Indonesia
Thailand and Malaysia led growth with GMV surging 51.8% and 47.6%, respectively.
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Indonesia to double capital threshold for securities firms, some asset managers
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Accel raises $5b fund to back AI, late-stage startups globally
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EQT restarts sale of Chinese contact lens maker Ginko
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India Digest: The Hosteller, Aliste Technologies bag funding
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SoftBank raises $3.56b in bond sale to refinance debt
More Stories
Prosecutors seek 10-year jail term for eFishery co-founder
India: IFC in advanced talks to back LeapFrog-backed diagnostics firm
LIGHThouse Clinic bags funding amid Indonesia’s beauty boom
Cento Ventures leads $4.4m round in Indonesia’s Baskit to scale offline trade
SEA recommerce startup Kitar raises over $10m led by Source Code Capital
Singapore
The company booked an impairment loss of $351.8m on investments in its subsidiaries.
The company has started to explore “open-loop” financial services, Hungate said in an interview.
Greater China
The EU had pressed China over a surge of dangerous products that entered the bloc.
The deal may contribute $60m incremental Adjusted EBITDA in 2028.
The company posted gains linked to its investment in Allo Bank.
The firm’s story of approaching profitability is being powered by its financial services division.
India
The company is aiming to list in Mumbai before March 2027.
Despite this turnaround, the market’s reaction echoed that of the 2023 sell-off.
Revenue for the full year increased 36.3% to $22.9 billion from $16.8 billion in 2024.
