SoftBank Swings to a Loss Ahead of Big AI Bet With OpenAI
SoftBank Group Corp. tumbled to a loss in the December quarter, weighed down by a drop in the value of the Vision Fund’s ...
SoftBank swings to $2.4 billion loss in Q3 as value of Vision Fund’s holdings take a hit
SoftBank Group Corp. swung to losses for the December quarter due to a drop in the value of the Vision Fund’s public holdings ...
Business Times8h
Indonesia’s eFishery scandal sparks fears of broader reckoning for agritech
JAKARTA] The alleged fraud at Indonesia’s aquaculture unicorn eFishery has shaken the agritech sector, with the once-thriving ...
dailysocial.id2d
Grab-GoTo merger talks resumes 🛵 eFishery takes in new management🎣 commoditization of LLMs 🤖
Catch up on Indonesia’s latest startup news: eFishery’s internal investigation, rising deeptech investments, healthtech ...
The Jakarta Post4dOpinion
How investor biases can enable fraud in start-ups
In the eFishery case, reported sales of 400,000 fish feeders versus the verified 24,000 should have been an instant red flag, ...
‘Chilling effect': Here's what an Indonesian startup scandal means for the region's struggling scene
This could have a chilling effect for, conservatively, 12 months, but probably longer,” Justin Hall of Golden Gate Ventures ...
Asia Asset Management5d
Fraud at Asian startups ignite concern about investing public funds in high-risk firms
FashionValet burst into the spotlight in November when Malaysian sovereign wealth fund Khazanah Nasional and Permodalan Nasional, the country’s largest fund management company, incurred a 43.9 million ...
eFishery backers to weigh liquidation, buyout among options for scandal-hit start-up
In a few weeks, shareholders should vote on whether to wind down, restructure, or sell the company. Read more at straitstimes ...
The Edge Singapore6d
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 ...