India: Amazon in preliminary talks to buy online grocer BigBasket

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The discussions are at an early stage and may not lead to a sale.

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JD.com plans Thailand foray by end of the year

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Company to expand its overseas business beyond Indonesia.


India: Fintech startup Lendingkart raises $7.7m debt from Yes Bank

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Indicates shift to banks for loans as against NBFCs who lend at a higher rate.


Ofo said to seek $3b valuation in China funding wars

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Further inflaming an already pitched competition for capital by startups backed by the country’s largest technology firms.


Facebook early backer Yuri Milner sees $4t of new internet firms by 2025

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Milner has also backed Alibaba, Twitter & Xiaomi.


Flipkart sets sights on fintech sector, plans to ramp up technology team

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It plans to Valley executives as part of AI, machine learning push


Singapore: SPH forms JV with freelance services startup RecomN to launch Recommend.sg

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SPH forms a JV with RecomN Technologies to launch Recommend.sg, an online services portal with an initial focus on event services.


India Dealbook: Amazon India gets $32m from parent firm, Roofpik buys Shoppist

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This is the second infusion by Amazon in its India venture within 6 months.


Malaysia: Frontier Digital invests $3.5m in classified portals AutoDeal, Propzy

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It invested $2.34m in Philippines’ Autodeal and $1.2m in Vietnam’s Propzy.


Do-Fluoride Chemicals leads $19m Series A in Chinese electric vehicle sharing firm

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Startup plans to deploy 100,000 vehicles over 3 years.