Indonesia
Blibli’s take rate increased to 6.3% in Q1 2024, compared with 4.9% in Q1 2023.
South Korea's Naver yet to take a call on future of Japanese LY Corp stake
Asia’s new world of climate investing needs philanthropists, creative finance, and a lot of time
Indonesian coffee unicorn Kopi Kenangan serves up new brand for mass market
India: Big-ticket venture debt deals take a hit as investors raise the bar
Vietnam-based ABA Cooltrans puts $7.5m debt to ADM Capital in cold storage
More Stories
Warburg Pincus weighs partial exit from Indonesian real estate platform NWP Property
Indonesian conglomerate Astra eyes aggressive EV push in next two years
India: Zepto-backer Stride Ventures closes third fund at $165m, lower than Fund II
Recommerce platform ReturnKey raises Series A funding
SG hot pot restaurant operator Super Hi files for $100m US IPO
World
KKR’s PE portfolio appreciated 5%, opportunistic real estate funds gained 1%, and leveraged credit funds added 3%.
Greater China
The firm posted its weakest quarterly profit growth since 2022, while revenue growth slowed to a nearly 4-year low.
Bukalapak attributes the performance to top-line growth, thriving take rate and excellent cost control
The firm has signed a deal to sell its logistics and delivery businesses.
Alphabet and Microsoft ignited a rally in tech stocks on Friday.
The NPL ratio stood at 0.6%, way below the industry average of 2.3%.
Marketing expenses, which rose 76% YoY, were among the company’s biggest costs in 2022.
Singapore
Atome BNPL turned profitable in Q1 2024.
Blackstone’s net profit from asset sales fell 25% to $293.3 million as it cashed out fewer assets across its PE and credit portfolios.