Consumer Economy

The company plans to use the money to facilitate its proposed offshore restructuring and fulfill its obligations under the USD 180 million settlement with the US SEC.

Grab reportedly bought a 4% stake in Indonesia’s conglomerate Emtek, which has strategic interests in e-commerce and payments.

The startup is looking to expand to other cities in Pakistan in the next few months.

Genki Forest CEO Tang Binsen is a programmer and former gaming executive who is looking to shake up the beverage industry.

Shipper is the latest logistics startup to receive tens of millions in investment this year.

The retail cloud business is growing rapidly, adding 3,201 new stores last year and achieving profitability.

Chinese internet companies were ordered to correct malpractices and pledge in written statements that they will operate legally.

The deal is expected to close this month, with Gojek taking a 60% stake in GoTo.