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TNB Aura closes $22.7M fund to bring PE-style investing to Southeast Asia’s startups – TechCrunch

TNB Aura closes $22.7M fund to bring PE-style investing to Southeast Asia’s startups – TechCrunch TNB Aura, a recent arrival to Southeast Asia’s VC scene, announced today that it has closed a maiden fund at SG$31.1million, or around US$22.65 million, to bring a more private equity-like approach to investing in startups …

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Indonesia e-commerce leader Tokopedia raises $1.1B from Alibaba and SoftBank’s Vision Fund – TechCrunch

Indonesia e-commerce leader Tokopedia raises $1.1B from Alibaba and SoftBank’s Vision Fund – TechCrunch Indonesia-based e-commerce firm Tokopedia is the latest startup to enter the Vision Fund after it raised $1.1 billion led by the SoftBank megafund and Alibaba. SoftBank and Alibaba are existing investors in the business — the …

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Struggling e-commerce firm LightInTheBox completes $85M deal for Singapore’s Ezbuy – TechCrunch

Struggling e-commerce firm LightInTheBox completes $85M deal for Singapore’s Ezbuy – TechCrunch Southeast Asia is a growing digital marketplace and increasingly a focus for startups across the world but there haven’t been many exits. So it’s notable, then, that struggling Chinese discount e-commerce service LightInTheBox has closed its acquisition of …

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China’s JD.com teams up with Intel to develop ‘smart’ retail experiences – TechCrunch

China’s JD.com teams up with Intel to develop ‘smart’ retail experiences – TechCrunch Months after it landed a major $550 million investment from Google, China’s JD.com — the country’s second highest-profile investor behind Alibaba — has teamed up with another U.S. tech giant: Intel. JD and Intel said today that …

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Netflix rival Iflix launches $5M search for up-and-coming filmmakers in Asia – TechCrunch

Netflix rival Iflix launches $5M search for up-and-coming filmmakers in Asia – TechCrunch Netflix is increasing its efforts in Asia after it commissioned more local content and began testing more aggressive price points, but one local rival is hitting back with a program to spotlight promising creators in the region. Malaysia-headquartered Iflix, …

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Experian leads $10M investment in Southeast Asia fintech startup Jirnexu – TechCrunch

Experian leads $10M investment in Southeast Asia fintech startup Jirnexu – TechCrunch Consumer credit giant Experian is continuing to back Asian fintech startups after it led a $10 million investment in Southeast Asia’s Jirnexu . Jirnexu, which is headquartered in Kuala Lumpur, operates financial comparison services in Malaysia and Indonesia. Those …

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Skype co-founder snags $105M for fintech lending venture in Southeast Asia – TechCrunch

Skype co-founder snags $105M for fintech lending venture in Southeast Asia – TechCrunch A fintech whale quietly going about its business in Southeast Asia has come out from under the radar after Oriente, a Hong Kong-based business headed by Skype’s first employee, announced that it has raised a whopping $105 million. …

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Topica raises $50M for its online learning services in Southeast Asia – TechCrunch

Topica raises $50M for its online learning services in Southeast Asia – TechCrunch Vietnam’s startup ecosystem is making forward progress. Just a week after 500 Startups’ local entity closed a $14 million fund for early-stage investments, one of the country’s elder statesmen of startups — educational service Topica — has …

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Cross-border fintech startup Instarem raises $20M for global expansion – TechCrunch

Cross-border fintech startup Instarem raises $20M for global expansion – TechCrunch Instarem, a Singapore-based startup that helps banks transfer money overseas cheaply, has raised a Series C round of over $20 million for global expansion. The round is led by MDI Ventures — the VC arm of Indonesian telecom operator …

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Southeast Asia’s digital economy to triple to $240 billion by 2025 – TechCrunch

Southeast Asia’s digital economy to triple to $240 billion by 2025 – TechCrunch It may sit in the shade of China and India, but tech has real growth potential in Southeast Asia. Home to a cumulative 650 million people, the region’s digital economy is forecast to triple in size and …

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