Indonesia
The ban on TikTok did not affect Bukalapak’s traffic.
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
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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
The company is cashflow positive thanks to proceeds from the disposal of long-term investments.
Bank Jago’s customers more than doubled to over 9m in Q3 2023 from 4.2m in Q3 2022.
Dekoruma’s existing investors include Ondine Capital, OCBC, and Nexter Ventures.
India
Paytm posted an operating profit for the fourth straight quarter.
World
Blackstone said its net profit from asset sales fell 36% to $259.4m.
Singapore
Keppel said net profit for the September quarter was higher, underpinned by its robust integrated power business.
Greater China
The company forecasts net profit for the July to September period at between 9.55 billion yuan and 11.55 billion yuan.
The B2B products marketplace’s losses increased 12% during the year.
Malaysia
CARSOME said its consolidated revenue grew by 250% to $1.5b in 2022.