Indonesia's two online tech giants have officially merged to form a new entity GoTo, which represents an "equal union" between both companies and an ecosystem that accounts for 2% of the country's GDP.
Southeast Asian mobile platform has inked a merger deal with Altimeter Growth in what is touted to be the biggest US equity offering, at $39.6 billion, and is preparing a public listing on Nasdaq in "coming months".
Backed by investors that include Sequoia Capital and Temasek Holdings, Pine Labs has acquired the mobile payment app for $45 million, which will put the latter in the hands of consumers across 3,700 Indian cities by year-end.
Chinese e-commerce giant has been issued a record 18 billion yuan ($2.77 billion), an estimated 4% of its 2019 revenue, financial penalty for breaching anti-monopoly regulations and "abusing market dominance".
After running trials in Hong Kong and Kuala Lumpur, the carpooling app platform now wants to focus its attention on its domestic Singapore market where it hopes a targeted IPO in 2022 will fund its ambition of growing its user base and product offerings.
Government outlines its strategy to build up the country's footprint as a global e-commerce hub, which focuses on strengthening key underlying infrastructures such as 5G, logistics, and payment.
Annual production of new bank notes, to facilitate the gift-giving tradition marking the Lunar New Year, is estimated to be some 330 tonnes or the equivalent of charging 5.7 million smartphones in Singapore for five days.
American retail chain appears ready to pull out of the Japanese market after it announces plans to sell 85% of its shares in local supermarket chain, Seiyu, to Rakuten and KKR.
Partnership will give the international hotel group access to Grab's 'sizeable' customer base and integration with the latter's mobile platform across food delivery, payments, transport, loyalty programmes, and advertising.
Chinese e-commerce giant forks out $3.6 billion to acquire a controlling stake in supermarket operator Sun Art Retail, further driving its "new retail" strategy of melding online and offline platforms.