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Earnings and Results

Carro cuts losses by 92% in FY24, secures funding from Korea’s Woori

This is Woori’s first late-stage deal in SE Asia.

Fast fashion retailer Shein doubles profits in 2023 to $1.3b

The firm also improved its net profit margin last year.

Chinese food delivery giant Meituan beats Q3 revenue estimates

Meituan posted a 22.4% rise in Q3 revenue, defying sluggish Chinese consumption.

China’s Didi reports Q3 rebound from regulatory crackdown

Travel demand in China has shown signs of a recovery, though economic growth is sluggish.

India competition watchdog to investigate Google’s gaming app policy

The move compounds Google’s regulatory headaches in India.

Vietnamese e-commerce firm Tiki narrows losses by 30% in FY 2023

The lower losses came despite a roughly 36% fall in revenues

VinFast’s net loss narrows 14.8% to $550m in Q3 2024

VinFast’s revenue grew nearly 50% to reach $511.6 million in Q3 2024.

Indian social media unicorn ShareChat’s revenue surges 33% in FY2024

The startup said it reduced its losses by taking a series of cost optimisation measures in the past.

Singapore medtech firm Vivance reports higher losses in 2023

Vivance is backed by Lion X Ventures and Vickers Venture Partners.

Google-backed Glance narrows losses in FY24 driven by India, SG growth

Revenue from India more than doubled to $38.8m.