By Fanny Potkin
Makarim confirmed Go-Jek has set up a VC arm, Go-Ventures, as first reported by this portal.
QSR’s top executive declined to comment on the upcoming $500 million IPO, only saying that “work is in progress”.
Flipkart typically generates most of its business during Big Billion Days from high-value categories such as smartphones and large appliances.
Hong Kong-listed Ping An Good Doctor is affiliated to Ping An Capital, one of Grab’s investors in its most recent round of fundraising.
85 Degrees, which has 628 stores in mainland China, was hit by calls for a boycott on Chinese social media after Taiwan President Tsai Ing-wen was photographed on Sunday visiting one of its Los Angeles stores during her visit to the United States.
Khosrowshahi is searching for new businesses. In the last few months, Uber bought a startup that rents electric bicycles, invested in another one that rents electric scooters and went to work on its own scooter-rental business.
Paytm E-Commerce Pvt. Ltd, which runs the online marketplace, achieved $3.5 billion in annualized gross sales in June.
Other Asian investors that joined the round include SoftBank Ventures Korea, Daiwa PI Partners, SKS Ventures, BEENOS, eContext Asia, FPT Group and Beenext.
The city has become an important testing ground for Tencent’s WeChat Pay, and Alibaba’s Alipay, dominant rivals in mainland China
DHL eCommerce, a unit of Deutsche Post DHL Group, is ramping up presence in the Southeast Asian markets it is present in.