By Tim Culpan
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.
While billion-dollar valuations help a market attract attention, an early startup market such as Vietnam needs to first build sustainable companies.
The current challenges in the Indian NBFC sector offer an opportunity for a new entrant to acquire fairly priced assets, develop a thoughtful liability structure and compete with incumbents at scale.
It creates a situation in which unlisted companies, free of the constraints of quarterly reporting, are more able to focus on long-term growth, thereby stabilizing the economy.
In the eastern city of Dongying, at least 28 private companies are seeking to restructure their debts and avoid bankruptcy.
Why is Shanghai doing this? China has long wanted its home-grown tech champions to list closer to home.