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(Bloomberg) -- Akulaku Inc., an Indonesian online lender backed by Jack Ma’s Ant Group Co., is considering a U.S. listing via a merger with a blank-check company that could value the combined entity at about $2 billion, according to people with knowledge of the matter.
(Bloomberg) -- Carsome Sdn., an online used-car marketplace in Southeast Asia, is seeking to raise about $200 million in a funding round ahead of a potential listing in the U.S. next year, according to people with knowledge of the matter.
KUALA LUMPUR: Carsome Sdn Bhd, an online used-car marketplace in South-East Asia, is seeking to raise about US$200mil (RM829.9mil) in a funding round ahead of a potential listing in the US next year, according to sources.
Fintech unicorns are sprouting in an unlikely (or likely) place - the humble Southeast Asian region. But why exactly?
RAJA’S RULE Decolonisation and revolution long ago removed royal families from power in most of Asia, leaving Japan’s emperors as the last hereditary monarchs of much significance to periodically exert some subtle influence. But the past year has seen the region’s most abundant class of royals – the rajas and sultans of the old Malay dynasties – exert unexpected power over the country’s fragmenting political parties. Nine of the Malaysian states are constitutionally headed by traditional Malay rulers who meet every five years to elect a king, or Yang di-Pertuan Agong, as the natio...