Investment

Hefei’s playbook involves active scouting, fiscal benefits, and a steady stream of incentives for workers to entice major tech companies.

The deal values the company at USD 2.88 billion and is part of the Series F round it kicked off in April when it raised USD 502 million from Tiger Global, Snap, and Twitter.

Analysts believe that tech stocks such as Bukalapak will lure young retail investors and inspire other internet companies to hit the local capital market.

Sovereign wealth fund posts best performance since 2015 amid cautious optimism.

Antler has backed 90 startups in Southeast Asia since its first Singapore cohort in July 2018.

Lenskart predicts the combined opportunity for eyewear in Southeast Asia and the Middle East to reach USD 15 billion by 2025.

Pratilipi and Krafton are set to start working on finding IPs that can be translated into global gaming franchises.

State-owned investor takes early bets by creating its own companies.