SEA

Indonesia Investment Authority (INA), BlackRock, Allianz Global Investors, Orion Capital Asia, and other leading global financial institutions have signed an agreement to provide a financing facility of $300 million to Traveloka, an Indonesia-based travel and lifestyle platform.

As part of the "employee base optimization", Carsome said it will focus on improving productivity across the business, aligning resources with contributions to the bottom line, and enforcing stricter performance management. This strategy will impact a certain number of employees, who will receive their full severance package and extended health benefits…

Besides Japan, Carro is also eyeing several markets including Australia, Philippines, Vietnam markets, Narushima said.

8020cto, a CTO-as-a-service company, has partnered with AC Ventures by committing to provide engineering leadership solutions for the firm’s portfolio companies.

Alibaba Cloud commits to $1 billion investment to boost ecosystem capabilities while showcasing new products and comprehensive customer support for complete services.

The company’s main objective for the next 12 to 18 months is to achieve positive cash flow as soon as possible.

Orbital Insight, a geospatial analytics and location intelligence solutions provider based in Palo Alto, California, announced Thursday its expansion into Southeast Asia. The firm has recently announced its first partnership in the region with Thaicom, ​​Thailand’s leading satellite operator and provider of integrated satellite communications.

In the interview, Senju also shared his views on the opportunities and challenges he sees in Southeast Asia.

The listing in the US market would be attractive given the liquidity and the diverse investor reach that it can provide, Capital A previously said.

Surge in digital adoption shows no sign of slowing down as three in four expect mobile usage to increase, with Thai respondents leading this trend, a study showed Monday.