On the surface, this region seems predestined for an app similar to the latest Chinese e-commerce disruptor. But once you look deeper, challenges outweigh the potential — for now.
The company behind Chinese news aggregator Toutiao, and short video apps Douyin/Tik Tok, is apparently seeking a new funding round at a US$75 billion valuation.
Indonesian conglomerate Lippo’s corporate venture arm Venturra Capital has just announced a US$15 million seed fund to invest into early-stage startups, as the firm now looks to draw on its pre