HONG KONG (BLOOMBERG) - Hong Kong tycoon Li Ka-shing s private investment firm Horizons Ventures will make South-east Asia a priority, with the region s digital economy booming as the pandemic drives more people to use the internet.
Horizons Ventures will focus in particular on South-east Asia s biggest market, Indonesia, co-founder Solina Chau, Li s long-time confidante, told Bloomberg News in a statement sent by text message.
The firm, whose early bet on Zoom Video Communications contributed to a surge in Mr Li s wealth during the Covid-19 pandemic, has over the past year invested in three Indonesia-based start-ups in funding rounds that have raised more than US$210 million (S$280 million). Partnering up with Jakarta s Alpha JWC Ventures, one of South-east Asia s largest venture capitalists, Horizons seeks to identify young companies that could be the region s next most popular.
Shirley Zhao, Bloomberg News
(Bloomberg) Hong Kong tycoon Li Ka-shingâs private investment firm Horizons Ventures Ltd. will make Southeast Asia a priority, with the regionâs digital economy booming as the pandemic drives more people to use the internet.
Horizons Ventures will focus in particular on Southeast Asiaâs biggest market, Indonesia, co-founder Solina Chau, Liâs long-time confidante, told Bloomberg News in a statement sent by text message.
The firm, whose early bet on Zoom Video Communications Inc. contributed to a surge in Liâs wealth during the pandemic, has over the past year invested in three Indonesia-based startups in funding rounds that have raised more than $210 million. Partnering up with Jakartaâs Alpha JWC Ventures, one of Southeast Asiaâs largest venture capitalists, Horizons seeks to identify young companies that could be the regionâs next most popular.
Regional player: An employee of Traveloka works at the company s headquarters in Jakarta. Founded in 2012, Traveloka has expanded its reach across six South-East Asian nations and also covers Australia, making it easier for consumers to book flights and hotels across countries. Reuters
JAKARTA: Indonesia’s Traveloka is in advanced talks to go public through merging with Bridgetown Holdings Ltd, a blank-cheque firm backed by billionaires Richard Li and Peter Thiel, according to people familiar with the matter.
A deal could value South-East Asia’s online travel leader at about US$5bil (RM20.69bil), said the people who asked not to be identified because the matter is private. The potential transaction could also involve raising between US$500mil and US$750mil through a private investment in public equity, or PIPE.
Traveloka Said in Talks to List via Thiel’s Bridgetown SPAC
Bloomberg 4 hrs ago Yoolim Lee and Manuel Baigorri
(Bloomberg) Indonesia’s Traveloka is in advanced talks to go public through merging with Bridgetown Holdings Ltd., a blank-check firm backed by billionaires Richard Li and Peter Thiel, according to people familiar with the matter.
A deal could value Southeast Asia’s online travel leader at about $5 billion, said the people who asked not to be identified because the matter is private. The potential transaction could also involve raising between $500 million and $750 million through a private investment in public equity, or PIPE, the people said. Details including the amount to be raised could change as the companies start discussions with potential investors, they added.
Apr 09 2021, 4:20 PM
April 09 2021, 11:11 AM
April 09 2021, 4:20 PM
(Bloomberg) Indonesiaâs Traveloka is in advanced talks to go public through merging with Bridgetown Holdings Ltd., a blank-check firm backed by billionaires Richard Li and Peter Thiel, according to people familiar with the matter.
(Bloomberg) Indonesiaâs Traveloka is in advanced talks to go public through merging with Bridgetown Holdings Ltd., a blank-check firm backed by billionaires Richard Li and Peter Thiel, according to people familiar with the matter.
A deal could value Southeast Asiaâs online travel leader at about $5 billion, said the people who asked not to be identified because the matter is private. The potential transaction could also involve raising between $500 million and $750 million through a private investment in public equity, or PIPE, the people said. Details including the amount to be raised could change as the companies start discussions with potential investors, they add