Kenneth Lim
Stories by Kenneth Lim
Editor’s take: The week that was — June 15-19
Layoffs continue at the region's high-profile startup and tech companies.
ONE Championship already burning through losses, cash before pandemic
ONE carried a persistently wide margin of loss and a big portion of its trade receivables were overdue.
iflix in talks for sale, adds distress specialists to board after co-founders exit
The crisis at iflix comes after Singtel-backed streaming player HOOQ filed for liquidation earlier this year.
Gojek gets cash and strong backers, but extracting synergies more challenging
Gojek offers its new investors a strong foothold in Indonesia’s mobile economy and access to the country’s leading e-wallet.
Singapore must tweak aid deployment model to reach needy startups, say industry players
Tweaks to be considered include speeding up deployment, expanding the mandate, and focusing on more vulnerable segments.
Kopi Kenangan’s $109m Series B attracted GIC, tripled startup’s valuation to $477m
GIC has previously invested in scandal-embroiled Luckin Coffee.
Grocery startup HappyFresh hits profit milestone as industry rides pandemic’s swell
HappyFresh recorded a net profit in Indonesia in Q1/2020 and expects the same for Malaysia and Thailand by Q3.
Editor’s take: The week that was – May 4-8
China continued to dominate the megadeal market in the week, with car trader Chehaoduo alone bagging $200 million.
Singapore venture investors, startup founders raising funds for low-income families
All of the proceeds raised through the Ray of Hope platform will go directly to Beyond Social Services charity's COVID-19 Family Assistance Fund.
The pandemic repricing arrives for Asia’s ride-hailing players
Uber said it expects to impair the carrying value of minority equity investments by $1.9-2.2 billion in Q1.
