Money

Spicy hotpot makes Singapore's newest billionaires over $7.6b richer in just first three months of 2019

HONG KONG (BLOOMBERG) - China's insatiable demand for spicy hotpot is placing the founders of a restaurant chain atop one of the world's fastest-growing fortunes, allowing them to outpace many of...

AIDA raises Series A capital from Mastercard, Kuok, SGInnovate; eyes Philippines, Japan

SINGAPORE - Machine learning data analytics startup AIDA Technologies has completed an undisclosed Series A funding round from investors Mastercard, Kuok Ventures and SGInnovate.

More VCs pour into Asean, but await elusive exits

VENTURE funds are pouring into the region at an unprecedented rate as big venture capital (VC) names from China and India jostle to tap on growth in South-east Asia.

AirTrunk raises S$450m to build Singapore data centre

DATA centre startup AirTrunk has raised S$450 million in debt and equity to help build its first Singapore facility as part of a multi-billion dollar plan to become a regional technology...

ShopBack secures US$45m in funding round co-led by Rakuten

SINGAPORE - Homegrown cashback platform ShopBack has raised US$45 million (S$60.9 million) in its latest funding round, with new investors including co-leads Rakuten Capital and EV Growth, as well...

Grab targets US$2 billion more in funding this year

GRAB aims to raise another US$2 billion this year as it ramps up expansion, its chief executive said, just weeks after announcing over US$4.5 billion of funding in what has become South-east Asia'...

Major VC player from Israel plans Asia fund, but says it'll watch out for froth

ONE of Israel's most active venture funding outfits plans to raise between US$30 million and US$50 million with an Asian partner for its first Asia fund in the next 18 months, even as it watches...

Indonesia's ride-hailing firm Gojek joins 'Decacorn' ranks with US$10b valuation

INDONESIAN ride-hailing service Gojek's value was estimated at US$10 billion by a US market intelligence company, putting it in the ranks of startups called decacorns.

Stripe hires PayPal veteran to steer Asia-Pacific business

PAYMENTS startup firm Stripe has hired a veteran from PayPal to head its business in the Asia-Pacific, The Business Times understands.

Liquid, Changi Airport Group to roll out QR platform

HOMEGROWN startup Liquid Group is now looking to be the go-to provider of mobile-payment networks as it partners the Changi Airport Group to roll out an integrated QR ("Quick Response") payment...

Fintech startup KOKU could raise US$10m more after Tencent co-founder's investment

FOREX technology enabler KOKU has secured US$2 million in pre-Series A funding led by Decent Capital, a Chinese angel investment firm started by Jason Zeng, co-founder of Chinese tech giant...