Analysis
The company has lined up new models and battery subscription plans to reduce upfront costs.
Bitcoin has completed its halving, CoinGecko says
VinFast draws up grand plans, but can it make inroads in Indonesia?
China to facilitate Hong Kong IPOs and expand Stock Connect
Hong Kong watchdog to investigate PwC audit role in Evergrande
India: Climate-smart deeptech startup Ecozen raises $30m from Nuveen, others
More Stories
Indonesian poultry startup Pitik said to have laid off more than 50% staff
Hong Kong’s Jebsen Capital eyes more M&A opportunities in 2024 to drive inorganic growth
Affinity Equity Partners looks to take South Korea-listed Lock & Lock private
IDX-listed laboratory chain Diagnos to buy DNA testing company Asa Ren for $24m
PE veteran Bert Kwan’s new investment firm backs Vietnamese clinic chain Heli Care
Deals
The company is reportedly seeking guidance from Indonesia’s central bank to operate in the country.
Private Equity
PathGen has raised an undisclosed sum from East Ventures and conglomerate Royal Group Indonesia.
Another startup Chickin, meanwhile, has reportedly finalised an $8m extension round.
Diagnos plans to raise the money from the issue of 921m new shares.
Singapore-based mobility startup SWAT Mobility received $3.8 million this week from several Japan-based investors.
The acquisition of a 15% stake in BSI from BRI is one of the options for ADIB.
Since 2018, Apple has been setting up app developer academies in Indonesia.
Earnings and Results
Waresix generates revenue from services and freight forwarding as well as warehouse rental income.
Carousell acquired Laku6 in July 2022.