Gojek’s drivers in Singapore will have to pay higher service fees to the tech company next year, the company announced on Monday, citing improved demand and strong overall recovery from the pandemic. “As Singapore continues to recover strongly from the pandemic, with more people using ride-hailing services, it is prudent for us to review our… Continue reading Gojek plans to increase Singapore drivers’ service fee from Feb; cites higher demand
Author: Deal Street Asia Online News
Hong Kong-based COVID-19 testing firm Prenetics buys ACT Genomics
Hong Kong-based Prenetics Global Limited is buying a majority stake in ACT Genomics, a Nasdaq-listed company specialising in precision oncology in Asia, as it looks to build an ecosystem extending beyond COVID-19 testing. Prenetics, which went public in May through a $1.7-billion SPAC merger with Artisan Acquisition, has agreed to pay $20 million in cash… Continue reading Hong Kong-based COVID-19 testing firm Prenetics buys ACT Genomics
GLP rides strong e-commerce demand in China amid trade headwindsInvestor interest in logistics assets is still strong given their resilience, says GLP…
Singapore-based real estate logistics heavyweight GLP has garnered over $4 billion for its China logistics funds in November alone, even as the country’s zero-COVID policy is hurting international trade and the logistics sector. At a time when China’s exports and imports hit the rocks for the first time in more than two years in October,… Continue reading GLP rides strong e-commerce demand in China amid trade headwindsInvestor interest in logistics assets is still strong given their resilience, says GLP…
The LP View: Five investor perspectives that matter for the year ahead
The risk appetite among global institutional investors has declined amid the market dislocation, slowing growth, and higher interest rates. Investors DealStreetAsia spoke to this past year have already become more circumspect about allocations and cautious about the outlook for 2023 and beyond. Go to Source
Despite regulator’s go-ahead, IPOs of several Indian startups hang in the balance
Several big Indian startups, which have received the market regulator’s go-ahead for an initial public offering (IPO), are seeing a delay in their listing plans thanks to bleak market conditions and depressed valuations. In 2022 so far, only two startups — logistics company Delhivery and startup intelligence and analytics platform Tracxn — have listed on Indian… Continue reading Despite regulator’s go-ahead, IPOs of several Indian startups hang in the balance
Alt protein VC Good Startup eyes 10 investments, targets bigger fund in 2023
Alternative protein is one of the sectors heavily impacted by the funding winter but that doesn’t mean that innovation has stopped in the sector, according to Gautam Godhwani, managing partner of Good Startup, a Singapore-headquartered alt protein-focussed venture capital firm. Good Startup plans to invest between $500,000 and $1 million each in up to 10… Continue reading Alt protein VC Good Startup eyes 10 investments, targets bigger fund in 2023
SEA Digest: Venteny makes IDX debut; Payoneer bags MAS licenceVenteny plans to put 42% of the IPO proceeds into its P2P lending subsidiary.
Indonesian employee benefits and fintech solutions provider Venteny on Thursday made its listing debut, raising $21.68 million, while US-based payment major Payoneer secures payment licence from Monetary Authority of Singapore (MAS). Indonesia’s Venteny raises $21m in IPO Indogen-backed employee benefit and fintech solutions PT VENTENY Fortuna International (Venteny) on Thursday listed on the Indonesia Stock… Continue reading SEA Digest: Venteny makes IDX debut; Payoneer bags MAS licenceVenteny plans to put 42% of the IPO proceeds into its P2P lending subsidiary.
Private investments in Vietnamese real estate fizzled out after H1 this year
The Vietnamese real estate market, especially the industrial and residential segment, began 2022 on a strong footing, with private equity and real estate funds sealing multi-million-dollar deals. However, the momentum fizzled out in the second half of the year as investors grappled with the fallout of rising global interest rates and other macroeconomic headwinds, besides… Continue reading Private investments in Vietnamese real estate fizzled out after H1 this year
Goldman Sachs to lay off up to 4,000 people: Report
Goldman Sachs Group Inc will lay off up to 4,000 people as the Wall Street bank struggles to meet profitability targets, news platform Semafor reported on Friday, citing people familiar with the matter. Managers across the firm have been asked to identify low performers for what could be a cut of up to 8% to its… Continue reading Goldman Sachs to lay off up to 4,000 people: Report
Alibaba co-founder Joseph Tsai to reduce stake in company
Alibaba co-founder and executive vice chairman Joseph Tsai has indicated he plans to sell part of his stake in the company through Morgan Stanley, Bloomberg News reported on Friday. A holding company for Tsai filed this month to sell 3 million of the Chinese firm’s American depositary receipts – which make up roughly 8% of his… Continue reading Alibaba co-founder Joseph Tsai to reduce stake in company