Investment
SEA needs to collaborate more to grow startup ecosystem: Kejora Group
Collaborate to make policies more open, to encourage technology sharing
Sees investors maturing, now looking at fundamental aspects of company instead of merely market share
Singapore’s Gimmie gets US$700K investment from IdeaRiverRun
Private investment company and incubator IdeaRiverRun (IRR) has announced an RM2.34-million (US$700,000) investment in Singapore-based Gimmie, which provides digital marketing tools such as loyalty and rewards programmes.
Rakuten to acquire minority stake in AirAsia Japan
Tokyo-based Internet services powerhouse Rakuten Inc announced that it has agreed to acquire an 18% stake in AirAsia Japan Co Ltd, the new low-cost carrier (LCC) set to be launched in Japan by AirAsia Inc, Asia’s biggest LCC.
MOL gets royal treatment, Johor Sultan buys stake
MOL Global Pte Ltd has agreed with Sultan Ibrahim of Johor for him to acquire a 15% stake in its wholly owned operating subsidiary, MOL AccessPortal Sdn Bhd for a cash consideration of US$120 million.
With investment from Tokyo firm, VCNC to build Between ‘platform’
South Korea’s VCNC, which develops the ‘couples’ app Between, said that Tokyo Stock Exchange-listed mobile Internet services company DeNA Co Ltd has agreed to make a “strategic investment” in the company.
Rocket’s Zalora adds US$112mil to expansion fund
Rocket Internet’s Zalora has secured a USD112 million in funding, from privately held investor group Access Industries in addition to funds managed by US-based asset management firm Scopia Capital Management LLC and other institutional investors.
