Advantage Ambani, setback for Amazon as poll-bound India plays to gallery

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The upcoming elections have increased the influence of local retailers that lobbied for growth-crimping curbs on the US giants.

Jeff Bezos

India: Food delivery player Swiggy acquires AI startup Kint.io

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The acqui-hire comes just a few months after Swiggy closed its $1 billion round, led by Naspers and joined by China’s Tencent.


Indonesia’s Bukalapak launches local R&D center, bike sharing service

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Bukalapak has partnered with the Bandung Institute of Technology (ITB) to launch a new bike-sharing service called BukaBike.


Indonesia’s corporate VCs eye fintech, new retail, proptech as favourite themes: DSA Summit

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Fintech is a sector that corporate VCs are most bullish about given the opportunities Indonesia’s financial service sector presents.


Unicorns of Southeast Asia – Whither next?

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SEA’s unicorns raised nearly $8b in funding in 2018. We identify eight themes on the road ahead for them in 2019.


Travis Kalanick looks to re-enter China, this time with shared kitchens

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Kalanick, through his 10100 fund, invested $150 million for a controlling stake in City Storage Systems, the holding company of CloudKitchens, last year.


Chinese bike-sharing startup Ofo lays off Singapore staff without compensation

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Ofo’s mounting debt has been taking a toll on its operations at home and abroad.


SoftBank Vision Fund said to be in talks to invest $1.5b in Chinese used car site Guazi

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The deal would value the Chinese firm at $8.5 billion before the investment.


Amazon, Walmart reel as Indian e-commerce norms plunge market into chaos

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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.


Go-Jek raises over $1b in first close of Series F round

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The latest financing secured from investors including Google, JD.com, Tencent and Mitsubishi values the company at nearly $10 billion.