GIC
GIC-backed VNG mulls $3 billion SPAC listing – report
VNG’s potential listing plan also came as more Southeast Asian tech firms were planning US listings through mergers with blank-check companies.
Indonesia e-commerce unicorn Bukalapak receives backing from state-owned banks in a $234M venture round
The company plans to use its fresh capital to increase its user base of warungs (mom and pop stores), micro, and small businesses in Indonesia. The company’s strategic partnerships with both state-owned banks will also give its user base access to more products and services that the banks offer.
