Novakid allows kids to learn English. Its largest markets are Poland, Spain, Turkey and Russia.
People Digest: Nio’s Jack Cheng leaves role; Pomelo hires ex-Lazada CMO
Singapore’s Blue Planet acquires Malaysian waste management firm Globecycle
Deal activity in India’s roads sector gathers steam as foreign investors buy up assets
S Korean activist fund KCGI keen to buy controlling stake in Asiana Airlines
Japanese PE Longreach Group exits Nippon Outsourcing
Indonesia’s Protelindo, Telkom Group in talks to buy Indosat Ooredoo’s tower assets
Indonesian beverage chain startup Goola raises $5m from Alpha JWC Ventures
Harvard duo founded Indonesian P2P lender Modalku rises in booming market
DSG Consumer Partners nears final close of third fund at $65m hardcap
Venture debt gains ground as attractive funding option for startups
In 2017, MrSpeedy forayed into Southeast Asia by making Indonesia as its first base.
WeWork is the inevitable outcome of the last decade of technology and financial development.
IPOs & Markets
From time to time over the past several years, Neumann borrowed company money several times.
Uber has lost 24 per cent of its value since it began trading.
OTPP could triple its current Asia headcount of around 25 people and is considering opening offices in Mumbai and Singapore.
The company lost more than $900 million in the first half of 2019, up 25% from a year earlier, even as its revenue doubled to $1.54 billion.
The Asian unicorns Palm Drive has backed include HK fintech Welab and Beijing’s Bitmain.
The San Francisco-based company has put a pause on hiring new software engineers and product managers.
WeWork is looking to raise more than $3.5 billion, which would make it the second-largest U.S. IPO this year.
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