'Chilling effect': Here's what an Indonesian startup scandal means for the region struggling with fundraising
"This could have a chilling effect for, conservatively, 12 months, but probably longer," Justin Hall of Golden Gate Ventures ...
The Edge Singapore1d
eFishery was a valuation scandal, not accounting fraud
The outcome was an extravagant valuation that had no connection to fundamentals. Even with its fabricated revenue, eFishery was trading at an EV/Sales ratio of two times. Agri-processors such as Japfa ...
EFishery Backers to Weigh Liquidation, Buyout Among Options
An adviser probing the alleged accounting fraud at Indonesian agritech company eFishery recommended that investors make a ...
Kontan2d
GLOBAL MARKETS-Stocks Knocked by Alphabet Earnings; Gold Hits Record
Investors shrugged off comments from President Donald Trump that the U.S. would like to take over the war-ravaged Gaza Strip ...
Indonesian Startup EFishery Appoints FTI Consulting as Manager Amid Alleged Fraud Probe
SINGAPORE (Reuters) - Indonesian aquaculture tech startup, eFishery, said on Tuesday that it has appointed business advisory firm FTI Consulting to act as its new management following allegations of ...
IBEF4d
Indian Consumer Market
800 crore (US$ 96.28 million) in current financial year, with further initiatives in pipeline. The Indian consumer durables market is broadly segregated into urban and rural markets and is attracting ...
dealstreetasia5d
Editor's take: The week that was — Jan 27-Feb 1
It has been a short week in most of the markets in Asia with the Lunar New Year holiday. But amid the preparations, tech markets were roiled by revelations that a hitherto under-the-radar Chinese ...