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Wework Meltdown Hasn't Changed Grab's Plans, Co-founder Says - Nikkei Asian Review

SINGAPORE -- The co-founder of Grab, which has become one of Southeast Asia's most valuable tech startups in just seven years, says the group's ride-hailing and payment business can help society while making financial sense. Tan Hooi Ling stressed that the ideas of a "path to profitability" and "sound unit economics" -- phrases often heard in the valuation debate over U.S. tech groups like Uber Technologies and WeWork -- are "not new" to Grab.
Read by 62% of LPs 3 hours, 4 minutes ago

Editor's Take: The Week That Was - November 11-15

A new Thailand-focused PE fund, fundraising by Singapore and Indonesia startups, and dealmaking by Philippine firms feature in this week's recap. The post Editor's take: The week that was - November 11-15 appeared first on DealStreetAsia.
Read by 60% of LPs 4 hours, 34 minutes ago

World Bank To Invest $300M For Bengal's Logistics Infra Development - The Financial Express

The cumulative investments of these projects would run up to Rs 5,000 crore. Most of these projects are likely to come up by 2020 end, Mitra said, adding that Reliance and Future groups have already made a strong foot print in the state with modern warehousing.
Read by 62% of LPs 7 hours, 34 minutes ago

Bill Gates Overtakes Jeff Bezos As World's Richest Person

The two-way race for which white tech man has the most unfathomable amount of money seesawed again on Friday. Jeff Bezos has led the pack for most of 2019 as the richest rich guy, with about $110 billion in the bank. Nipping at his sumptuously adorned heels has been Bill Gates, a grandfatherly-seeming nice guy philanthropist who was also known as a "ruthless schemer" in his heyday as Microsoft CEO. Gates' fortunate has hovered around a paltry $107 billion. But lo, the tables have turned!
Read by 79% of LPs 10 hours, 34 minutes ago

Payments Software Firm Is Planning To Raise $100M Via An Ipo

Payments Software Firm Is Planning to Raise $100 Million via an IPO Crowdfund Insider. : Payment software firm is planning to raise $100 million through an initial public offering (IPO), according to a recent filing with the US Securities and Exchange Commission (SEC). Established in 2006 by PayCycle co-founder Rene Lacerte, provides cloud-based business payments and offers a software platform that's designed specifically for the SMB market.'s clients include Gusto, Thumbtack, Dialpad, and several accounting companies. The California-headquartered firm has raised around $347 million since its launch.
Read by 31% of LPs 11 hours, 4 minutes ago

Hot Property Newsletter: The Luxury Real Estate Market Changes With The Calendar - Los Angeles Times

Properties owned by "American Idol" creator Simon Fuller, Los Angeles Clippers head coach Doc Rivers and the estate of novelist Sue Grafton are all back on the market at reduced prices.
Read by 63% of LPs 12 hours, 4 minutes ago

Wealth Tax, Paid Family Leave, Minimum Wage: Where 2020 Democrats Stand

With the stock market at an all-time high, the debate about wealth accumulation and inequality has become a top issue in the 2020 campaign.
Read by 46% of LPs 15 hours, 4 minutes ago

Uaw Gm Strike Hits Customers As Repair Parts Only Trickle To Dealers

GM dealers reports dozens of customers are growing increasingly impatient as repair parts still remain back ordered due to the UAW strike.
Read by 52% of LPs 17 hours, 34 minutes ago

Bill Gates Is Worth $110 Bn, Tops Jeff Bezos As World's Richest Person | Business Standard News

Bill Gates may have been helped in part by the Pentagon's decision to award a $10 billion cloud-computing contract to Microsoft.
Read by 80% of LPs 17 hours, 34 minutes ago

How Bill Gates Managed To Dethrone Jeff Bezos From The World's Richest Person Spot

Microsoft share price has risen 48% this year, boosting the value of Gates' 1% stake in the IT firm. : Microsoft Corp co-founder Bill Gates has regained his status as the world's richest person for the first time in two years surpassing Amazon CEO Jeff Bezos, according to the Bloomberg Billionaires Index. Gates' rise to the top spot may have come after Pentagon awarded on October 25 a $10 billion cloud-computing contract to Microsoft over Amazon. Since then, Microsoft shares have climbed 4%, resulting in a $110 billion fortune to Gates, according to the Bloomberg Billionaires Index.
Read by 53% of LPs