US boutique bank Raine plans SE Asia expansion, bets on media and tech

US boutique bank Raine plans SE Asia expansion, bets on media and tech

Photo: Reuters

Southeast Asia’s digital media and tech sectors, underpinned by young consumers and one of the fastest growing internet markets, had drawn US investment bank Raine Group to expand in the region, senior executives said.

“This is the last major market in the world, where you can see a free for all between Alibaba, Tencent, Bytedance on one hand, and the likes of Amazon, Apple, Facebook and Netflix on the other,” said Joe Ravitch, Raine‘s co-founder and partner.

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