Yoolim Lee
Stories by Yoolim Lee
Alibaba said to be in talks to invest $3b in Grab
Alibaba will spend a portion of the funds to acquire some of the Grab stock held by Uber.
Singapore says Grab’s four privacy breaches since 2018 a “cause for concern”
In August 2019, an update of Grab’s mobile app exposed the personal data of 21,500 users.
Founders of Singapore’s Oddle are looking to exit the food ordering app
Oddle has raised $3.7m in the past three years and expects gross profit of $5.8m for year ending March 2021.
How Singapore nurtured foreign trio to build tech biggie Sea Ltd
The number of startups in Singapore has more than doubled in the last decade to about 55,000.
Southeast Asia to see 310m digital consumers by end-2020
Physical distancing measures imposed during the pandemic have accelerated the shift toward online spending.
Swelling optimism boosts SG-based Sea Ltd’s shares by over 880%
Sea’s biggest challenge now may have less to do with execution than with meeting investor expectations.
SoftBank-backed Grab snags $200m from South Korean PE firm Stic Investments
Grab has raised over $10 billion to date including about $3 billion from SoftBank Group.
SoftBank-backed Coupang to buy Hooq assets in Asian video entry
The deal also marks growing consolidation in the segment, after Tencent's acquisition of iflix assets.
Traveloka close to securing $250m at sharply lower valuation
The firm is in advanced talks with Siam Commercial Bank, FWD and existing backers GIC and East Ventures.
Google, Temasek said to be in talks to invest in Tokopedia
Tokopedia has also held financing talks with Facebook, Microsoft Corp. and Amazon.
