Tiket eyes merger with Indonesian e-commerce firm Blibli for IPO
This comes after the former’s plan to merge with a special purpose acquisition company fell through; Tiket is now looking to raise up to US$1B in IPO, but its talks with Blibli are reportedly still ongoing.
SG gaming-focused payments firm Coda Payments to raise funding at US$2.5B valuation
Investors including Advent International and Primavera Capital are reportedly considering taking part in the round; The investment comes amid reports that Coda was exploring a potential sale of the business, a public listing, or a private fundraise.
GoTo shares jump 23 per cent after raising US$1.1B in IPO on IDX
GoTo’s IPO is the third-largest offering in Indonesia after Bukalapak and Mitratel and brought its valuation to about US$32B; Last week, GoTo introduced the Gotong Royong Share Program and allocated over US$20M to driver-partners.
Vietnamese EV maker VinFast eyes US$2B raise in US IPO
The offer’s size and price range are not yet set, but it could happen in the latter half of 2022, said Le Thi Thu Thuy, CEO of VinFast; The development comes as VinFast looks to build its first North American factory.
China to regulate internet giants’ algorithms
The country’s internet watchdog will conduct on-site inspections of internet firms and review their services in a move to crack down on the potential abuse of algorithms; Tencent, Alibaba, JD.com, and ByteDance are some of China’s top internet giants.
Indonesia’s next chapter: The rise of counter-position companies
In the world of startups and venture capital, Indonesia holds a massive market potential for growth with the right cords of digitalisation.
TiTi Protocol secures US$3.5M
Investors include The Spartan Group, SevenX Ventures, Incuba Alpha, DeFi Alliance, and Agnostic Fund; TiTi Protocol is a fully decentralised, multi-asset reserve-backed, use-to-earn algorithmic stablecoin that aims to provide diversified and DeFi services.
Jungle leads Series A round of Indian trading platform FnO
Other investors in the round are Utsav Somani, TPG Capital’s managing partner Ganendran Sarvanathan; FnO operates a futures trading platform that allows users to trade in currencies, stocks, indices, and commodities.
LongHash Ventures launches first-ever Terra blockchain accelerator
LongHashX Cohort 8 participants can get US$200K in upfront investment and up to US$300K in additional capital after completing the programme; LonHash earlier launched similar programmes with other blockchain companies.
AgFunder-backed GROW Impact Accelerator reveals its latest cohort
Two of the 1o startups are from SEA; They are Mycotech Lab from Indonesia and Tepback from Vietnam; The cohort was picked from over 360 applicants hailing from 78 countries.
SEA is among the highest adopters of mobile banking: study
The study by Entrust shows only 23% of respondents in Singapore and 9% of respondents in Indonesia indicated using their personal computers to do their banking most of the time.
Why should we embrace the future of cryptocurrency?
It can represent a new, decentralised medium of exchange that is inclusive, safe and secure. Cryptocurrencies like bitcoin have already proven themselves useful for money movement and speculation.
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