Yoolim Lee
Stories by Yoolim Lee
Singapore’s Sea, dubbed as the Tencent of SE Asia, isn’t really like Tencent at all
Sea was founded by Forrest Li as an online gaming company in 2009 and originally named Garena.
Vertex Ventures raises biggest fund for Southeast Asia, India tech deals at $210m
The fund marks the first time it has raised money from outside investors such as Kasikornbank.
Go-Jek to expand beyond Indonesia, on track to clash with Grab
Go-Jek’s digital payment service will be a key part of its push into new markets.
Temasek VC arm Vertex gets Kasikornbank as investor for new Asia fund
This is the first time Vertex, an early backer of Southeast Asia’s biggest ride-hailing startup Grab, is raising money from a Thai investor.
Uber hires ex-Goldman banker to fire up its Asia business
Brooks Entwistle, who announced his retirement in 2012 after two decades at the U.S. investment bank, will become Uber’s chief business officer i
Shanda founder Chen, the missing China mogul, returns with $1b for brain research
Shanda founder Chen was more prominent than Alibaba’s Jack Ma for much of the last decade
Airbnb to quadruple its China tech team to target rich millennials
Airbnb will grow its technical cohort to over 100 in Beijing, its only engineering office outside the US.
WeWork acquires Singapore’s Spacemob, to invest $500m in SE Asia, South Korea
WeWork is buying Spacemob, a Singapore-based co-working startup founded in early 2016 and backed by Vertex Ventures and Alpha JWC Ventures.
KKR targets SEA’s family businesses with record $9.3b fund
KKR to invest in companies catering to the region’s growing middle class.
SE Asia’s largest online luxury retailer Reebonz to raise up to $150m
To use funds for expansion in China, Japan and South Korea.