Policy & Regulations
The move is seen to boost non-cash payments in the country.
J.D. Power’s China-backed PE owner puts company up for sale
CVC-backed sanitary product maker Softex Indonesia mulls $500m IPO
Singapore VC Majuven joins Myanmar-focused Daung Capital’s Series A
Chinese regulator to take over Baoshang Bank due to credit risks
Huawei seeks $1b in first big funding test after US blacklist
IFC mulls $3m investment in Dubai-based logistics startup TruKKer
Vietnam’s Vingroup acquires e-wallet platform MonPay
Singapore O2O platform Fave buys CutQ, FoodTime in SE Asia push
Fave also acquired Groupon Singapore in 2017.
TruKKer is a long-haul e-logistics B2B startup that matches cargo owners with long-haul freight needs and truck drivers.
Darsana Capital Partners, Sands Capital, Coatue Management, Dragoneer, DST Global, Sequoia, SoftBank Vision Fund, and Temasek Capital Management joine
IPOs & Markets
Investors have questioned the company’s sacrifice of profits in favour of a cash-burn strategy.
Gorman’s bank has faced blame as lead underwriter after Uber plunged following its widely anticipated initial public offering earlier this month.
Gopalakrishnan routed the investment through his family office Pratithi Investment Trust.
Meituan deepened forays into newer arenas from online travel to ride-hailing.
Uber and Lyft Inc are expected to alter the state of car ownership towards subscription-based services and shared ownership.
Keppel’s UrbanFox Asia has set up a Vietnam entity to tap the country’s growing e-commerce market.
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