Singapore
GIC had invested $140m during LINE MAN’s $265m unicorn round in 2022.
1
Viewpoint: From dot-com to AI—lessons from 25 years of tech booms and busts
2
Capstone Copper investor launches $454m block trade
3
SoftBank's PayPay buys 40% stake in Binance Japan in digital payment push
4
India launches pilot for e-commerce payments via ChatGPT
5
HSBC offers $13.6b to buy rest of Hong Kong's Hang Seng Bank
More Stories
Indonesia’s popular oil balm brand seeks up to $3b valuation in new funding round
SG’s Qapita confirms raising $26.5m in Series B funding
SE Asia Deal Review: Startup funding sees sharp rebound in Sept
Sembcorp to acquire India’s ReNew solar unit to boost renewables portfolio
Vietnam’s stock market upgrade paves the way for more diversified offerings
Indonesia
TikTok completed a deal in Jan 2024 to buy 75.01% of Tokopedia for $840m.
World
ByteDance will own less than 20% to comply with requirements.
India
India currently prohibits foreign e-commerce companies from selling goods directly to consumers.
Greater China
The investigation is aimed at protecting consumers and SMEs, the regulator added.
Sainsbury’s bought Argos in 2016 for 1.1b pounds.
Rest of Asia
The company was eyeing a US IPO at more than $3b valuation.
Blume Founders Fund, 2am VC, Paramark Ventures, and Aditya Birla Ventures also participated.
CityMall last raised $75m in a Series C round led by Norwest Venture Partners in March 2022.
Philippines
General and administrative expenses plunged.
