Singapore
Garena’s latest AI-linked bets follow a lull after its investment spree around 2021 to 2022.
1
China's memory chip IPO frenzy raises big questions
2
SG's Panthera Growth Partners invests $30m in security AI firm Innefu Labs
3
Indian aluminium recycler CMR Green draws $6b bids for $66m IPO
4
China, Hong Kong investors barred from SpaceX IPO on regulatory concerns
5
Blackstone-backed Australia's AirTrunk to invest $30b in India by 2030
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French asset manager Eurazeo scouts for SE Asia bets with $20m ticket size
Jakarta prosecutors detain KoinWorks borrower in $33m irregular loan case
Vietnamese dairy firm TH Group approaches PEs for minority stake sale
ZWC Partners invests in parent of Korean eyewear label Gentle Monster
FMO proposes $20m investment in South Asia Growth Fund IV
India
The development comes ahead of the company’s merger with upGrad.
Rapido has been valued at $3 billion on a post-money basis.
Greater China
Revenue was buoyed by government subsidies for electronic goods.
Indonesia
Currently, commission taken from drivers for each trip is capped at 20%.
Amid the cheers, the durability of GoTo’s profitability remains the key question.
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.
The companies fined include Pinduoduo, Meituan, and JD.com.
