Indonesia
The company said the discussions did not include a takeover plan.
Nvidia looks to set up a base in Vietnam to develop semiconductor industry
Editor's take: The week that was — Dec 4-9
Gain investor insights by registering for Indonesia PE-VC Summit 2024
Greentech has taken a giant leap in uncertain times, says LeapFrog partner Nakul Zaveri
Europe agrees to landmark AI rules in bid to lead global race
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Philippine fintech startups and old players jockey for digital banking
Doctor Anywhere raises $41m in Series C1 extension round
Warburg Pincus president appointed chairman of US-ASEAN Business Council
GoTo confirms it is in talks with TikTok over a potential e-commerce partnership
Greater China
US-based VC firm Bessemer Venture Partners led the round.
Shopee’s thin lead in market share may come under threat.
This edition also analyses the growth of QRIS in Indonesia and the impact of data localisation.
In a pop-up on the app, the company also said it would compensate users who had overpaid for rides.
The closure of the lab is the latest internal change at Alibaba.
Analysts saw Alibaba’s focus on discounts this year as an attempt to fight back against rivals
India
The group generated negative operating cashflows of S$22m in FY23.
Singapore
The fundraising could value Carro, which has valuation of over $1b, even higher.
Alibaba lost $20b in market value on Friday after it scrapped plans to spin off its cloud and groceries businesses.
