Some 72% of India’s consumer transactions take place in cash, double the rate in China, according to a Credit Suisse report.
Editor’s take: The week that was – August 12-16
JD.com JV in talks to raise $500m in US listing: Report
Alibaba said to acquire Kaola unit from NetEase in a $2b deal
Harvard duo founded Indonesian P2P lender Modalku rises in booming market
Amid Hong Kong protests, when will Alibaba list?
Indonesian beverage chain startup Goola raises $5m from Alpha JWC Ventures
[Corrected] Indonesia’s Bukalapak says H1 gross profit higher than previous year
SoftBank’s Son said to be keen to back Zilingo, Indonesia’s Ruangguru, Aruna
OCBC bid for Indonesia’s Permata Bank may hinge on Jakarta’s blessings
Since its Series A in 2015, the startup has not disclosed any funding news.
Private equity took centre stage this week as we covered fundraising, potential exits and LP commitments.
Its global transformation comes as Chinese tech companies like Huawei and ZTE face scrutiny in the US and elsewhere as alleged espionage threats.
Latin American startups flush with fresh capital are also eager to tap additional markets.
The capital infusion into Ola Electric is the latest example of how Aggarwal has established firm control over its subsidiaries.
Car ownership in Malaysia stands at a whopping 93 per cent, the third-highest in the world.
From the latest in unicorn land to newest entrant in the region's VC scene, our stories covered it all this week.
Reebonz also announced the departure of non-executive director Ali Erfan effective July 31, 2019.
Rest of Asia
Since Abraaj’s collapse was set in motion, virtually no money has been raised by PE firms based in the Gulf.
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