The investment marks Jungle Ventures’ first foray into the mobility sector, a vast emerging market in Southeast Asia that awaits the maturity of battery-charging infrastructure.

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

Financial centers like Singapore are in a race to attract new digital money businesses.

Accumulated losses reach USD 10 billion; Singapore company raises Myanmar risk.

The company launched its first game through Douyin just 2 years ago and is aiming to expand its reach in the market.

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

Bukalapak has reportedly hired Bank Mandiri’s securities arm to seek a merger with a US-based blank-check company.

Once the final close is completed, Openspace will have USD 625 million in committed capital across four investment vehicles.