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Only 2 per cent of consumers pay direct AI subscriptions across the region, pushing e-commerce merchants and digital platforms to monetize through search and conversions.
The proposed deal values the Indian specialty coffee chain at up to 3,700 crore rupees as it prepares to expand across India, the UAE and Japan.
Singapore’s state investment firm, Temasek, is set to raise its stake in the Ermenegildo Zegna Group to 10 percent. This move, announced by both companies on Tuesday, is part of Zegna’s strategy to expand globally in the robust ultra-luxury market. Investing…
A seasoned executive is stepping into a pivotal role at Chain IQ, the global leader in indirect procurement. Uwe Krueger, with over 20 years of leadership experience in sectors ranging from industrial services to energy, has joined the board of directors,…
Neso Brands, a subsidiary of eyewear manufacturer Lenskart, has raised $100 million in a seed funding round, which will enable the firm to create a house of brands catering to the global market. The company did not divulge the details of the investors…
Container shipping giant Maersk on Wednesday agreed to buy Hong Kong-based LF Logistics for $3.6 billion in an all-cash deal, as it seeks to expand beyond its core ocean freight business. The deal is one of the group’s largest takeovers to date and follows a…
The platform will provide debt financing for projects in Asia, with an initial focus on Southeast Asia, as part of efforts to reduce climate change. Temasek will be working with HSBC to catalyze financing of marginally bankable sustainable infrastructure…
The trio is developing an open industry platform that aims to reimagine and accelerate value movements for payments, trade, and foreign exchange settlement. Partior aims to disrupt the cross-border payments landscape by using blockchain and smart contracts to…
Chinese community grocery shopping app Xingsheng Youxuan has raised about US$2 billion in a new funding round that values the company at US$6 billion prior to the fresh capital injection, three people with knowledge of the matter said. Private equity firms…
Temasek names a new former head of sustainability from Ikea to replace Robin Hu, who will we leaving the role by the end of 2020. Temasek’s current sustainability head Hu will have some of his key function’s taken over by ex-Ikea chief sustainability officer…
Temasek Holdings has invested US$300 million (S$406.1 million) for a a 21.7 per cent stake in Hong Kong-based global supply chain giant Li & Fung’s logistics business. The injection from Singapore’s state investment company wil value the business, LF…
Online marketplace Zilingo has raised US$226 million in its recent Series D funding. The fresh capital round brings the total amount raised by the company to $308 million. Having secured its latest investments, the company is now looking to China as well as…
All eyes are on Southeast Asia as the world’s next consumer powerhouse, with its young population and increasing purchasing power. Almost 280 million centennials – those born since 1995, also known as Generation Z, currently call this region home. While the…
Singapore’s Temasek Holdings is reportedly looking to quit its stake in Hong Kong-headquartered beauty products retailer AS Watson. Temasek spent US$5.6 billion to acquire a 25 per cent share of AS Watson in 2014 from Hong Kong’s CK Hutchison, which retains…
Indonesian ride-hailing and online payment firm Go-Jek on Thursday said it would enter Vietnam, Thailand, Singapore and the Philippines in the next few months, investing $500 million in its international push. The move will start with ride-hailing services…
Go-Jek has raised a higher than targeted $1.5 billion in a fundraising round from a dozen investors, including BlackRock and Google, as the Indonesian ride-hailing firm builds its war chest to fight deep-pocketed rivals. Go-Jek had planned last year to raise…
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