Investment

Due to increased regulatory scrutiny in China, SoftBank is turning to Southeast Asia in hopes of turning the next unicorn into a multi-billion dollar company.

Oyo’s valuation had dropped to USD 8 billion in mid-2020 amid the COVID-19 pandemic, from USD 10 billion in November 2019.

Beijing’s crackdown on US-listed tech stocks spells trouble in vital market.

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.