Startups
Uber gets a $10 billion ride with Softbank
Uber is on the verge of its biggest ever funding round after approving SoftBank’s bid to buy a sizeable stake
Uber is on the verge of its biggest ever funding round after approving SoftBank’s bid to buy a sizeable stake.
The deal looks set to allow Softbank and an array of other investors to buy a US$10 billion stake in the ride-hailing firm, reports Bloomberg this morning.
Here’s how Uber, Softbank, and its rivals stack up after this game-changing investment:
This post Uber and the ride-hail funding war appeared first on Tech in Asia.
Startups
Vietnam Loship secures investment from Skype co-founder
This capital injection marks Loship as the first portfolio company of MetaPlanet in Vietnam and Southeast Asia.
Hanoi (VNS/VNA) – Loship, Vietnam’s fast-growing one-hour-delivery e-commerce startup, has announced its latest investment from Skype co-founder Jaan Tallinn.
(more…)
Startups
Traveloka to launch financial services in Vietnam and Thailand
Traveloka, which says it has 40 million active monthly users, is developing “buy now, pay later” services for Vietnam and Thailand.
Indonesian company Traveloka and Southeast Asia’s largest online travel startup, plans to launch financial services in Vietnam and Thailand as it eyes a listing in the US, its president said.
(more…)
Thai baht becoming the region’s worst-hit currency in COVID pandemic
According to data from its tourism ministry as well as the World Bank, Thailand had only a little over 34,000...
Asia’s slow rate of vaccination is a thorn in the region’s economic recovery
Southeast Asia has been hit badly. Daily infections for Indonesia, Thailand, Vietnam are at their worst, on a seven-day moving...
TAT expects 850 billion baht ($25.7 bln) in tourism revenue after successful reopening
The Tourism Authority of Thailand (TAT) has set this year’s revenue target at 850 billion baht, 300 billion of which...
Download 1xBet mobile and play all over the world
Placing profitable bets or playing in a casino is now possible comfortably even without being tied to a computer. It...
3 ways Asia can recover from the COVID-19 pandemic faster
Countries in the East Asia and Pacific region will benefit from cooperation in three major areas: vaccine deployment, reviving sectors...