But competition is steep as Starbucks has over 1,800 locations in Japan.
PE giant KKR to invest $400m in Malaysian subsea cable services provider OMS Group
DEG commits $25m loan for Silver Dragon Water Supply Group
Chinese coffee chains see Japan as key testing ground ahead of global expansion
Tech-enabled B2B commerce struggles to survive in Indonesia, Vietnam but hope lingers on
Indonesian investment firm Saratoga seeks to build a more sustainable portfolio
Editor’s take: The week that was—Oct 23-28
GoTo-backed digital lender Bank Jago’s profit jumps 24% in 9M 2023
Sequoia Capital marks up the value of 15 funds, writes down four
With funding in purse, From This Island joins starry lineup of beauty brands in Indonesia
SE Asian venture funding in Jan-Sept 2023 retreats below pandemic levels
Several startups in the region are reportedly struggling to keep their bottom lines intact.
The company has become more selective with its investments in tech companies.
A weekly roundup of deals, fundings, earnings, and analyses of SE Asia’s startup ecosystem.
Of the four funds whose valuations were slashed, two are focused on India.
Tencent and Temasek subsidiary Dahlia were among the IPO’s cornerstone investors.
GoTo’s 37.36% slide YTD is much higher than Sea’s 17% fall, or Grab’s 7.51% decline.
Deal volume was the lowest in nearly three years.
The Philippines is the third market for Paywatch, which has a presence in Malaysia and South Korea.
In 2022, the JV lost $30.75m.