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The unprecedented deal in Vietnam’s retail industry was proposed by the chain owner.
The move is aimed at improving Go-Jek’s food delivery business, GoFood to go up against competitor GrabFood.
This transaction places VNG valuation at US$2.2 billion.
26/5/2019 - Perx Technologies, a customer loyalty platform based in Singapore said that it is raising US$5 million in a Series B funding round...
Returning investors Monk’s Hill Ventures and EE Capital also participated in the funding round, alongside lead Kickstart Ventures.
The funds launched would primarily be invested in tech, infrastructure, healthcare, tourism and impact-related projects in China.
This puts the Series B round for the AI solutions provider targeting advertising, HR and influencer marketing at a total of US$24.1 million.
PACE Development Corporation has sold its 50 percent stake ownership in Dean & DeLuca Japan to Welcome Co Ltd.
The insurance startup thus aims to make financial inclusion a reality in Southeast Asia.
The move will further increase its grip on Coway and allow it to resume control over the water and air purifier maker.