Grab buys Tokopedia’s, Lippo’s shares in OVO
Digital payment giant OVO confirmed the deal earlier this week.
Corporate Buzz
Indebted Chinese developer Evergrande calls for trading halt amid rumours of sale to rival
China’s second-largest developer has been trying to stay afloat amid liabilities of over 1.97 trillion yuan (S$415 billion) since last year.
Indonesian podcast app takes on Spotify with local content
Home-grown audio-streaming app Noice has big plans for 2022 with users willing to spend up to two hours on podcasts.
Vietnamese carmaker aims to conquer European high-end electric
Vinfast plans to launch two new models for France & Germany by 2022.
Retiring Temasek CEO Ho Ching to join Temasek Trust board, take over as chairman
From April 1, she succeeds Mr S. Dhanabalan, who will remain on the board and be designated chairman emeritus.
Evergrande shares swing wildly as bondholders await word on payments
The company looked set to miss its second bond interest payment in a week.
Tatas among multiple bidders for Air India
The Tatas bid was much anticipated although there will be other private sector bidders
Carousell turns unicorn after raising US$100 million for US$1.1 billion value
With this, the online classifieds marketplace joins the list of local unicorns valued in excess of US$1 billion.
Kakao to launch new subscription-based content platform in South Korea
The platform will allow producers to create, edit and publish various forms of content including news, videos, music and texts.
Honda starts to support employees’ new businesses
Honda Motor Co. has embarked on a program to support employees’ attempts to start their new businesses within the company, or even beyond the company as independent start-ups.