Greater China
Alibaba, JD.com and Meituan have pledged almost $28b combined to subsidise one-hour delivery.
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Unpredictable cargo demand, Air India financials bring down SIA's profits in Q1
2
Malaysia's MMC Port finalising cornerstone investors with eye on $1.5b IPO: report
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India Digest: EatClub, Namo Realtech raise funding
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India's Yali Capital closes $104m maiden deeptech fund
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SG unicorn Carousell narrows losses in 2024 on higher ad revenue
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Indonesia’s INA aims to make up for delayed investments in H2, says CIO
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GudangAda buys out pandemic-era VCs in coordinated exit as $137m B2B model unwinds
India
Myntra has raised nearly $192m from foreign investors.
Indonesia
The B2B commerce platform’s cap table is now dominated by the founder-family and Alpha JWC.
Zomato’s parent reported a 90% slump in consolidated net profit.
Vietnam
VinFast raised $510m, while Vincom Retail secured commitments for $240m.
Rest of Asia
Riyad Capital anchored the financing that valued Ninja at $1.5b.
The latest fundraise brought Jumbotail’s total capital raised to $263 million.
Lightspeed is now the top shareholder in the B2B firm.
The service is currently live only in the national capital region and Bengaluru.
Alleged fraud estimated to have caused losses of around $2.4m.
