SE Asia has nearly 150 e-wallet licence holders, and firms including Grab, Go-Jek, Tencent, and others fighting for dominance.
Editor’s Take: The week that was – October 14-18
India’s Cipla buys novel anti-infective drug Elores from Venus Remedies
India: L&T to acquire partner in L&T IDPL, make it fully-owned arm
Chinese firm TikTok ropes in Nikhil Gandhi as India head
India: Swiggy eyes 100m customers using its app over 15 times a month in 10-15 yrs
Singapore’s Temasek mulls setting up new renewables-focused unit
Bukalapak said to have held merger talks with Alibaba-backed Lazada
Indonesian edtech startup Zenius eyes $20m funding, in talks with Northstar
Ant Financial-backed BAce leads Series A funding in Indonesian proptech startup RoomMe
Singapore: Insignia Ventures Partners raises $200m for second fund
Forced by competition and the inability to burn cash to gain scale, the new entrants are tweaking their strategies.
With financial services accounting for about one-fifth of Hong Kong’s GDP, any disruption will have a real impact on the economy.
For many South Korean VCs, investing in Southeast Asia is no longer a matter of preference, but a necessity.
The number of exits in 2018 in the burgeoning technology sector jumped to 14 from three in 2017.
Less than 1,000 new internet startups were launched in 2017, from more than 6,000 in 2016, according to Tracxn.
The value of online deals in areas from internet retail to car-hailing should reach $300 billion by 2025.
Poor sentiment on the company could further damp demand for co-working spaces amid slowing gross domestic product growth, hurting office REITs.
Rest of Asia
Yahoo Japan is now adapting Ma's approach to combining e-commerce and brick-and-mortar retail to boost earnings.
Some are turning to delivery robots while others are helping deploy autonomous vehicles for farms, construction sites or airports.
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