China’s growing appetite for Indonesia shouldn’t discourage local founders, say VCs

Some of China’s biggest internet firms left no doubt about their intention to be part of Southeast Asia’s slowly awakening digital economy. In the past months, companies like Didi Chuxing, Alibaba, Tencent, and JD have poured billions of dollars into funding and acquiring businesses in the region, especially in Indonesia. Read More

#Luxury #etailer #Secoo Joins Battle With $100 Million #US #IPO

Secoo Holding, a leading Chinese luxury e-commerce company, filed with the U.S. Securities and Exchange Commission (SEC) on August 25, aiming to raise up to $100 million in an initial public offering (IPO). According to the filings, it plans to list on the Nasdaq under the symbol “SECO.” Currently, no pricing detail was disclosed. https://goo.gl/S8hp8f