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Founder of Indonesia's GrabToko startup arrested for scamming customers

GrabToko is an e-commerce startup from Indonesia that sold brand new smartphones at steep discounts.

Alfred Lee2d ago

Shopee's parent company, SEA Group, has bought a bank in Indonesia

SEA Group bought Bank Kesejahteraan Ekonomi Indonesia, a significant move into the digital banking space.

Alfred Lee3d ago

Latest Jobs


Tesla to expand more aggressively in India; sets up new subsidiary company

India presents a huge market for Tesla, with lesser restrictions compared to China.

Rajitha Reddy3d ago

Zoom plans $1.5 billion share sale at 10 times its IPO price

Zoom said on Tuesday that it will sell about 4.4 million shares in a secondary offering.

CNBC.COM3d ago

PayPal to Enter China’s Online Payment Market - Pandaily

Following U.S. digital money transfer platform PayPal’s acquisition of Chinese licensed payment company GoPay in 2019, PayPal made another move to hold the full equity of GoPay today.

PANDAILY.COM3d ago

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14th Asian Financial Forum 2021

January 18 - January 19

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February 3 - February 4

Suntec Convention Centre

InsurTech Connect

Global Business Summit 2020

February 9 - February 10

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February 24 - February 25

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Sea Group firms up digital payments play in Indonesia with Bank BKE acquisition

The deal can be seen as part of Sea Group's ongoing plan to increase customer retention on Shopee by doubling down on ShopeePay.

DEALSTREETASIA.COM3d ago

B2B SaaS platform VComply raises $6m led by Counterpart Ventures, Accel

In July 2019, VComply, had secured $2.5 million in a seed funding round led by Accel.

DEALSTREETASIA.COM3d ago

KKR private equity firm closes $3.9 billion fund to invest in Asia Pacific infrastructure

KKR has received strong backing from a diverse group of global infrastructure investors.

Princess Joy Malinao4d ago

Companies Fundraising


Keep fitness app from China just raised $360 million led by SoftBank Vision Fund

Keep grew to 100 million users in China within 3 years, and is now diversifying its offerings.

Carl Adrian5d ago

Gcash Philippines raises $175 million in fresh capital

Gcash's financial services indeed helped Filipinos in coping up with the new normal.

Princess Joy Malinao6d ago

Udaan raises $280 Million, bounces back after COVID-19

Fresh round of funding will be used for market expansion, platform enhancement among other projects.

Princess Joy Malinao6d ago

Text marketing startup Voxie raises $6.7M – TechCrunch

Like many startups, Atlanta-based Voxie was created to solve a problem that founder and CEO Bogdan Constantin faced himself. In Constantin’s case, this was at his previous tuxedo rental startup Menguin (ultimately acquired by Generation Tux), where he said he had to market a product with a six-to-nine month sales cycle, as customers were usually weighing […]

TECHCRUNCH.COMJan 08, 2021

Banking software start-up Mambu raises $135 million at a $2.1 billion valuation

Mambu is the latest financial technology company to achieve the coveted status of

CNBC.COMJan 08, 2021

ADB invests $75m in OrbiMed's fourth Asia-focused healthcare PE fund

Manila-based Asian Development Bank has committed $75m to the fourth Asia-focused healthcare fund of US-headquartered investment firm OrbiMed.

DEALSTREETASIA.COMJan 08, 2021

KEY STAT | China's 'Nvidia rival' Horizon Robotics raises fresh money | KrASIA

The company plans to raise over USD 700 million in its Series C round.

KR-ASIA.COMJan 08, 2021

Baidu picks CLSA, Goldman for secondary listing in Hong Kong

Baidu joins a wave of US-listed Chinese firms in seeking a trading foothold in Hong Kong amid simmering tensions between the world’s two biggest economies. Companies from JD.com to NetEase raised about US$17 billion through share sales in Hong Kong last year, according to Bloomberg’s data.

SCMP.COMJan 08, 2021

Grab may remain unprofitable until 2023; raises over $300 million for financial services arm

Grab has been investing heavily on expanding the financial services business, and may remain unprofitable until 2023 according to Moody's

Alfred LeeJan 08, 2021

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