The Week That Was in ASEAN@Smartkarma - Carousell to List, Astra International, and Ultrajaya Milk
The week that was in ASEAN@Smartkarma is filled with another eclectic mix of differentiated, substantive, and actionable insights from across South...
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Rakuten Group (Neutral) - Testing the Waters on Further Funding
Rakuten announced today it would prepare for a potential listing of Rakuten Bank. That could represent the next funding step for the mobile...
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Carousell - Champion of the Circular Economy
Carousell is South-East Asia's largest classifieds marketplace which recently entered the uniform club with a valuation of US$1.1bn. It is a unique...
367 Views
PHC Holdings IPO - Should Have Cut the Price, Not Just the Size
PHC Holdings and its shareholders aim to raise around US$700m, down from US$1.8bn, via selling a mix of primary and secondary shares in its Japan IPO.
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Japanese E-Commerce Growth Continues
Japan is well-known for lagging some markets in e-commerce penetration but sales surged last year to more than 20%. Only Rakuten and Amazon seem to...
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