Ant Financial, which operates the e-commerce giant’s Alipay payment service, tripled its operating income from the prior quarter.
GOJEK’s Vietnam affiliate GoViet says bike service grew 400% since its launch
India Digest: CCD to restart talks with Coca-Cola; KKR, Everstone eye emids Tech
Indonesia Digest: Cita Mineral shareholder to sell stake; Bank Mitraniaga delisting
India Dealbook: MPower snags $100m debt from Goldman; Y Combinator backs Lokal
People Digest: Nio’s Jack Cheng leaves role; Pomelo hires ex-Lazada CMO
Indonesia’s Protelindo, Telkom Group in talks to buy Indosat Ooredoo’s tower assets
Indonesian beverage chain startup Goola raises $5m from Alpha JWC Ventures
Harvard duo founded Indonesian P2P lender Modalku rises in booming market
DSG Consumer Partners nears final close of third fund at $65m hardcap
Venture debt gains ground as attractive funding option for startups
WeWork is the inevitable outcome of the last decade of technology and financial development.
Indonesia has been touchy in the past about ceding control of its lenders to the neighbouring city-state.
Why is Mukesh Ambani hitting the brakes on a seven-year, $100 billion investment spree across refining, petrochemicals, telecom and retail?
And, challenger banks reckon that fintech can help them shake the dominance of entrenched rivals.
Rest of Asia
Most of SoftBank' increase in net income came from a one-time gain from its direct stake in Alibaba Group.
DealstreetAsia brings together eight speakers, representing some of the most active LPs and GPs in region.
To retreat from retail banking just as Asia’s digital consumption is about to explode would be a strategic blunder.
The largess may go to India than China, as well as Southeast Asia – and further afield to Latin America and Eastern Europe.
Indonesia’s size is part of its promise. The 267 million population is 47 times that of wealthier Singapore.
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