NewsSEA to offer $400m convertible notes after losses tripled in Q1Tencent will buy up to USD50 million worth of the notes. 1 min read
Plus, Douyin taps into e-commerce. Amazon to bring its staffless stores to two more cities. NewsKrASIA Daily: Sea may raise funds amid widening losses3 mins read
AVANA’s co-founder, Yien Yee, has also been recently selected to be a part of Alibaba’s e-Founders Fellowship Programme. NewsDeals | Gobi Partners Leads $1M in Malaysian AVANA’s Pre-A Round2 mins read
Plus, NIO is reportedly planning for a US IPO. Uber’s Frances Frei is leaving the company. NewsKrASIA Daily: Pony Ma, Tencent founder and CEO, is now the richest Chinese4 mins read
Gobi Partners has raised nine funds to date, and has invested in over 170 portfolio companies across China and ASEAN. NewsDeals | Gobi Partners Leads a RM4 million Pre-Series A Investment in Zoom3 mins read
Gobi Partners currently has three ASEAN-oriented funds. Overall, the firm has invested in 172 startups in China, Hong Kong and Southeast Asia. Gobi Partners expands ASEAN team with two new VPs2 mins read
Plus, Uber lost records on 57 million customers and drivers. License for online microloan is expected to become extremely expensive in China. NewsKr-Asia Daily: Garena’s parent company Sea’s loss more than doubled in the third quarter2 mins read
