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Editor's take: The week that was — Apr 19-24

April 25, 2021 Our exclusive reporting in the past week was dominated by the unicorns amid a flurry of fundraising and deal activity. In Indonesia, two of the biggest unicorns, Gojek and Tokopedia, have been in talks to merge, and details of their union are still emerging.  Our report this week says that Gojek is likely to hold a majority stake of up to 60% in GoTo. The combined entity, expected to be valued at some $40 billion, is expected to list on the Indonesian stock exchange first, amid ...
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$245M Insurtech Funding Wrap-Up: Corvus, AgentSync, Cowbell Cyber, WeLab, Hi Marley

$245M Insurtech Funding Wrap-Up: Corvus, AgentSync, Cowbell Cyber, WeLab, Hi Marley March 12, 2021 Some serious money has been sent the way of various insurance startups over the past week. Investors backed cutting-edge commercial lines and cyber insurance products as well as advances in texting communications, producer management and licensing compliance, and digital risk management for financial institutions. Here’s a wrap-up of some recent major funding...
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Investegate |Jardine Strategic Announcements | Jardine Strategic: 2020 Preliminary Announcement of Results

    · Underlying net profit attributable to shareholders down 35% to US$1,094 million and underlying earnings per share down 34% to US$1.96 · Southeast Asian businesses and Mandarin Oriental severely impacted by the pandemic, but resilience in Hongkong Land, Dairy Farm, Jardine Pacific and Jardine Motors · Continued investment for the long-term exemplified by US$4.5 billion investment by Hongkong Land in West Bund in Shanghai "...
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Investegate |Jardine Matheson Hdg Announcements | Jardine Matheson Hdg: 2020 Preliminary Announcement of Results

    Headlines ·     Underlying net profit attributable to shareholders down 32% to US$1,085 million and underlying earnings per share down 30% to US$2.95 ·     Southeast Asian businesses and Mandarin Oriental severely impacted by the pandemic, but resilience in Hongkong Land, Dairy Farm, Jardine Pacific and Jardine Motors ·     Continued investment for the long-term exemplified by US$4.5 billion investment by Hongkong Land in Wes...
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Hong Kong fintech unicorn WeLab raises $75M led by insurance giant Allianz

Around the world, the pandemic has forced consumers to adopt digital banking. Hong Kong's WeLab, a fintech company founded in 2013, saw users soar by 20% year over year in 2020, bringing its accumulative user base to 50 million. Facing innovative players like WeLab, which aims to bring more convenience, transparency and affordability to consumers, financial incumbents feel compelled to reinvent themselves.
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Source: yahoo.com

WeLab Raises $75 Mn In Series C-1 Round Led By Allianz X

Opinions expressed by Entrepreneur contributors are their own. Hong-Kong-based fintech company WeLab on Monday announced it has raised $75 million in a Series C-1 funding round led by digital investment unit Allianz X of the Germany-based Allianz Group. Since its inception in 2013, the company has raised more than $600 million of strategic financing from some of the renowned investors. The new funding, together with Allianz partnership, will bolster the acceleration of WeLabs pan-Asian growt...
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