Singapore
However, the company will not return to breakneck spending, says Forrest Li.
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The company now expects Shopee to clock full-year GMV growth of 25%, up from the initial estimate of 20%.
India
Earlier, Swiggy had sold its 12% stake in the company for about $270m.
Grab has moved past survival mode to settle into a steady rhythm of profitability.
Broking’s share of revenue fell to 79.5% in the June quarter, from 87.4% a year ago.
The deal marks an exit for the SG-registered company’s VC backers.
Indonesia
For now, fintech remains a bright spot for GoTo.
After years of highs and setbacks, Sea charts its path to profitability amidst rising competition.
Greater China
The e-commerce firm has integrated the chat assistant into its Quark app.
Existing shareholders Elevation, Peak XV, Venture Highway and others will sell 175.7m shares.
