By Shira Ovide
Investments in tech startups are set to surpass $200B this year, the largest since dot-com bubble
Ofo’s plight is a warning for China’s tech investors, who have plowed tens of billions of dollars into bike sharing, ride hailing and food delivery.
The Singapore-based ride-hailing company had just landed $1 billion in funding from Toyota Motor Corp, and the deal looked a little like vendor financing.
The basic problem is that too much capital is chasing after too few startups, something even China’s State Council is starting to realize.
An unrivalled all-stock offer is what it took Hindustan Unilever Ltd to stave off several suitors for GlaxoSmithKline Consumer Healthcare Ltd.
Go-Jek’s entry offers Grab a chance to rethink its approach. It should hold fast on incentives and price both supply and demand according to sound economic principles that ensure some profit for everyone, including itself.
Indonesia’s Supreme Court has sentenced a teacher, Baiq Nuril Maknun, to six months’ imprisonment and a fine on charges of ‘violating decency’.
China’s stock market isn’t easy pickings for foreigners, and regulators increasingly are asking brokerages to avoid issuing negative reports.
As other unicorns in the region mull a potential listing, it is time to look at how Sea and Razer have performed in the public markets.
The proposed cyber security law, if approved next year without amendments, will require internet companies like Google and Facebook to open offices and store users’ data in the country.