Khamila Mulia
Stories by Khamila Mulia
Malaysian DTC firm RPG Commerce’s revenues halve in FY23; losses widen marginally
RPG Commerce CEO Melvin Chee said the company became profitable in Q4 2023.
ByteDance confirms layoff plan for Indonesia’s e-commerce business
The company said that it "will make necessary adjustments to the internal structure" as part of its strategy.
Just months after raising $21m Series A, SG biotech startup GDMC files for liquidation
The startup's Series A was led by PE firm Celadon Partners in Jan.
Indonesia’s B2B fintech firm Paper.id raises Series B round led by Square Peg
New investor SMBC Asia Rising Fund and existing backer Argor Capital joined the round.
Indonesia’s NWP Property bags $135m syndicated loan led by CIMB Singapore
This is Warburg Pincus-backed NWP's first USD sustainability-linked syndicated loan facility.
ByteDance to cut 450 jobs at Indonesia e-commerce business: Report
The company is said to be cutting staff across various e-commerce teams.
Indonesian tech giant GoTo eyes an affordable ride to profitability
GoTo’s on-demand business is expected to maintain its strong performance in Q2 2024.
SEA Digest: GoTo gets nod for share buyback; TikTok Shop rolls out image search
GoTo first announced a plan for a share buyback initiative of $200m in March.
Asia Digest: Fintech firm Stake, insurtech startup Anterior secure funding
Stake plans to use the new investment to expand into Saudi Arabia this year.
‘Community-centric’ approach helped Amartha grow profits 4x in 2023, says CFO
The company has a 9,000 field workers who connect with potential borrowers in rural areas.
