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Investment in startups jumped by 34 percent year-on-year in the first quarter to $100 million, with foreign investors being dominant. But the number of deals continued to fall, almost halving from 2019 to 16, according to a report by South Korean venture fund…
Grab Holdings is set to announce as early as Tuesday a merger with U.S.-based Altimeter that will value Grab at nearly $40 billion and lead to a public listing. The merger will make it the biggest blank-check company deal ever. Southeast Asia’s largest…
The deal – the largest merger between a company and a blank cheque company – will value the SoftBank-backed firm at about $35 billion. The Singapore-based technology group could finalize an agreement to list with one of Altimeter Capital’s special purpose…
The CEOs of early startups earn a median salary of $1,000 per month, lower than those in Indonesia and Singapore, a recent report says. A startup in the $0–5 million funding stage pays its CEO $2,000 a month in Indonesia and $4,000 in Singapore, according to…
The Offer Price has been set at £3.90 per Share, equating to a market capitalisation at Admission of £7.59 billion (excluding any over-allotment shares). Commencement of conditional dealings on the London Stock Exchange is expected to take place at 8 a.m.…
Tech industry veteran Ryan Lai has been named the new managing director for foodpanda Hong Kong. Lai will oversee all aspects of the delivery company’s business operations, while contributing to the growth and strategic development of the platform, including…
The super app is looking to create around 350 new jobs in Singapore this year to support its growth plans. The new hires will support Grab’s plans to help micro SMEs digitalize, deliver digital financial services across Southeast Asia, and develop the…
Indonesian online travel unicorn Traveloka is targeting Thailand and Vietnam for launching financial services ahead of a possible IPO. Undaunted by Covid-19 related disruptions, Southeast Asia’s biggest online travel startup is eyeing moves into the financial…
Vietnam eyes to have 500 manufacturers of hi-tech products and 200 agriculture companies using hi-tech applications as of 2030. The government also targets to increase the export value of hi-tech products to about 60 percent of the total export value in the…
Joining the market later than competitors, Baemin, a food delivery application of South Korean unicorn Woowa Brothers, concentrates on rider training and supporting food stores. Tuan, 28, from HCMC, is on his way to the headquarter of Baemin in District 3 to…
Vietnamese startups earned pledges of $815 million over the next five years from 33 foreign and domestic venture funds. The pledges, announced at the recent Vietnam Venture Summit, came from several foreign funds who’ve been active in Vietnam in recent years,…
Deliveroo today announces its partnership with DON DON DONKI, marking the first-ever collaboration with on-demand delivery app in Hong Kong for the Japanese megastore. The exclusive partnership with Deliveroo will enable customers to access a variety of tasty…
After a deadly pandemic wiped out most revenue for the year, Macau’s gaming industry could face a permanent structural shift with the potential introduction of a new system to exchange digital yuan for gambling chips. Macau’s watchdog, the Gaming Inspection…
Vietnamese startups need to expand their partnership network with domestic and regional firms for functioning deeper in big firms’ ecosystems, industry insiders say. Nguyen Anh Duc, CEO of retail chain Saigon Co.op, said among its 2,500 partners and suppliers…
Singapore-headquartered fintech RootAnt has raised $1.46 million in a seed investment round, led by Linear Capital and co-investor KZM Group. The funds will be used for expansion in Singapore, the rest of Southeast Asia, and Japan, with an aim to provide both…
Russia’s InDriver has become the latest entrant in Vietnam’s growing but fiercely competitive ride-hailing market, joining several foreign and domestic firms in the fray. Starting this month, the company is offering car and motorbike ride-hailing services in…
