COMMENTARY

Sea can pass on S-E Asian deal frenzy

MERGER and acquisition talks are swirling around South-east Asia's hot technology companies, Tokopedia, Grab and Gojek.

Tokopedia neatly channels Indonesia's potential

[HONG KONG] Tokopedia is in demand. The company last valued at about US$7.5 billion is the number two online shopping site in Indonesia behind US$100 billion Singapore-based rival Sea. But the smaller rival stands out for its single focus on one of the world's fastest rebounding and digitalising...

Pinduoduo rises to China's grocery challenge

[HONG KONG] Pinduoduo is rising to China's grocery challenge. The e-commerce company unveiled plans to raise as much as US$6.1 billion partly to expand next-day delivery for fresh produce. Competition is fierce and building out logistics will be costly, but its model of matching farmers to...

It's a good time to be 'the other' Alibaba

[HONG KONG] JD.com's good year might get better. Shares of the US$149 billion Chinese e-commerce company are rising, even as draft antitrust rules have caused those of its larger, aggressive rival Alibaba to fall. JD's adjusted quarterly earnings highlight how boss Richard Liu's inventory model...

Yum China adds spice to its tech credentials

[HONG KONG] Yum China is adding extra flavour to its technology credentials. The operator of KFC and Pizza Hut in the People's Republic has raised US$2.2 billion in a secondary listing at a valuation higher than e-commerce giant Alibaba. Volatility in Internet stocks, though, risks a not-so-...

Nio’s China rival offers family-friendlier ride

[HONG KONG] Nio's local rial wants to sell shareholders a family-friendly ride. The Chinese maker of electric-sports utility vehicles (SUV) has filed for an US initial public offering, aiming to raise up to US$1 billion, according to Refinitiv publication IFR. The company is losing money, but...