By Alex Webb
If SoftBank fronts three-quarters of the planned $1 billion, it’ll be paying $750 million but helping more than double the value of its total Uber investment.
By cutting its losses, Meituan can now focus on its core battle against ele.me, the delivery service backed by Alibaba Group Holding Ltd.
Singtel’s stake in the company will fall to 35.2% after the Airtel rights issue, from 39.5% currently.
It’s not clear how much weight public investors will put on the take rate or bookings, another metric whose value will diminish over time.
Several general partners at private equity firms say diversity is one of their priorities, but only 3% have strategies to alter the equation.
Sea isn’t alone in cherry-picking numbers and offering them as “adjusted” figures. Ford Motor Co. and Newell Brands Inc. take the same approach.
Food delivery start-up Swiggy is in talks to acquire Uber Eats while hospitality chain Oyo is in discussions to buy out cloud FreshMenu.
They are not exactly like any marketplace that has came before. They’re not exactly transportation companies, nor would they want to be valued that way.
In the last 10 years, Singapore and Hong Kong have become the hub for managing wealth in Asia which has resulted in the number of Asia-based FOs increase from approximately 50 to over 500.
Alibaba and Tencent may be less interested in gaining a seat on the board of an investment bank than focusing on asset management.