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J&T Express, an Indonesian courier company, is considering a U.S. initial public offering that could raise more than $1 billion, according to people familiar with the matter.
Firm muscling into food delivery and financial services
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.
Indonesia: Bank Jago to extend loans to merchants without collateral but with digital proof showing viable business
Indonesia's first full digital bank contender Bank Jago, which is set to sell an equity stake to Singapore sovereign wealth fund GIC, will soon launch its app, paving the way for it to start extending loans to eligible online merchants.
SINGAPORE: Grab Holdings Inc is exploring going public in the US through a merger with a blank-cheque company as the South-East Asian ride-hailing and delivery giant seeks to expedite its listing process, according to people familiar with the matter
Here's a look at the news highlights from Asean countries in the Star-AseanPlus section for Tuesday(March 8)
Gojek invests in Indonesian e-wallet firm LinkAja, says statement; merger with Tokopedia also in line
Gojek has invested in Indonesian state-backed e-wallet company LinkAja which will now be a payment option on its app, the ride-hailing and payments firm said in a statement on Tuesday.
Bank Jago will begin offering some banking services via mobile app this month before extending full-fledged products including loans, securing early-mover advantage in Indonesia’s booming digital banking industry.
SPECIAL purpose acquisition companies or SPACs have become a hot trend on Wall Street.