Go-Jek close to profitability in all segments, except transport: Nadiem Makarim

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Makarim confirmed Go-Jek has set up a VC arm, Go-Ventures, as first reported by this portal.

Nadiem Makarim

Malaysia: IPO-bound pizza chain operator QSR partners foodpanda to boost delivery revenue

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QSR’s top executive declined to comment on the upcoming $500 million IPO, only saying that “work is in progress”.


Indian e-commerce biggie Flipkart targets $1.7b from Big Billion Day sales

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Flipkart typically generates most of its business during Big Billion Days from high-value categories such as smartphones and large appliances.


Grab partners Ping An Good Doctor, adds healthcare to its pack of services

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Hong Kong-listed Ping An Good Doctor is affiliated to Ping An Capital, one of Grab’s investors in its most recent round of fundraising.


Bakery chain vanishes from Chinese food apps following Taiwanese leader’s visit

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85 Degrees, which has 628 stores in mainland China, was hit by calls for a boycott on Chinese social media after Taiwan President Tsai Ing-wen was photographed on Sunday visiting one of its Los Angeles stores during her visit to the United States.


Uber CEO puts growth above profit, taps new businesses

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Khosrowshahi is searching for new businesses. In the last few months, Uber bought a startup that rents electric bicycles, invested in another one that rents electric scooters and went to work on its own scooter-rental business.


India: Paytm E-Commerce aims to hit $10b in gross sales by March next year

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Paytm E-Commerce Pvt. Ltd, which runs the online marketplace, achieved $3.5 billion in annualized gross sales in June.


Vietnam’s e-commerce startup Sendo raises $51m in SBI Group-led Series B

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Other Asian investors that joined the round include SoftBank Ventures Korea, Daiwa PI Partners, SKS Ventures, BEENOS, eContext Asia, FPT Group and Beenext.


Hong Kong becomes battle ground for digital payment platforms of Tencent, Alibaba

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The city has become an important testing ground for Tencent’s WeChat Pay, and Alibaba’s Alipay, dominant rivals in mainland China


DHL eCommerce bets on next-day delivery service, ties up with Shopee Malaysia

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DHL eCommerce, a unit of Deutsche Post DHL Group, is ramping up presence in the Southeast Asian markets it is present in.