Indonesia
Currently, commission taken from drivers for each trip is capped at 20%.
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India: Wingreens buys Safe Harvest, closes $12.6m funding round
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Beverage brand Bobakat secures fresh funding and other India deals
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Gong Cha's planned $2b sale draws private equity interest
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Prosus sells 5% stake in Delivery Hero for around $394m
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Jio Platforms IPO pivots to pure fundraise, no investor exits
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Amid the cheers, the durability of GoTo’s profitability remains the key question.
India
The round was co-led by Susquehanna VC, Mirae, and BII.
Zomato parent posted a consolidated net profit of $18.4 million for March quarter.
In the archipelago, online grocery adoption is driven less by speed and more by convenience.
Greater China
The companies fined include Pinduoduo, Meituan, and JD.com.
Thailand and Malaysia led growth with GMV surging 51.8% and 47.6%, respectively.
Singapore
The company booked an impairment loss of $351.8m on investments in its subsidiaries.
The company has started to explore “open-loop” financial services, Hungate said in an interview.
The EU had pressed China over a surge of dangerous products that entered the bloc.
