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HONG KONG: 58 Home, owned by China’s Craigslist equivalent 58.com Inc, is close to completing a private fundraising en route to a United States initial public offering (IPO) that could value the online services platform at as much as US$2bil, people familiar with the matter say.
MOSCOW: Russia's Sberbank plans to continue its partnership with Yandex even though it has transferred its 'golden share' in the country's leading internet company to another entity, Sberbank's Chief Executive German Gref told Reuters.
For every 100 people in India, there are only three credit cards. A comparable penetration figure for the US is 320.
HONG KONG: The founder of China food-delivery giant Meituan Dianping is having a very good year.
Bangalore: Oyo Hotels and Homes is raising US$1.5bil from founder Ritesh Agarwal, SoftBank Group Corp and other investors as the India lodging startup expands into foreign markets such as the United States and Europe.
STOCKHOLM (Reuters): IKEA reported annual sales above 40 billion euros (US$44bil) for the first time on Wednesday as the Swedish furniture group's push into e-commerce produced another surge in online revenue.
BANGKOK: South-East Asian governments are banding together to take on global tech giants on issues including “fake news” and taxation, marking a new stage in the region’s approach to the Internet’s explosive growth.
SINGAPORE: For Southeast Asia’s largest bank, going digital doesn’t mean tearing down all the bricks and mortar.
KUALA LUMPUR: Lazada Malaysia says it will be ready to embrace digital tax, which the government is considering implementing.
JONATHAN Sudharta was a brawl-prone, unremarkable student who played in a rock band. Friends of his father, a self-made tycoon, feared he’d one day take over the family medical business and ruin it.