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News until Dec 27, 2019

Vietnam’s Bus Booking Startup Vexere secures funding from Access Ventures

Vexere has raised an undisclosed amount of funding from Woowa Brothers, Ncore Ventures, and Access Ventures.

Ismawati AsmatDec 27, 2019

Indonesia’s Ruangguru bags $150 million in Series C funding

Indonesian edtech startup Ruangguru has secured $150 million in Series C funding led by General Atlantic and GGV Capital.

Ismawati AsmatDec 26, 2019

China's Energy Monster secures $71.5 million — looks to expand its operation

The battery-sharing firm leveraged China's massive market of 305 million power bank rental users in 2019.

Syamil FaisalDec 26, 2019

Indonesia Customs Office: Import Shipment Valued At $3 Or More Must Now Pay Import Tax

This move aims to control purchases of cheap foreign products and protect small domestic firms.

Ismawati AsmatDec 26, 2019

Indonesia’s Untar partners with GoPay to introduce QRIS payment on campus

Tarumanagara University (Untar) and GoPay have signed a partnership for the implementation of the QRIS-based integrated payment system within the campus area.

Ismawati AsmatDec 25, 2019

India's Peoplestrong acquires SaaS platform Qilo — strengthening its HR offerings

Peoplestrong sets to leverage Qilo's workforce performance management solutions.

Syamil FaisalDec 24, 2019

Facebook acquires cloud gaming startup PlayGiga

Facebook has acquired Spanish video gaming firm PlayGiga in a bid to gain footprint into the cloud game streaming market.

Ismawati AsmatDec 24, 2019

Indonesia’s Kopi Kenangan receives funding from Jay-Z and Serena Williams

Kopi Kenangan announced that it had received Series A extension funding participated by Jay-Z and Serena Williams.

Ismawati AsmatDec 24, 2019

Lightspeed and Sequoia bag $400-500 million profit from selling OYO shares

OYO's founder Agarwal aims to increase his stake in the company

Syamil FaisalDec 23, 2019

India’s Open Secret receives funding from Matrix Partners

Open Secret, a Mumbai-based food and beverage startup, has secured an undisclosed amount of seed funding led by Matrix Partners.

Ismawati AsmatDec 23, 2019

Facebook to build its own OS

Facebook is developing its own operating system from scratch in an effort to lessen its dependence on Android and iOS.

Ismawati AsmatDec 23, 2019

Indonesia’s LinkAja introduces new CFO

Indonesia’s e-money platform LinkAja introduces Ikhsan Ramdan as its new Chief Financial Officer.

Ismawati AsmatDec 20, 2019

Co-working space provider WeWork secures $1.75 billion funding from Goldman Sachs Group

WeWork announced on Tuesday that it has secured $1.75 billion in new financing in a fundraising push led by Goldman Sachs Group Inc.

Ismawati AsmatDec 20, 2019

Vietnam sets a winning fintech growth model for Southeast Asia

Its government plays a huge role in the country's fintech hub emergence.

Syamil FaisalDec 19, 2019

Indonesia’s GDP growth to further decline to 4.7 percent in 2020

Moody’s Investor Service said Indonesia’s gross domestic product is expected to grow by only 4.9 percent this year and further decline to 4.7 percent in 2020.

Ismawati AsmatDec 19, 2019

Indonesia’s Gojek shuts down 5 services in GoLife

Stagnant business performance has pushed Gojek to shut down 5 of its GoLife services.

Ismawati AsmatDec 18, 2019

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