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Grab aims to solidify position in market with stake in Emtek, eyes potential partnerships with Bukalapak and Dana

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

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The company currently operates in the US cities of San Diego and Tucson.
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KEY STAT | Driverless truck developer TuSimple debuts on Nasdaq
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The startup is looking to expand to other cities in Pakistan in the next few months.
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Bazaar launches digital ledger app Easy Khata, 100,000 merchants sign on in less than two months
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In less than four months this year, 11 startups have become unicorns.
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SoftBank in talks to lead USD 250 million round in India’s banking tech startup Zeta
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Tencent abandoned plans to acquire iQiyi due to tightened anti-monopoly regulations.
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Tencent merges video teams to draw eyeballs away from Douyin and Kuaishou
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WM Motor now operates in a crowded sector packed with recognizable names like Baidu, Xiaomi, and Didi.
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EV maker WM Motor pulls out of Star Market IPO, report says
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Shipper is the latest logistics startup to receive tens of millions in investment this year.
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Indonesian logistics company Shipper bags USD 63 million in Series B funding
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Financial centers like Singapore are in a race to attract new digital money businesses.
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Coinbase’s IPO is making headlines, but the real crypto action is in Asia
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The retail cloud business is growing rapidly, adding 3,201 new stores last year and achieving profitability.
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KEY STAT | Retailer Suning expects to turn a profit in Q1
1 min read