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Chinese billionaire Jack Ma, founder of ecommerce giant Aibaba, is going to step down as president of the elite business school he founded after having been caught in a Beijing clampdown on tech titans, the Financial Times reported on May 24.
SINGAPORE (Reuters) - Singapore's Grab more than doubled its valuation to $40 billion in about a year as part of the world's largest SPAC deal, but maintaining that level after its U.S. debut will be a test not only for investors but also for firms eyeing similar listings.
Singapore’s tech unicorn Grab will remain focused on South-East Asian markets even after it goes public in the United States, Vietnam News Agency (VNA) quoted the co-founder and chief executive officer Anthony Tan as saying to Asia Nikkei Review.
JAKARTA (The Straits Times/ANN): Singapore-based ride-hailing company Grab has bought a stake in Indonesian technology and media conglomerate Emtek, a signal that their digital payment firms - OVO and DANA - may be merged.
SHANGHAI (Reuters) -Alibaba Group Holding Ltd
NEW DELHI: Indian food delivery app Swiggy is closing an US$800mil (RM3.28bil) funding round from investors including Falcon Edge Capital LP and Goldman Sachs Group Inc, co-founder and chief executive officer Sriharsha Majety said in a note to employees yesterday.
MANILA (Bloomberg): Philippine central bank Deputy Governor Mamerto Tangonan has long wanted to make electronic money so ubiquitous that one could pay at a street stall via mobile phone. Now he’s leading the bank’s digital drive.
Riding on the success of a cash-generating gaming business, US-listed Sea has invested heavily in its Shopee e-commerce brand and successfully taken on Alibaba's Lazada and other rivals in recent years.
SHANGHAI/HONG KONG (Reuters) - Bitcoin mania has fuelled a surge in fundraising by Chinese companies seeking to expand their cryptocurrency operations or move into the red-hot sector.