Startups

Grab exploring spinning off financial services business: Sources

SINGAPORE (REUTERS) - Singapore-based ride-hailing company Grab has mandated a few banks to approach potential investors to take minority stakes in its financial services business as it looks to spin...

Chinese investment in US startups peaks but 'tremendous uncertainty' ahead

[SAN FRANCISCO] Chinese investors maneuvered around heightened geopolitical tensions to make record-level investments into US startups in 2018, but increasingly hostile conditions will likely lead...

GIC-backed Luckin Coffee seeks to raise up to US$510m in US IPO

SAN FRANCISCO (BLOOMBERG) - Luckin Coffee Inc, the ambitious startup that is challenging Starbucks Corp in the race to dominate China's growing coffee culture, is seeking to raise as much as US$...

Grab's super app goal calls for good grasp of holding on to users

ONCE a simple ride-hailing startup, Grab today is a dominant unicorn that wants to be no less than the operator of a "super app". But to succeed in its goal, the company may need to figure out how...

LG scion named Honestbee's interim CEO as co-founder quits

Chief executive and co-founder of Honestbee Joel Sng has resigned from the company, and Mr Brian Koo, whose family controls South Korea's tech giant LG, is its interim CEO and board chairman.

Honestbee says suspending some overseas operations, cutting global headcount all part of ongoing review

A company spokesman said the review was necessary to help the company focus and align its regional business and to enable it to better meet its customers' needs.

honestbee may face tough search for buyer

HONESTBEE could struggle to find a buyer amid reports that it is facing a cash crunch and looking for suitors, industry observers said.

China's rocket startups go small in age of 'shoebox' satellites

DURING initial tests of their 8.1 m tall reusable rocket, Chinese engineers from LinkSpace, a startup led by China's youngest space entrepreneur, used a Kevlar tether to ensure its safe return....

Downturn could pare appetite of corporate venture capitalists

THE recently-crowded field of corporate venture capital (CVC) could face a reckoning if global economic conditions sour, industry watchers caution.

HR platform Swingvy raises $7m in Series A round led by Samsung Ventures

SINGAPORE - Human resources (HR) platform Swingvy has raised $7 million in a Series A round led by Samsung Venture Investment Corporation (Samsung Ventures), Samsung Group's venture capital...