By David Fickling
As Noble Group Ltd. sells once-core businesses to stave off creditors, it’s been running down stocks of grain, gas, power, oil and petroleum products. There’s one crucial commodity, though, that ran out long ago: trust. The trader has often been dinged for lack of transparency, and Monday’s announcement of the sale… Read more »
“We like to think of SoftBank as a tech-focused Berkshire Hathaway,” a Bernstein note says.
Four of the top five unicorns are Chinese, trailing Uber that still holds the crown at $68 billion.
Sea was founded by Forrest Li as an online gaming company in 2009 and originally named Garena.
A consortium including KKR, CPPIB, Abu Dhabi Investment Authority and Singapore’s GIC is planning an $11 billion buyout of Bharti Infratel Ltd. and its 42% affiliate Indus Towers.
Just four countries—the US, Germany, Japan and the UK— contributed 92% of Amazon’s $136 billion in revenue for 2016.
Their millions of users pay a surety upfront for the right to rent, translating into billions of dollars of cash.
Exits in SEA have been challenging as there is relatively less liquidity in the stock exchange markets.
If we look at tech IPO exits in SEA market in last 15 years, out of 14 companies, seven were from Malaysia.
Valuations had been “unrealistic” at the beginning of Indonesia’s digital startup boom