Singapore’s Sea extends losses on the back of surge in e-commerce spending

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Sea is relying on a steady revenue flow from its online gaming business to fund investments in e-commerce and digital payments.

Sea founder Forrest Li

India: Paytm acquires stake in online loans firm CreditMate

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The latest investment is part of Paytm’s efforts to create consumer credit products.


China’s Tencent on global path as it surpasses Facebook in market value

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Tencent this week became the first Asian firm to enter the club of companies worth more than $500 billion.


SoftBank plans additional investment in India’s Ola, eyes 50% stake – Report

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Ola recently raised $1.1b from SoftBank, Tencent and others.


SoftBank funding may spur Uber to re-think tough SE Asian market

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SoftBank has also been a big investor in Uber’s rivals across Asia: SE Asia’s Grab, China’s DiDi, and India’s Ola


India: Merger talks with BigBasket blown out of proportion, says Grofers chief

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Online grocery firm Grofers India Pvt. Ltd has denied holding merger talks with larger rival BigBasket.


Myanmar’s Oway looks to emulate Go-Jek as it expands to three-wheel taxis

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Its cap table includes Northstar Group, an early investor in Go-Jek.


China’s bike sharing boom hits a speed bump as Bluegogo heads for collapse

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Bluegogo, the country’s third-largest bike-sharing startup, has said it is going under.


Japanese regulators raid Airbnb over suspected antitrust laws’ violations

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Regulators seized documents from Airbnb in Tokyo on suspicion that it broke antitrust rules by asking users not to list properties on rival sites.


HK: Alibaba-backed online apparel startup Grana raises venture debt from STI Financial

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The venture debt round paves the way for a Series B round by the end of 2018.