Consolidation may also be the result of Flipkart’s and Amazon’s push to enter the hyperlocal delivery space.
Chinese EV maker NIO hires CICC auto analyst Feng Wei as next finance chief
China’s Starbucks rival Luckin posts upbeat forecast riding on rapid growth
SoftBank-backed Yahoo set to merge with Naver’s Line
Philippines’ Udenna buying Chevron’s stake in Malampaya gas project
Singapore’s Temasek to launch dual-tranche euro bonds
Ride-hailing deals bigger blow to SoftBank Vision Fund than WeWork
Sea Group’s Q3 net losses narrow but Shopee remains the big drag
Golden Gate leads seed round in Indonesian sharia fintech startup ALAMI
Zilingo-backer BEENEXT seeks to raise $100m for new fund
South Korean entrepreneurs flock to set up businesses in Vietnam
Rest of Asia
Investments in transportation and logistics carried an unrealized loss of $300 million at the end of September.
From Indonesia to India, tech companies are moving away from a growth-at-all-costs model to chase profitability.
SoftBank has now started to make profitability a key watchword among its investments after the WeWork fiasco.
A fight to survive appears to be looming driving players to hurry their services to the commercial stage.
The conglomerate's 'valuation discount' is wider than ever ahead of expected Q2 loss.
Digital payments and remittance in Southeast Asia are currently at or approaching inflexion points driven by high smartphone penetration and engagemen
Booming online trade has resulted in fierce competition between logistics companies in Thailand.
Those who have watched Makarim over the years say it was always a question of when, not if, he will make the switch to politics.
Asia-focused VC funds had $323 billion AUM at the end of last year, fast closing the gap with N America-centric funds which had $397 billion.
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