Go-Jek to invest $500m in expansion to four Southeast Asian countries

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The company will expand to Vietnam, Thailand, Singapore and the Philippines in the next few months.

Uber has $2.5b profit to show on paper in Q1, thanks to Grab deal

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Uber also announced that investment firms Coatue Management, Altimeter and TPG plan to purchase $400-600 million in Uber stock from existing shareholders.


Uber’s Middle East rival Careem said to weigh $500m in funding

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Careem plans to raise the money as a precursor to a possible initial public offering and the fund-raising round could value the company at as much as $1.5 billion.


SoftBank to sell Flipkart stake to Walmart, first known Vision Fund divestment

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The Vision Fund has invested $30 billion in startups in the last year.


After years of trouble in Japan, Uber breathes easy with pilot taxi service

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Starting this summer, Uber will connect local drivers and passengers in Awaji, a remote island that’s home to 120,000 people and a dozen taxi companies.


The behind-the-scenes story of Sachin Bansal’s exit from Flipkart

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Walmart was initially  keen on  retaining Bansal but reversed after Flipkart board decided to cut  him out.


Amazon takes cross-border e-commerce battle to Alibaba’s home turf

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Amazon is seeking to help its merchants connect directly with manufacturers in China, a region largely out of the company’s reach.


Vietnam’s antitrust regulator considers formal investigation into Grab-Uber deal

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The CCPD has stated that Grab’s market share in Vietnam, after the deal, is over 50 per cent, in violation of the competition law.


Singapore’s Sea mulls raising funds for e-commerce unit as quarterly loss triples

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The company’s “gross margin will remain pressured and losses will widen as it invests in growth,” Bloomberg Intelligence analysts Matthew Kanterman and Andrew Eisenson wrote in a note ahead of Sea’s earnings report.


Carousell latest to throw hat into SE Asia’s fragmented payments ring

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With a population of more than 600 million people, who are largely unbanked but are mostly Internet-savvy and mobile users, Southeast Asia has become the new battlefield for companies wanting to become leaders in the region’s financial services space.