China’s Meridian Capital closes its sixth RMB fund at $329m
Meridian Capital had closed its fifth RMB fund at 2 billion yuan in 2016.
Vietnamese social commerce platform Mio raises $1m and other SE Asia deals
DealStreetAsia has put together a table listing out main VC deals in the region this week.
Genesis, Warburg-backed Chinese edtech firm Zhangmen files for US IPO
Before moving towards the IPO, Zhangmen has completed eight funding rounds.
GoTo can propel Bank Jago’s growth, but it has the incumbents to contend with
While the merged entity’s captive market is huge, luring Indonesians to pure-play digital banking is a challenge.
US-based VC firm Goodwater Capital sees Vietnam as a core market in SE Asia
“We’re very impressed with the entrepreneurs in the market,” said co-founder Eric Kim.
How financial services is at the core of Indonesia’s digital economy play
Financial services has emerged as a common thread among many firms in the region seeking an IPO.
SoftBank will be GoTo’s top shareholder with 15.3% stake, followed by Alibaba at 12.6%
They are the only investors with double-digit stakes.
Indonesia’s anti-trust agency to scrutinise Gojek-Tokopedia merger
The combined entity will be the biggest privately held technology firm in the region.