Yoolim Lee
Stories by Yoolim Lee
Golden Gate closes $100m third fund with backing from Temasek, Naver
New investors included Japanese entrepreneur Taizo Son’s Mistletoe Inc. and Korea Venture Investment Corp.
Alibaba’s new boss: The finance vet who quietly shook things up
Jack Ma will step down as executive chairman of Alibaba Group Holding Ltd. in 2019, handing the reins to Daniel Zhang, who became chief executive offi
Ride-hailing giant Grab targets to double revenue to $2b in 2019
It’s on track to raise $3 billion of funding before the end of this year, co-founder Hooi Ling Tan said.
Sea posts wider loss on the back of rising investments in Shopee
Sea's invested heavily to expand into payments, e-commerce, where Shopee takes on Alibaba-backed Tokopedia, Lazada.
Entrepreneurs in North Korea? Not as rare as you would think
Hearty founders have defied a lack of technology and support to start their own ventures.
Go-Jek backers offer $1b in new funding for overseas expansion
Current backers, including Tencent & Warburg Pincus, have discussed providing more funding to the firm.
Refused to sell for $100m, Carousell now said to be worth $500m
After raising $85 million in a recent funding round, Carousell plans to build out its existing markets, which also include Indonesia, the Philippines
PayPal partners with Indonesia’s Alpha JWC to back fintech startups
Alpha JWC will contribute as much as $5 million in funding for PayPal Incubator. After being selected by PayPal and Alpha JWC senior executives in Sin
Singapore’s Sea mulls raising funds for e-commerce unit as quarterly loss triples
The company’s “gross margin will remain pressured and losses will widen as it invests in growth,” Bloomberg Intelligence analysts Matthew Kanter
Grab’s long ride from a KL storage room to beating Uber
With $4 billion raised from investors led by SoftBank, Anthony Tan has turned Grab into a ride-hailing juggernaut.
