By PR Sanjai
The upcoming elections have increased the influence of local retailers that lobbied for growth-crimping curbs on the US giants.
The acqui-hire comes just a few months after Swiggy closed its $1 billion round, led by Naspers and joined by China’s Tencent.
Bukalapak has partnered with the Bandung Institute of Technology (ITB) to launch a new bike-sharing service called BukaBike.
Fintech is a sector that corporate VCs are most bullish about given the opportunities Indonesia’s financial service sector presents.
SEA’s unicorns raised nearly $8b in funding in 2018. We identify eight themes on the road ahead for them in 2019.
Kalanick, through his 10100 fund, invested $150 million for a controlling stake in City Storage Systems, the holding company of CloudKitchens, last year.
Ofo’s mounting debt has been taking a toll on its operations at home and abroad.
The deal would value the Chinese firm at $8.5 billion before the investment.
What’s clear is that Amazon and Walmart now have to re-tool their strategy and potentially ward off stiffer competition from physical retailers or local rivals with deep pockets.
The latest financing secured from investors including Google, JD.com, Tencent and Mitsubishi values the company at nearly $10 billion.