India
DealStreetAsia had reported in Feb that the two fintechs are looking to deepen ties.
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China's Nexchip Semiconductor targets $890m Hong Kong share sale
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Zhipu AI looks to raise $4b from HK share sale as stock surges
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Flip announces strategic partnership with India's Paytm
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India: Elevate Education raises $18m from PE firm WestBridge Capital
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S Korea's Rebellions eyes IPO next year, followed by potential US listing
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Vietnam
Tiki and Sendo lost ground to foreign rivals like Shopee, TikTok Shop, and Lazada.
Info Edge has acquired a stake of 2.2% in Udaan.
The funding also saw participation from Turner Morrison consortium.
Singapore
Garena’s latest AI-linked bets follow a lull after its investment spree around 2021 to 2022.
The development comes ahead of the company’s merger with upGrad.
Rapido has been valued at $3 billion on a post-money basis.
Greater China
Revenue was buoyed by government subsidies for electronic goods.
Indonesia
Currently, commission taken from drivers for each trip is capped at 20%.
Amid the cheers, the durability of GoTo’s profitability remains the key question.
