SEA
Malaysia’s Carsome acquires majority stake in Singapore integrated automotive firm CarTimes Automobile
Malaysia-based integrated car e-commerce platform Carsome Group Pte Ltd (Carsome) announced Thursday the acquisition of 51 percent stake in Singapore integrated automotive firm CarTimes Automobile Pte Ltd (CarTimes). Carsome said the acquisition is an important move that further strengthens its market leadership in the region, and reinforces its commitment…
Starbucks partners with Grab to enhance Starbucks experience for customers in Southeast Asia
Starbucks announced Wednesday an integrated partnership with Grab across six markets, including the Philippines, Thailand, Singapore, Malaysia, Indonesia, and Vietnam. The partnership will provide customers across Southeast Asia with a seamless Starbucks Experience, allowing them to earn Starbucks Rewards benefits on purchases through Grab, have more ways…
Malaysia’s drone tech hub ambition: Opportunities & Challenges [Part 2]
In Part 2, we focus on the challenges faced by drone tech startups, the Malaysia government’s initiatives to support the industry and some suggestions from drone tech companies.
Singapore’s PropertyGuru to debut on NYSE on Friday
The merger proposal was passed on Tuesday (March 15) at the extraordinary general meeting of Bridgetown 2.
Malaysia’s Carsome buys 51% stake in Singapore used car dealer CarTimes for $60M – report
The news comes as Carsome is said to be preparing for an initial public offering in the US later of the year.
Grab’s top execs extend stock lock-up period as share price tumbles
Grab said it believes that "this extension is a reflection of the continued, collective belief by the members of the Executive Committee in the business fundamentals and prospects of Grab".
[Updated] Indonesia’s GoTo to raise $1.25B in local IPO – report
GoTo, a merger of ride-hailing giant Gojek and e-commerce firm Tokopedia, said it plans to sell up to 52 billion Series A shares and set a price range of 316 to 346 rupiah per share.
Gojek integrates MoMo’s e-wallet on the Gojek app in Vietnam
Two super apps Vietnam's MoMo and Indonesia's Gojek, announced Monday a strategic partnership, which will see MoMo become the first e-wallet to be integrated in the Gojek app in Vietnam. Gojek and MoMo will combine the technological strengths and wide-reaching ecosystems of the two platforms, aiming to accelerate the use of cashless payments and provide a…
Singapore’s MedTech startup Stratificare plans to raise $12M Pre-Series A round
The Pre-Series A funding round came after its Seed round in October last year. StratifiCare has secured close to S$1 million ($734,634) in an oversubscribed Seed round from investors including Asian Development Bank Ventures, Sprout, PatSnap CEO Jeffrey Tiong, and Carousell CEO Quek Siu Rui.
AirAsia Parent Capital A unable to get $120M govt-guaranteed loan
Capital A is exploring other available debt financing alternatives with acceptable terms suitable to the operations and financing requirements of the company.
