By Arjun Panchadar
Amazon’s talks with financial firms are seen as an attempt to create a product to attract younger consumers, mainly those without bank accounts.
Almost five years after opening for business there, Amazon is spending billions fighting a ground war with local rivals like Flipkart that know the terrain.
Han Jaesun, co-founder of local startup accelerator FuturePlay Inc, is expected to lead the new unit.
The approved regulations eliminate requirements that would have made it more difficult and expensive for car-hailing companies to operate.
Vietnam could be the third market overall for Go-Jek as it holds a stake in Bangladesh’s ride-sharing app Pathao.
The firm, which counts China’s Tencent as its biggest shareholder, said revenue for the December quarter rose 41% on a year earlier to $124.6 million, as it launched new games and offered older ones in new markets.
Giosis, which already counts eBay as an investor, operates seven localized online marketplaces in five countries including Japan and Singapore.
Analysts view Sea as Southeast Asia’s leading growth company with backing from Chinese colossus Tencent that should help it capitalize on the region’s adoption of games, e-commerce and digital payments. Sceptics see little evidence that Sea is developing anything resembling a business model.
The $1.5b upwards fundraising round has seen investments from a dozen investors including BlackRock and Google.
Gobee’s green bikes have virtually disappeared from the streets in the past few days and its mobile phone app was inactive.