{
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The recent eFishery scandal raises concerns about the ability of VCs, including Temasek, to prevent future frauds. To mitigate risks, investors should involve local experts in due diligence, verify revenue through investigative audits, and establish whistleblower frameworks within portfolio firms.In other news, Israeli AI firm Alta has secured $7 million in seed funding to enhance its virtual agents, while Tencent's AI chatbot Yuanbao tops the charts in China's iOS App Store. Sea Group reports a 36.9% revenue increase for Q4 2024, reaching $4.95 billion.
Oyo has projected a profit of ₹1,100 crore (US$126.5 million) for FY26, bolstered by its acquisition of G6 Hospitality, which is expected to contribute ₹630 crore (US$72.46 million) to its EBITDA. The company reported a profit of ₹229 crore (US$26.34 million) for FY24 and anticipates earnings of ₹700 crore (US$80.51 million) for the current fiscal year. Despite recent growth, Oyo faces pressure from creditors to expedite its IPO or address loan repayments of US$383 million, with a deadline set for October 2025.
Darwinbox, a leading HR technology platform, has secured $140 million in funding co-led by Partners Group and KKR, with participation from Gravity Holdings. Founded in 2015, the company has rapidly expanded internationally, achieving significant revenue growth, particularly in North America, and was recently recognized as a Challenger in the Gartner Magic Quadrant for Cloud HCM Suites. With over 3 million employees from major brands using its platform, Darwinbox aims to enhance its technology leadership and accelerate global expansion.
Huawei Cloud has launched new AI-native solutions aimed at enhancing cloud services and accelerating AI development, achieving over 50% growth outside China in 2024. The company emphasizes its commitment to innovation across various sectors, including finance, government, and automotive, with over 400 use cases driving value creation. New offerings, such as the CloudDC Solution and Enterprise IT Cloud Migration Solution, further solidify Huawei Cloud's position in the global market for digital transformation.
J&T Express has reported its first-ever annual profit in 2024, marking a significant milestone for the company. This achievement highlights the growth and success of the logistics firm in a competitive market. The financial turnaround sets a positive outlook for its future operations.
Huawei Cloud is positioning AI as its core strategy, aiming to evolve from cloud-native to AI-native services. The company reported over 50% growth in 2024 outside China, becoming a preferred partner for many organizations. At the Huawei Cloud Summit, it emphasized the importance of high-quality data and the development of AI-native infrastructure and services to meet diverse industry needs.
BMW Group Indonesia has filed a lawsuit against BYD for the unauthorized use of the “M6” trademark, which BMW claims is registered and recognized for its high performance and exclusivity. The lawsuit, aimed at preventing brand confusion, was submitted to the Central Jakarta Commercial Court on February 26. BMW asserts that BYD's use of the name could mislead consumers regarding product authenticity and quality.
Indonesia's pay later debt has reached a significant $1.81 billion, highlighting the growing reliance on this financial service among consumers. This surge reflects changing spending habits and the increasing popularity of flexible payment options in the region.
In 2024, Indonesia's online food and beverage spending reached 212.2 trillion rupiah (US$12.9 billion), with food purchases at 177.7 trillion rupiah (US$10.81 billion) and beverages at 34.5 trillion rupiah (US$2.1 billion). The food delivery sector generated 88.9 trillion rupiah (US$5.41 billion), led by GrabFood with a 47% market share, followed by GoFood at 35% and ShopeeFood at 18%. GoFood's top-selling item remained chicken rice for the sixth year, while iced Americano and seblak are anticipated to gain popularity in 2025.
Sea Ltd reported a 36.9% increase in Q4 revenue, reaching US$4.95 billion, driven by Shopee's 41.3% growth in Indonesia during the holiday season. SeaMoney's revenue surged 55.2%, surpassing expectations, while Garena anticipates double-digit growth in users and bookings by 2025. Following the earnings report, shares rose 11% in premarket trading.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
investors seek strategies to prevent future fraud scandals in startups
10:30 06.03.2025
Oyo projects significant profit growth following G6 Hospitality acquisition
05:45 06.03.2025
darwinbox secures 140 million funding to enhance global expansion and innovation
02:12 06.03.2025
Huawei Cloud launches AI-native solutions to drive global digital transformation
16:35 05.03.2025
J&T Express reports first annual profit in 2024
14:42 05.03.2025
huawei cloud accelerates ai-native strategy with significant global expansion
11:21 05.03.2025
BMW files lawsuit against BYD over M6 trademark in Indonesia
06:35 05.03.2025
indonesia pay later debt reaches 1.81 billion dollars
05:43 05.03.2025
indonesian online food and beverage spending reaches 12.9 billion dollars in 2024
04:50 05.03.2025
sea ltd reports strong q4 revenue growth driven by shopee and seamoney
03:50 05.03.2025
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