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SEA to offer $400m convertible notes after losses tripled in Q1

A peek into the booming tech ecosystem of Southeast Asia.

SEA Tech

Plus, Douyin taps into e-commerce. Amazon to bring its staffless stores to two more cities. 

KrASIA Daily: Sea may raise funds amid widening losses | KrASIA

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KrASIA Daily: Sea may raise funds amid widening losses

Spotlighting Asia&#039;s next wave of innovations.

KrASIA

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KrASIA Writers

Deal book: Ant Financial invests in car-sharing startup Like; VR startup Aurovis aims to provide affordable VR and 360-degree camera

Ant Financial Services Group, formerly known as Alipay, is an affiliate company of the Chinese Alibaba Group. Ant Financial is the highest valued fintech company in the world, and the world's most valuable unicorn company, with a valuation of US$150 billion. 

Ant Group

This car-sharing company raised two financing rounds within just half a month.

Deals | Alibaba's Ant Financial leads B round for car-sharing startup LIKE | KrASIA

Deals | Alibaba&#8217;s Ant Financial leads B round for car-sharing startup LIKE

Carousell launches digital wallet after raising $85m in Series C round

Fintech is the new applications, processes, products, or business models in the financial services industry, composed of one or more complementary financial services and provided as an end-to-end process via the internet.

Fintech

Plus, Ant Financial lowers daily withdraw limit. Uber's growth slowed. 

KrASIA Daily: Carousell launches digital wallet after raising $85m in Series C round | KrASIA

KrASIA Daily: Carousell launches digital wallet after raising $85m in Series C round

Plus, Carousell and Carro raise fresh funds. Tesla has set up a company in Shanghai.

KrASIA Daily: Foxconn moves towards China's biggest IPO in three years | KrASIA

KrASIA Daily: Foxconn moves towards China&#8217;s biggest IPO in three years

KrASIA Daily: Grab rival U-Hop raises fresh funding, planning to expand in SE Asia and the US

An on-demand service platform connects waiting-time-sensitive customers with independent service providers.

On-Demand Services

Plus, Didi Chuxing suspended hitch service. Walmart may list Flipkart.

KrASIA Daily: Grab rival U-Hop raises fresh funding to expand in SE Asia and the US | KrASIA

KrASIA Daily: Grab rival U-Hop raises fresh funding to expand in SE Asia and the US

15 startups from Belt-and-Road countries will enter the accelerator to enhance their competitive edge.

AtWork kicks off startup accelerator program in Xiamen amid Belt-and-Road initiative | KrASIA

AtWork kicks off startup accelerator program in Xiamen amid Belt-and-Road initiative

Didi Chuxing Kicking off Car-Rental Service and Who Still Wants to Own A Car?

Didi Chuxing Technology Co., formerly Didi Kuaidi, is a Chinese transportation network company, artificial intelligence and autonomous technology conglomerate.

Didi

Plus, eBay to relaunch in India. Singapore's BitOfProperty raised fresh funds. 

KrASIA Daily: Didi apologized after the murder of female passenger | KrASIA

KrASIA Daily: Didi apologized after the murder of female passenger

Gojek is a transportation network company and logistics startup company based in Jakarta, Indonesia.

Gojek

Plus, Tencent-backed WeDoctor raised a pre-IPO round. Walmart agreed to buy 77% stake in Flipkart for $16 billion.

KrASIA Daily: Go-Jek looks to invest in startups to maintain growth momentum   | KrASIA

KrASIA Daily: Go-Jek looks to invest in startups to maintain growth momentum  

KrASIA Daily: Alibaba buys Pakistani e-commerce platform Daraz to expand across South Asia

Alibaba Group Holding Limited is a Chinese multinational conglomerate specializing in e-commerce, retail, Internet and technology. 

Alibaba

E-commerce is the activity of buying or selling of products on online services or over the Internet. 

E-Commerce

Plus, Uber is responsible for the deadly accident. Monk’s Hill Ventures is raising a second fund. 