By John Geddie
U.S. prosecutors filed criminal charges against the two former Goldman bankers and a Malaysian financier linked to the alleged theft of billions of dollars from the fund.
Unlike Go-Jek, the Singapore company doesn’t have a coveted e-money license issued by the central bank. Grab now partners with OVO, Indonesian conglomerate Lippo Group’s e-wallet, meaning it must cede some control over user experience and technology.
The government there has warned investors buying into Airtel Africa that it doesn’t approve of any change in ownership in Airtel Tanzania.
The best hope for resolving Uber’s Saudi stigma, insiders said, is for the company to go public, giving it more latitude to reshape its board. Public companies have little control over their investors, potentially absolving Uber of some of the blame for an autocratic bedfellow.
With the growing backlash against Saudi Arabia over the murder of government critic Jamal Khashoggi, SoftBank Group Corp. faces tough decisions in its relationship with the kingdom.
With so much of the Silicon Valley business model built on hopes (of big funding rounds) and dreams (of massive wealth), all it could take to disrupt the momentum is fear of a funding crunch.
Joko Widodo’s image as a self-made entrepreneur was a big part of his appeal when he began to become known as a politician. It wouldn’t be surprising if some of the current league of internet entrepreneurs are groomed for political offices.
Low bank penetration and high internet penetration, it is not difficult for investors to see the similarity between Indonesia and Philippines – opportunity.
Bansal, who has spotted Ola to begin his second innings as an investor, in all likelihood, will join the board and his influence should be considered more strategic.
Such a fast decline by two early adopters — Xiaomi and Meituan — doesn’t augur well for Hong Kong’s reputation. It already tried relaxing listing rules when it introduced the Growth Enterprise Market two decades ago.