Steve Dunthorne is associate editor for FinanceAsia, AsianInvestor and The Corporate Treasurer. He previously worked at the South China Morning Post for regional and national newspapers in the UK.
A modest fine clears the way for the ride-hailing startup to dominate. But has the Lion City's tame decision left a block on the road for other start-ups?
Ride-hailing turns competitive again in Singapore, Vietnam, Thailand and the Philippines as Indonesia's unicorn rides in. But it won't use its own name, nor bring its fintech services.
The fintech start-up raises $70m from Japanese and Chinese financial powerhouses. It could use the money to execute acquisitions ahead of a long-awaited IPO.