Mars Woo

iflix said the deal further reinforces its commitment to core markets in Asia, particularly Indonesia, Malaysia and the Philippines.

LINE said the acquisition will establish a “strong foundation” for its e-commerce business in Thailand.

The Philippine startup ecosystem is heating up, prompting the government to set up a five-year roadmap.

The acquisition comes 10 months after Masii secured THB77 million (US$2.35 million) in its Series A round.

500 Startups Vietnam will bring 500 Startups’ Silicon Valley accelerator curriculum to Vietnam in 2019 with Korean multimedia retailer GS Shop.

Vietnam posted a record US$17.5 billion in FDI disbursement last year and could hit a record FDI for the decade.

The deal further signals that Grab, which has raised nearly $7 billion in funding, will have more business cooperation with its strategic investors.

Traveloka reportedly paid $66.8 million to acquire three online travel agencies through a shell company named Jet Tech.