Posted in asia Carousell carro China economy Finance Funding funding societies Fundings & Exits go-jek golden gate ventures Google India Indonesia internet penetration iPhone jeffrey paine Korea Investment Partners Masayoshi Son Money nsi ventures p2p paul bragiel Private equity Silicon Valley Singapore smartphones Social Media Softbank Southeast Asia Tech temasek Temasek Holdings United States Venture capital vinnie lauria

Golden Gate Ventures closes new $100M fund for Southeast Asia

Singapore’s Golden Gate Ventures has announced the close of its newest (and third) fund for Southeast Asia at a total of $100 million. The fund…

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Posted in Alibaba alibaba group AliExpress alipay asia ceo chairman China daniel zhang digital banking e-commerce economy europe food delivery Funding Fundings & Exits Getty-Images India Jack Ma mail mail.ru Mail.ru Group megafon online marketplaces Paytm Russia smartphones Social Media Southeast Asia Tech Turkey world wide web

Alibaba goes big on Russia with joint venture focused on gaming, shopping and more

Alibaba is doubling down on Russia after the Chinese e-commerce giant launched a joint venture with one of the country’s leading internet companies. Russia is…

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Posted in Alibaba alibaba group asia business ceo chairman coo daniel zhang Donald Trump e-commerce eCommerce Entrepreneur internet access Jack Ma media online payments South China Morning Post Southeast Asia teacher Tech The New York Times

Jack Ma says he isn’t about to retire from Alibaba but is planning a gradual succession

Reports of Jack Ma’s impending retirement are greatly exaggerated, it seems. Ma, the co-founder and executive chairman of Alibaba, has pushed back on claims that he is on…

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Posted in apps asia economy financial services Google Google Pay ibibo India mobile payments Money online payments payments peer to peer Southeast Asia Tech tez Uber Xiaomi

Google is supercharging its Tez payment service in India ahead of global expansion

Google launched its Tez paymen app in India a year ago, and now the company is giving the service major push into retail as it…

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Posted in Business Guides China Malaysia Southeast Asia WallSt

China’s Window Into Southeast Asia’s Digital Scene Through Malaysia

Earlier in 2018, I made three key predictions on the ecommerce landscape in Southeast Asia. With less than 4 months more till the end of…

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Posted in asia China computing earnings europe India Indonesia smart products smartphone smartphones Southeast Asia Tech Technology Xiaomi

Xiaomi posts $2.1B profit in its first quarter as a public company

Chinese smartphone firm Xiaomi has posted a $2.1 billion profit for its first quarter of business as a public company on account of growing smartphone…

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Posted in Alibaba alibaba group asia e-commerce economy Garena Internet online marketplaces sea Southeast Asia Tech world wide web

E-commerce drives Southeast Asia’s Sea to record revenue but big losses remain

Sea, one of Southeast Asia’s largest internet companies, continues to see losses although its growing e-commerce business helped it hit record revenue. The Tencent-backed company…

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Posted in asia Carousell China Credit Suisse facebook FreeCharge India online brands PayPal Sequoia Sequoia India Singapore SnapDeal Softbank SoftBank Group Southeast Asia TC Tech Tokopedia traveloka Vision Fund zilingo

Sequoia wraps up new $695M fund for India and Southeast Asia

Sequoia has announced the close of its newest fund for India and Southeast Asia. The firm has raised $695 million for this fund, which is its…

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Posted in asia Australia Entrepreneur Fundings & Exits golden gate ventures openspace ventures patsnap shopback Singapore singtel SingTel Innov8 Southeast Asia TC Tech

Stealthy Singapore VC firm Qualgro is raising a $100M fund

Founder Heang Chhor previously spent 26 years with McKinsey Jon Russell @ / 8 hours Southeast Asia’s venture capital space is booming right now. Openspace Ventures…

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Posted in Alibaba alibaba group asia asia venture group david chmelar e-commerce econa Fundings & Exits Gobi Partners India Indonesia kuala lumpur line ventures Malaysia Naver Singapore Southeast Asia Starstrike Ventures Tech venturra capital vietnam

Korea’s Naver backs Southeast Asia-based e-commerce startup iPrice

iPrice, an e-commerce aggregation service in Southeast Asia, has landed a strategic investment from Naver, the Korean internet giant valued at over $21 billion, as…

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Posted in asia asia pacific Collaborative Consumption grab Singapore Southeast Asia Tech Uber

Uber is on a hiring spree in Singapore despite ‘exiting’ Southeast Asia

Uber agreed to sell its Southeast Asia business in March, but it isn’t leaving the region. In fact, the U.S. firm is doubling down with…

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Posted in asia chope FinAccel Fundings & Exits go-jek golden gate ventures hian goh LPs openspace ventures shane chesson Southeast Asia Tech temasek

Singapore’s Openspace Ventures closes new $135M fund for Southeast Asia

It seems like everyone is out there raising new funds in Southeast Asia. Weeks after we reported Golden Gate Ventures hit a first close on…

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Posted in asia China coworking CrunchBase Fundings & Exits Indonesia LONDON naked hub Southeast Asia taiwan TC Tech ucommune urwork WeWork

WeWork China rival Ucommune raises $43.5M more at a $1.8B valuation

Barely weeks after WeWork China raised $500 million, one of its main rivals is refueling its tanks too. Ucommune — the company formerly known as…

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Posted in asia cleosent randing Expedia Fundings & Exits go-jek Indonesia insurance pasarpolis Southeast Asia Tech Thailand Tokopedia traveloka vietnam

Three Indonesian tech unicorns unite to back digital insurance startup

It’s almost unheard of to see three unicorns join forces to fund a startup, but that’s exactly what has happened in Indonesia. Ride-hailing company Go-Jek,…

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Posted in asia Column e-commerce Finance mobile phones Nigeria Rise Fund South America Southeast Asia TC Tech TPG Growth

Offering a white-labeled lending service in emerging markets, Mines raises $13 million

Jake Bright Contributor More posts by this contributor MallforAfrica goes global, Kobo360 and Sokowatch raise VC, France explains its $76M fund Harley-Davidson to expand EV…

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Posted in Altruist apps asia bubble motion bytedance djs facebook Fundings & Exits goodwater capital Instagram Internet Radio Japan Korea media mobile musical.ly Singapore Software Southeast Asia Tech twitter vietnam

Musical.ly investor bets on internet radio with $17M deal for Korea’s Spoon Radio

One of the early backers of Musical.ly, the short video app that was acquired for $1 billion, is making a major bet that internet radio…

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Posted in Accel asia bangalore bike rental ceo Co-founder CTO electric bicycle Fundings & Exits Hyderabad India last mile transportation religion Scooter sharing economy Southeast Asia Tech transport

Sequoia India and Accel back on-demand scooter startup in $12.2M deal

Two of India’s most prominent VCs are backing a motorbike on-demand service after Sequoia India and Accel led a $12.2 million investment in Metro Bikes….

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Posted in Alibaba alibaba group asia China e-commerce eCommerce economy europe Fundings & Exits germany Google grab JD JD.com online stores Retail retail stores Software Southeast Asia Tech Tencent Uber United States Walmart WeChat Yihaodian

Walmart co-leads $500M investment in Chinese online grocery service Dada-JD Daojia

Walmart sold its China-based e-commerce business in 2016, but the U.S. retail giant is very much involved in the Chinese internet market through a partnership…

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