Greater China
Tencent said ad sales slumped 18% in Q1 2022.
Asia PE-VC Summit 2022 goes live today. Hear from 85 top speakers
Gulf Capital eyes SE Asian mid-market firms with growth plans in GCC region
Sea's e-commerce division Shopee may lay off more employees in Thailand
KKR-backed PH unicorn Voyager's losses widened in 2021 even as revenue grew
US lawmakers, TikTok hammering out new security plan that would avert sale: report
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General partner Gavin Lee said to be quitting Wavemaker after nearly 8 years
Asia PE-VC Summit 2022 kicks off in Singapore tomorrow. Hear from 85 top speakers
Social commerce platforms tweak their game plan as Indonesians tighten purse strings
Ant Group’s acquisition valued Singapore payments firm 2C2P at over $590m
Line Man Wongnai is Thailand’s latest unicorn after Series B funding
In April, sales of NEVs dropped 61% month-on-month.
Indonesia
Garuda is seeking to slash liabilities of $9.8b to $3.7b under the plan.
Singapore
UFC is gearing up for its fifth event in SG, which is rival ONE Championship’s home turf.
India
The company is planning to expand to more locations in SE Asia.
The company will postpone deliveries of its EVs.
The airline reported a net profit of $62.9m for the quarter ended Dec. 31.
The latest capital infusion brings Ula’s Series B total to $110 million.
Rest of Asia
The airline built up debt during the pandemic.
Ralali is looking for new revenue streams to achieve profitability, before a planned IPO in 2023.
