By Tomas S. Noda III
Wecash made the announcement following the completion of its $80-million Series C round led by China Merchants Venture Capital Management, Forebright Capital, and SIG. The goal is to transform the local home rental sector through the application of new technologies, the company said.
The deal comes as Tencent pushes into retail, leveraging its relationship with JD.com and popular app WeChat.
The Japanese investor has assured Flipkart that it is willing to pump in “several billions of dollars” to help it expand the e-commerce market and widen its narrow lead over rival Amazon India.
Grab and Ovo have another common link: The Riady family. The Riady family, which owns the Lippo Group, has invested in Grab through Venturra.
This is Fullerton’s second investment in Cambodia after it launched Cambodia Post Bank in 2013, in which it has a 45 per cent stake.
In the previous financial year of 2015-16, the wholesale business had registered growth of 34%.
It acquired Kartuku, Midtrans and Mapan marking the largest exit in Indonesia’s nascent startup ecosystem so far.
Dubai-based Careem operates in more than 100 cities in the Middle East, North Africa and South Asia.
Asia’s biggest internet company wants to capitalize on digital-music sales in mainland China that are expected to surge 88 percent within four years.
Uber said Wednesday that it will bring Howa’s fleet of 4,000 taxis in Bangkok onto its app. This follows last week’s deal to sell 51% of its Singapore car rental unit to taxi operator ComfortDelGro Corp. for S$295 million.