By Nikhil Kapur
If you are an early stage founder in Southeast Asia, then gone are the glory days of 2014-2015 where everyone’s cat was raising a seed round.
The ink is barely dry on SoftBank Vision Fund’s purchase of a stake in Flipkart Online Services Pvt and already it’s preparing to exit. Masayoshi Son seemed so keen on the Indian e-commerce startup that he threw $2.5 billion at it in August.
Vinhomes JSC’s proposed $2 billion initial sale would be the country’s biggest ever.
iflix, which recently closed its digital division in Singapore, has been keeping mum since it raised $133 million about eight months ago.
Temasek is in talks to lead a funding round that could value the Alibaba Group-backed company at $150 billion.
Amazon’s talks with Flipkart suggest it wants to avoid a long-drawn battle with Walmart.
Amap.com, an Alibaba portfolio company, has announced that it would introduce “hitchhiking“ service, allowing commuters to find a ride pretty much the same way as they have been using ride-hailing apps such as Didi.
Tencent just wants to expand its WeChat messaging platform while Alibaba is on a mission to grow its own ecosystem.
In India, once again, SoftBank is the largest investor in Uber’s main rival, Ola.
Putting Lucy Peng in charge shows the emphasis, determination, and probably urgency, in making Lazada work for the Chinese firm.