Earnings and Results
Gaming remained Bukalapak’s largest business, accounting for around 85% of total Q2 revenue.
1
Bukalapak extends positive EBITDA streak in Q2 despite first-half net loss
2
Pine Labs posts 4x jump in Q1 profit as digital payments adoption rises in India
3
India court orders winding up of Paytm Payments Bank
4
Swiggy names Nandita Sinha as CEO of quick commerce arm Instamart
5
Keppel tops S$100b FUM ahead of schedule on strong fundraising
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Shein will struggle to justify up to $50b Hong Kong IPO valuation
Revenue from operations rose 19.6% in the quarter.
Policy & Regulations
A former SBI executive has been appointed as the official liquidator.
People
Sinha is the former CEO of Indian fashion e-commerce firm Myntra.
Analysis
Keppel has set a target of S$200b in funds under management by 2030.
Indonesia
The board is a grouping of financial authorities led by the finance ministry.
India
The fund is targeting a corpus of $135 million.
Singapore
Bank of Singapore said demand for alternative investments is rising.
Bank Indonesia has been under pressure to support President Prabowo’s growth agenda.
Rize has completed a $20m equity allotment that more than tripled its post-money valuation.
