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Singapore’s Paktor makes first acquisition, buys controlling stake in Taiwanese startup 17 Media

Singaporean dating platform Paktor announced today that it has  acquired a controlling state in the Taiwanese video streaming platform 17 Media — a platform with 15 million users. 17 Media will receive a ‘significant cash injection’ to strengthen partnerships, enhance the livestreaming platform, and improve on content. Furthermore, Paktor’s CEO, Joseph Phua will take over […]

Convergence Ventures Introduces Indonesia Porfolio in China Networking Summit

Jakarta. Convergence Ventures, a technology venture fund that invests in and accelerates early stage technology companies in Indonesia and Southeast Asia, participated in a three-day networking summit with angel investors, venture capitalists as well as government officials from across China earlier this week, it said in a statement on Friday (25/11). The 2016 China Venture […]

Jakarta, the Next Tech Hub We Can’t Ignore

Go-Jek, the app-based ride-hailing service, is Indonesia’s first local startup to achieve unicorn status — a start-up company valued at over $1 billion — after being valued at approximately $1.3 billion. Go-Jek has become a household name in Indonesia with a fleet of motorcycle taxis offering a variety of on-demand services including transport and food delivery. The company’s latest valuation has […]

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