Promotors can retain control even as they raise capital from global investors.
GOJEK’s Vietnam affiliate GoViet says bike service grew 400% since its launch
India Digest: CCD to restart talks with Coca-Cola; KKR, Everstone eye emids Tech
Indonesia Digest: Cita Mineral shareholder to sell stake; Bank Mitraniaga delisting
India Dealbook: MPower snags $100m debt from Goldman; Y Combinator backs Lokal
People Digest: Nio’s Jack Cheng leaves role; Pomelo hires ex-Lazada CMO
Indonesia’s Protelindo, Telkom Group in talks to buy Indosat Ooredoo’s tower assets
Indonesian beverage chain startup Goola raises $5m from Alpha JWC Ventures
Harvard duo founded Indonesian P2P lender Modalku rises in booming market
DSG Consumer Partners nears final close of third fund at $65m hardcap
Venture debt gains ground as attractive funding option for startups
The government is likely to shift the traditional sovereign surveillance to a more innovative approach towards the digital economy.
Rest of Asia
The draft law proposes limiting foreign ownership in internet firms to 20% if they are considered to be a “significant source of information”.
Vietnam has been tightening internet rules over the last few years, culminating in a cybersecurity law which came into effect in January.
The transport ministry has proposed that ride-hailing cars have a fixed reflective decal bearing the phrase "contracted car" on the right side of thei
The fines are the latest in a crackdown on illegal practices in China's fast-growing ride-hailing industry.
The regulation factors in provisions such as standard minimum fare for motorcycle taxis as well as customer protection and safety.
The move follows local media reports that Crown flouted rules to lure big Chinese gamblers to Australia.
A new bill will give the Land Transport Authority the power to set safety requirements on licensed operators and mandate closer supervision such as by
Zalo recently launched its social media network but is only licensed to operate as an over-the-top (OTT) service.
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