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The Latest Breaking News from Temasek

Internet economy set to generate $35bn in 2022

Thailand's internet economy is expected to rise 17% year-on-year to US$35 billion in gross merchandise value (GMV) in 2022, driven by e-commerce, eventually reaching $53 billion in 2025, according to the "e-Conomy SEA 2022" report by Google, Temasek and Bain & Company.

Benzinga Before The Bell: Tesla Sues Louisiana Automobile Dealers Association, Will iPhone 14 Feature Satellite Connectivity?, Netflix Denies $7 To $9 Ad-Supported Plan And Other Top Financial Stories Tuesday, August 30

Benzinga Before The Bell: Tesla Sues Louisiana Automobile Dealers Association, Will iPhone 14 Feature Satellite Connectivity?, Netflix Denies $7 To $9 Ad-Supported Plan And Other Top Financial Stories Tuesday, August 30

Reuters Taiwan’s China Airlines Orders 16 Boeing 787s

Twitter-Backed Social Media Platform Also Gets Google Backing In $255M Funding Round

Twitter-Backed Social Media Platform Also Gets Google Backing In $255M Funding Round

Indian social media app ShareChat, which counts Twitter Inc (NYSE: TWTR) and Snap Inc (NYSE: SNAP) among its investors, recently raised $520 million in a multi-tranche funding round.

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ShareChat closes $520 million round at $5 billion valuation

NEW DELHI: In a multi-tranched funding round, ShareChat has raised $255 million from Google, Times Group and existing investors at $5 billion valuation, adding to the $266M raised earlier in December 2021.

The Times of India

Mass Layoffs at 'China's Instagram': Tough Times or Primping for IPO?

Key takeaways: Xiaohongshu’s recent major layoffs could reflect a tough advertising market, even as it framed the move as normal workforce turnover Others reportedly laying off large numbers of workers include top livestream gaming platforms Huya and DouYu, whose planned merger was nixed by regulators last year

Flowery deals with retrograde Singapore no use to climate

Jacinda Ardern's choice of Singapore as a climate partner is poor: Its interim climate goals are deemed 'critically insufficient' and it relies on gas to power its industry.

Fashion Technology Startup Zilingo Suspends CEO

The board of Singapore-based fashion technology startup Zilingo said on Wednesday it had suspended its CEO and co-founder, Ankiti Bose, in a move that sources said was related to an investigation into the company's accounts. A lawyer for Bose said that she declined to comment on her suspension or the…

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Why Datto Shares Are Trading Higher Today

Why Datto Shares Are Trading Higher Today

Kaseya agreed to acquire Datto Holding Corp (NYSE:MSP) for $35.50 per share in an all-cash transaction that valued Datto at $6.2 billion. The offer represented a 52% premium to Datto's unaffected stock price on March 16. An equity consortium led by Insight Partners, with significant investment from TPG Capital and Temasek and participation…

Microsoft Joins Other Investors In Raising Funds For This Blockchain Start-up

Microsoft Joins Other Investors In Raising Funds For This Blockchain Start-up

Blockchain start-up ConsenSys raised $450 million in a new round of funding that more than doubled its valuation to $7 billion, CNBC reports. Joseph Lubin founded ConsenSys. Lubin was also the co-founder of Ethereum, the blockchain platform behind ether, the second-biggest cryptocurrency. ConsenSys' most popular products include the MetaMask cryptocurrency wallet and Infura,…

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