SoftBank to invest $2 billion in Indonesia via Grab

SoftBank $2 billion investment in Grab

Asia AI News 30 July 2019 – Media coverage continues on the fortunes of STAR Market and the future of SoftBank’s Vision 2 Fund. CEO Masayoshi Son disclosed $2 billion of investment in ride-hailing app Grab’s Indonesian business, following a meeting with the Indonesian President Joko Widodo.

Over on Shanghai’s tech stocks board, STAR Market, investors seem a little put off by the newly introduced limit of 20 percent on daily gains or losses.

In today’s Asia AI News you’ll also find news of Australian think tank Lowy Institute’s new 2019 Asia Power Index, plus startup funding news from India, The Philippines and Singapore.

Startups, investment firms and other organisations featured in today’s newsletter:

  • Asia Capital and Advisors (Singapore)
  • Chang’an (China)
  • Edusuite (The Philippines)
  • Eight Roads Capital (United Kingdom)
  • Lowy Institute (Australia)
  • Manila Angel Investors Network (The Philippines)
  • Smartly (Singapore)
  • SoftBank Group (Japan)
  • STAR Market (China)
  • StashAway (Singapore)
  • Visit Health Pvt Ltd. (India)

Read today’s Asia AI Newsletter

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