By Bei Hu
Xiaomi Corp. deserves to trade at a premium to global phone brands due to its market-share gains and faster growth trajectory, according to research from Morgan Stanley, one of banks leading its Hong Kong IPO.
From initial plans to launch in May 2018, the JV has delayed its full launch to August 2018. Is this a sign that this ambitious partnership is off to a rocky start?
In FY17, Amazon India reported a loss before interest and tax of around $750 million. This is despite the fact that it has considerably lower outgoes than Flipkart in areas such as staff costs.
Some people argue that the new seed round is just a modern name for the ‘historical’ Series-A. But there is a big difference- current seed investors don’t get the benefit of seeing how a startup performs over the first year while burning through the seed round.
Vietnam has better liquidity than the Philippines.
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.