Southeast Asia’s tech giants could ‘gobble up’ start-ups after going public, venture capitalist says

34
Comment
3

Southeast Asia’s tech giants could ‘gobble up’ start-ups after going public, venture capitalist says

CNBC2021-04-26

KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to Vinnie Lauria of Golden Gate Ventures.He said likely buyers would include Grab, ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

Jj1985
·2021-05-12
Comment and like
Reply
1
Report
ReenieQuartz
·2021-04-28
Good read..
Reply
Like
Report
HKFoong
·2021-04-26
Hopefully will be a good company and good earnings
Reply
Like
Report
DesmondChin
·2021-04-26
It's normal, big US tech gobble up small start-up, Chinese big tech invest into small start-up...if you can't compete, just invest or bought over it
Reply
2
Report
Fold Replies
- DesmondChin:
  like and share
  2021-04-26
  Reply
  Report
- Ljoney:
  Agree, like n share
  2021-04-26
  Reply
  Report
Wins888
·2021-04-26
Cool, how long will tech bulls run?
Reply
1
Report
y2k
·2021-04-26
Watch this space
Reply
4
Report
Fold Replies
- Shaldan:
  Okay
  2021-04-26
  Reply
  Report
- J999:
  Cool stuffs
  2021-04-26
  Reply
  Report
- y2k:
  Hopefully
  2021-04-26
  Reply
  Report
Junski
·2021-04-26
Grab is becoming ubiquitous in asia.
Reply
3
Report
Mechanicss00
·2021-04-26
Go Grab! Im looking forward to your future earnings
Reply
2
Report
erichosk
·2021-04-26
Acquisition is the fastest way to grow and gain the technical know-how.
Reply
Like
Report
Dhalsim Wee
·2021-04-26
no doubt and agree!
Reply
2
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1154900296?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-04-26 13:15","share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","id":"1154900296","market":"sg","top_or_hot":-1,"title":"Southeast Asia’s tech giants could ‘gobble up’ start-ups after going public, venture capitalist says","media":"CNBC","content":"<div>\n<p>KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to Vinnie Lauria of Golden Gate Ventures.He said likely buyers would include Grab, ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html\">Source Link</a>\n\n</div>\n","source":"cnbc_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Southeast Asia’s tech giants could ‘gobble up’ start-ups after going public, venture capitalist says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSoutheast Asia’s tech giants could ‘gobble up’ start-ups after going public, venture capitalist says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 13:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to Vinnie Lauria of Golden Gate Ventures.He said likely buyers would include Grab, ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"STI.SI","symbol_name":"富时新加坡海峡指数","start_time":0,"source_url":"https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html","article_id":"1154900296","we_media_id":null,"thumbnails":[],"rights":{"source":"cnbc_highlight","url":"https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html","rn_cache_url":null,"customStyle":"body{padding-top:10px;}.ArticleHeader-headline{#titleStyle#}a{#lv2TextColor#}.ArticleHeader-time, .Author-authorNameAndSocial a{#sourceStyle#;}","selectors":".PageBuilder-pageWrapper","filters":".ArticleHeader-eyebrow, .RelatedTags-relatedTags","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1154900296","pubTimestamp":1619414143,"sourceInfo":{"source_id":"cnbc_highlight","name":"CNBC"},"weMediaInfo":null,"summary":"KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go pub","collect":0,"end_time":0,"defaultTopTitle":"cnbc.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"STI.SI":"富时新加坡海峡指数","SE":"Sea Ltd"},"translate_title":"一位风险投资家说，东南亚科技巨头在上市后可能会“吞并”初创企业","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AGC":0.9,"SE":0.9,"STI.SI":0.9},"content_text":"KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to Vinnie Lauria of Golden Gate Ventures.He said likely buyers would include Grab, Sea as well as GoTo, the combined company if Indonesian behemoths Gojek and Tokopedia successfully merge.Lauria said his firm estimates that by 2025 there will be “a few hundred acquisitions being led primarily by these decacorns.”SINGAPORE — Southeast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to a managing partner of an early-stage venture capital firm.“They’re basically going to gobble up a number of start-ups,” Vinnie Lauria of Golden Gate Ventures told CNBC’s“Street Signs Asia”on Friday.He said likely buyers would include Grab, Sea as well as GoTo, the combined company if Indonesian behemoths Gojek and Tokopedia successfully merge.“Being listed on an exchange gives them the capital to grow, gives them the valuation to do these sort of acquisitions — a mix of cash and equity,” he said.Lauria noted that is “exactly what played out in China 10 to 15 years ago,” with Baidu, Alibaba and Tencent buying up smaller companies.Southeast Asia’s tech leadersSoftBank-backed Grab announced earlier this month that it is set to go public via a SPAC merger with Altimeter Group in a $39.6 billion deal, the largest such merger to date.Special purpose acquisition companies are shell companies that raise capital and merge with or acquire private firms. These deals provide companies an alternative route for going public, one that bypasses the traditional initial public offering process.Sea, which is listed on the New York Stock Exchange, held its IPO in 2017. GoTo’s merger has not been finalized, and both Gojek and Tokopedia are still private companies.Lauria said his firm estimates that by 2025 there will be “a few hundred acquisitions being led primarily by these decacorns.” The term “decacorn” refers to a start-up valued at more than $10 billion.Lauria said Southeast Asia’s start-up ecosystem may also be reaching a stage where some investors want to cash out.″(They) won’t necessarily be pushing for the company to sell itself, but they’re gonna be looking for secondary buyers. They’re going to be very interested in a merger, M&A sort of deal,” he said.“The secondary markets — which have been very, very low in Southeast Asia — we expect very large pickup there,” he added.Undervalued sectorsAs for sectors with growth potential in Southeast Asia, Lauria said he still thinks fintech is “very undervalued.”“There’s huge opportunity ahead because Visa and MasterCard don’t have the same penetration in Southeast Asia, so alternative payments is going to be huge,” he explained.Health care and education are also areas of interest.“Anything related to health tech will be big,” he said, and investors should “definitely” be looking at education tech.“In Southeast Asia it’s going to evolve very differently than the Western world, and we’re going to see some really interesting innovations here,” he said.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[{"id":191911065,"gmtCreate":1620832732457,"gmtModify":1704349128834,"author":{"id":"3555192598177225","authorId":"3555192598177225","name":"Jj1985","avatar":"https://static.tigerbbs.com/d52a052d654dfb301401489286662068","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Comment and like","listText":"Comment and like","text":"Comment and like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/191911065","repostId":1154900296,"repostType":2,"repost":{"id":"1154900296","pubTimestamp":1619414143,"share":"https://www.laohu8.com/m/news/1154900296?lang=&edition=full","pubTime":"2021-04-26 13:15","market":"sg","language":"en","title":"Southeast Asia’s tech giants could ‘gobble up’ start-ups after going public, venture capitalist says","url":"https://stock-news.laohu8.com/highlight/detail?id=1154900296","media":"CNBC","summary":"KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go pub","content":"<div>\n<p>KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to Vinnie Lauria of Golden Gate Ventures.He said likely buyers would include Grab, ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Southeast Asia’s tech giants could ‘gobble up’ start-ups after going public, venture capitalist says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSoutheast Asia’s tech giants could ‘gobble up’ start-ups after going public, venture capitalist says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 13:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to Vinnie Lauria of Golden Gate Ventures.He said likely buyers would include Grab, ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数","SE":"Sea Ltd"},"source_url":"https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1154900296","content_text":"KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to Vinnie Lauria of Golden Gate Ventures.He said likely buyers would include Grab, Sea as well as GoTo, the combined company if Indonesian behemoths Gojek and Tokopedia successfully merge.Lauria said his firm estimates that by 2025 there will be “a few hundred acquisitions being led primarily by these decacorns.”SINGAPORE — Southeast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to a managing partner of an early-stage venture capital firm.“They’re basically going to gobble up a number of start-ups,” Vinnie Lauria of Golden Gate Ventures told CNBC’s“Street Signs Asia”on Friday.He said likely buyers would include Grab, Sea as well as GoTo, the combined company if Indonesian behemoths Gojek and Tokopedia successfully merge.“Being listed on an exchange gives them the capital to grow, gives them the valuation to do these sort of acquisitions — a mix of cash and equity,” he said.Lauria noted that is “exactly what played out in China 10 to 15 years ago,” with Baidu, Alibaba and Tencent buying up smaller companies.Southeast Asia’s tech leadersSoftBank-backed Grab announced earlier this month that it is set to go public via a SPAC merger with Altimeter Group in a $39.6 billion deal, the largest such merger to date.Special purpose acquisition companies are shell companies that raise capital and merge with or acquire private firms. These deals provide companies an alternative route for going public, one that bypasses the traditional initial public offering process.Sea, which is listed on the New York Stock Exchange, held its IPO in 2017. GoTo’s merger has not been finalized, and both Gojek and Tokopedia are still private companies.Lauria said his firm estimates that by 2025 there will be “a few hundred acquisitions being led primarily by these decacorns.” The term “decacorn” refers to a start-up valued at more than $10 billion.Lauria said Southeast Asia’s start-up ecosystem may also be reaching a stage where some investors want to cash out.″(They) won’t necessarily be pushing for the company to sell itself, but they’re gonna be looking for secondary buyers. They’re going to be very interested in a merger, M&A sort of deal,” he said.“The secondary markets — which have been very, very low in Southeast Asia — we expect very large pickup there,” he added.Undervalued sectorsAs for sectors with growth potential in Southeast Asia, Lauria said he still thinks fintech is “very undervalued.”“There’s huge opportunity ahead because Visa and MasterCard don’t have the same penetration in Southeast Asia, so alternative payments is going to be huge,” he explained.Health care and education are also areas of interest.“Anything related to health tech will be big,” he said, and investors should “definitely” be looking at education tech.“In Southeast Asia it’s going to evolve very differently than the Western world, and we’re going to see some really interesting innovations here,” he said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":100261739,"gmtCreate":1619617553921,"gmtModify":1704726871230,"author":{"id":"3579471459575380","authorId":"3579471459575380","name":"ReenieQuartz","avatar":"https://static.tigerbbs.com/c81b6e121088c7ef8dd0cbc874af838a","vip":1,"crmLevel":3,"crmLevelSwitch":1},"htmlText":"Good read..","listText":"Good read..","text":"Good read..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/100261739","repostId":1154900296,"repostType":2,"repost":{"id":"1154900296","pubTimestamp":1619414143,"share":"https://www.laohu8.com/m/news/1154900296?lang=&edition=full","pubTime":"2021-04-26 13:15","market":"sg","language":"en","title":"Southeast Asia’s tech giants could ‘gobble up’ start-ups after going public, venture capitalist says","url":"https://stock-news.laohu8.com/highlight/detail?id=1154900296","media":"CNBC","summary":"KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go pub","content":"<div>\n<p>KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to Vinnie Lauria of Golden Gate Ventures.He said likely buyers would include Grab, ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Southeast Asia’s tech giants could ‘gobble up’ start-ups after going public, venture capitalist says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSoutheast Asia’s tech giants could ‘gobble up’ start-ups after going public, venture capitalist says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 13:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to Vinnie Lauria of Golden Gate Ventures.He said likely buyers would include Grab, ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数","SE":"Sea Ltd"},"source_url":"https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1154900296","content_text":"KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to Vinnie Lauria of Golden Gate Ventures.He said likely buyers would include Grab, Sea as well as GoTo, the combined company if Indonesian behemoths Gojek and Tokopedia successfully merge.Lauria said his firm estimates that by 2025 there will be “a few hundred acquisitions being led primarily by these decacorns.”SINGAPORE — Southeast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to a managing partner of an early-stage venture capital firm.“They’re basically going to gobble up a number of start-ups,” Vinnie Lauria of Golden Gate Ventures told CNBC’s“Street Signs Asia”on Friday.He said likely buyers would include Grab, Sea as well as GoTo, the combined company if Indonesian behemoths Gojek and Tokopedia successfully merge.“Being listed on an exchange gives them the capital to grow, gives them the valuation to do these sort of acquisitions — a mix of cash and equity,” he said.Lauria noted that is “exactly what played out in China 10 to 15 years ago,” with Baidu, Alibaba and Tencent buying up smaller companies.Southeast Asia’s tech leadersSoftBank-backed Grab announced earlier this month that it is set to go public via a SPAC merger with Altimeter Group in a $39.6 billion deal, the largest such merger to date.Special purpose acquisition companies are shell companies that raise capital and merge with or acquire private firms. These deals provide companies an alternative route for going public, one that bypasses the traditional initial public offering process.Sea, which is listed on the New York Stock Exchange, held its IPO in 2017. GoTo’s merger has not been finalized, and both Gojek and Tokopedia are still private companies.Lauria said his firm estimates that by 2025 there will be “a few hundred acquisitions being led primarily by these decacorns.” The term “decacorn” refers to a start-up valued at more than $10 billion.Lauria said Southeast Asia’s start-up ecosystem may also be reaching a stage where some investors want to cash out.″(They) won’t necessarily be pushing for the company to sell itself, but they’re gonna be looking for secondary buyers. They’re going to be very interested in a merger, M&A sort of deal,” he said.“The secondary markets — which have been very, very low in Southeast Asia — we expect very large pickup there,” he added.Undervalued sectorsAs for sectors with growth potential in Southeast Asia, Lauria said he still thinks fintech is “very undervalued.”“There’s huge opportunity ahead because Visa and MasterCard don’t have the same penetration in Southeast Asia, so alternative payments is going to be huge,” he explained.Health care and education are also areas of interest.“Anything related to health tech will be big,” he said, and investors should “definitely” be looking at education tech.“In Southeast Asia it’s going to evolve very differently than the Western world, and we’re going to see some really interesting innovations here,” he said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":374698164,"gmtCreate":1619442992658,"gmtModify":1704723925661,"author":{"id":"3570946671036962","authorId":"3570946671036962","name":"HKFoong","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Hopefully will be a good company and good earnings&nbsp;","listText":"Hopefully will be a good company and good earnings&nbsp;","text":"Hopefully will be a good company and good earnings","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/374698164","repostId":1154900296,"repostType":2,"repost":{"id":"1154900296","pubTimestamp":1619414143,"share":"https://www.laohu8.com/m/news/1154900296?lang=&edition=full","pubTime":"2021-04-26 13:15","market":"sg","language":"en","title":"Southeast Asia’s tech giants could ‘gobble up’ start-ups after going public, venture capitalist says","url":"https://stock-news.laohu8.com/highlight/detail?id=1154900296","media":"CNBC","summary":"KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go pub","content":"<div>\n<p>KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to Vinnie Lauria of Golden Gate Ventures.He said likely buyers would include Grab, ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Southeast Asia’s tech giants could ‘gobble up’ start-ups after going public, venture capitalist says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSoutheast Asia’s tech giants could ‘gobble up’ start-ups after going public, venture capitalist says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 13:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to Vinnie Lauria of Golden Gate Ventures.He said likely buyers would include Grab, ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数","SE":"Sea Ltd"},"source_url":"https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1154900296","content_text":"KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to Vinnie Lauria of Golden Gate Ventures.He said likely buyers would include Grab, Sea as well as GoTo, the combined company if Indonesian behemoths Gojek and Tokopedia successfully merge.Lauria said his firm estimates that by 2025 there will be “a few hundred acquisitions being led primarily by these decacorns.”SINGAPORE — Southeast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to a managing partner of an early-stage venture capital firm.“They’re basically going to gobble up a number of start-ups,” Vinnie Lauria of Golden Gate Ventures told CNBC’s“Street Signs Asia”on Friday.He said likely buyers would include Grab, Sea as well as GoTo, the combined company if Indonesian behemoths Gojek and Tokopedia successfully merge.“Being listed on an exchange gives them the capital to grow, gives them the valuation to do these sort of acquisitions — a mix of cash and equity,” he said.Lauria noted that is “exactly what played out in China 10 to 15 years ago,” with Baidu, Alibaba and Tencent buying up smaller companies.Southeast Asia’s tech leadersSoftBank-backed Grab announced earlier this month that it is set to go public via a SPAC merger with Altimeter Group in a $39.6 billion deal, the largest such merger to date.Special purpose acquisition companies are shell companies that raise capital and merge with or acquire private firms. These deals provide companies an alternative route for going public, one that bypasses the traditional initial public offering process.Sea, which is listed on the New York Stock Exchange, held its IPO in 2017. GoTo’s merger has not been finalized, and both Gojek and Tokopedia are still private companies.Lauria said his firm estimates that by 2025 there will be “a few hundred acquisitions being led primarily by these decacorns.” The term “decacorn” refers to a start-up valued at more than $10 billion.Lauria said Southeast Asia’s start-up ecosystem may also be reaching a stage where some investors want to cash out.″(They) won’t necessarily be pushing for the company to sell itself, but they’re gonna be looking for secondary buyers. They’re going to be very interested in a merger, M&A sort of deal,” he said.“The secondary markets — which have been very, very low in Southeast Asia — we expect very large pickup there,” he added.Undervalued sectorsAs for sectors with growth potential in Southeast Asia, Lauria said he still thinks fintech is “very undervalued.”“There’s huge opportunity ahead because Visa and MasterCard don’t have the same penetration in Southeast Asia, so alternative payments is going to be huge,” he explained.Health care and education are also areas of interest.“Anything related to health tech will be big,” he said, and investors should “definitely” be looking at education tech.“In Southeast Asia it’s going to evolve very differently than the Western world, and we’re going to see some really interesting innovations here,” he said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":374311554,"gmtCreate":1619417890578,"gmtModify":1704723531301,"author":{"id":"3578983795474363","authorId":"3578983795474363","name":"DesmondChin","avatar":"https://static.tigerbbs.com/b90cb6b6a6c328ac8d02a829e5e7c835","vip":1,"hat":"https://static.tigerbbs.com/46b6808e1ba3716fb9c53339adffa3c5","crmLevel":3,"crmLevelSwitch":1},"htmlText":"It's normal, big US tech gobble up small start-up, Chinese big tech invest into small start-up...if you can't compete, just invest or bought over it","listText":"It's normal, big US tech gobble up small start-up, Chinese big tech invest into small start-up...if you can't compete, just invest or bought over it","text":"It's normal, big US tech gobble up small start-up, Chinese big tech invest into small start-up...if you can't compete, just invest or bought over it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/374311554","repostId":1154900296,"repostType":4,"repost":{"id":"1154900296","pubTimestamp":1619414143,"share":"https://www.laohu8.com/m/news/1154900296?lang=&edition=full","pubTime":"2021-04-26 13:15","market":"sg","language":"en","title":"Southeast Asia’s tech giants could ‘gobble up’ start-ups after going public, venture capitalist says","url":"https://stock-news.laohu8.com/highlight/detail?id=1154900296","media":"CNBC","summary":"KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go pub","content":"<div>\n<p>KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to Vinnie Lauria of Golden Gate Ventures.He said likely buyers would include Grab, ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Southeast Asia’s tech giants could ‘gobble up’ start-ups after going public, venture capitalist says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSoutheast Asia’s tech giants could ‘gobble up’ start-ups after going public, venture capitalist says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 13:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to Vinnie Lauria of Golden Gate Ventures.He said likely buyers would include Grab, ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数","SE":"Sea Ltd"},"source_url":"https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1154900296","content_text":"KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to Vinnie Lauria of Golden Gate Ventures.He said likely buyers would include Grab, Sea as well as GoTo, the combined company if Indonesian behemoths Gojek and Tokopedia successfully merge.Lauria said his firm estimates that by 2025 there will be “a few hundred acquisitions being led primarily by these decacorns.”SINGAPORE — Southeast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to a managing partner of an early-stage venture capital firm.“They’re basically going to gobble up a number of start-ups,” Vinnie Lauria of Golden Gate Ventures told CNBC’s“Street Signs Asia”on Friday.He said likely buyers would include Grab, Sea as well as GoTo, the combined company if Indonesian behemoths Gojek and Tokopedia successfully merge.“Being listed on an exchange gives them the capital to grow, gives them the valuation to do these sort of acquisitions — a mix of cash and equity,” he said.Lauria noted that is “exactly what played out in China 10 to 15 years ago,” with Baidu, Alibaba and Tencent buying up smaller companies.Southeast Asia’s tech leadersSoftBank-backed Grab announced earlier this month that it is set to go public via a SPAC merger with Altimeter Group in a $39.6 billion deal, the largest such merger to date.Special purpose acquisition companies are shell companies that raise capital and merge with or acquire private firms. These deals provide companies an alternative route for going public, one that bypasses the traditional initial public offering process.Sea, which is listed on the New York Stock Exchange, held its IPO in 2017. GoTo’s merger has not been finalized, and both Gojek and Tokopedia are still private companies.Lauria said his firm estimates that by 2025 there will be “a few hundred acquisitions being led primarily by these decacorns.” The term “decacorn” refers to a start-up valued at more than $10 billion.Lauria said Southeast Asia’s start-up ecosystem may also be reaching a stage where some investors want to cash out.″(They) won’t necessarily be pushing for the company to sell itself, but they’re gonna be looking for secondary buyers. They’re going to be very interested in a merger, M&A sort of deal,” he said.“The secondary markets — which have been very, very low in Southeast Asia — we expect very large pickup there,” he added.Undervalued sectorsAs for sectors with growth potential in Southeast Asia, Lauria said he still thinks fintech is “very undervalued.”“There’s huge opportunity ahead because Visa and MasterCard don’t have the same penetration in Southeast Asia, so alternative payments is going to be huge,” he explained.Health care and education are also areas of interest.“Anything related to health tech will be big,” he said, and investors should “definitely” be looking at education tech.“In Southeast Asia it’s going to evolve very differently than the Western world, and we’re going to see some really interesting innovations here,” he said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4137666,"gmtCreate":1619433443820,"gmtModify":1680785658286,"authorId":3578983795474363,"author":{"id":3578983795474363,"authorId":3578983795474363,"name":"DesmondChin","avatar":"https://static.tigerbbs.com/b90cb6b6a6c328ac8d02a829e5e7c835","vip":1,"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":374311554,"type":1,"supId":4136302,"prevId":0,"content":"like and <u>share</u>","text":"like and <u>share</u>","html":"like and <u>share</u>"},{"id":4136302,"gmtCreate":1619419759215,"gmtModify":1680785639902,"authorId":3581591015314710,"author":{"id":3581591015314710,"authorId":3581591015314710,"name":"Ljoney","avatar":"https://static.tigerbbs.com/8376cac12c1b661feac4d507eb1379e4","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":374311554,"type":1,"supId":0,"prevId":0,"content":"Agree, like n share","text":"Agree, like n share","html":"Agree, like n share"}],"langContent":"EN"},{"id":374393624,"gmtCreate":1619415782068,"gmtModify":1704723501770,"author":{"id":"3573623994106312","authorId":"3573623994106312","name":"Wins888","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Cool, how long will tech bulls run?","listText":"Cool, how long will tech bulls run?","text":"Cool, how long will tech bulls run?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/374393624","repostId":1154900296,"repostType":4,"repost":{"id":"1154900296","pubTimestamp":1619414143,"share":"https://www.laohu8.com/m/news/1154900296?lang=&edition=full","pubTime":"2021-04-26 13:15","market":"sg","language":"en","title":"Southeast Asia’s tech giants could ‘gobble up’ start-ups after going public, venture capitalist says","url":"https://stock-news.laohu8.com/highlight/detail?id=1154900296","media":"CNBC","summary":"KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go pub","content":"<div>\n<p>KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to Vinnie Lauria of Golden Gate Ventures.He said likely buyers would include Grab, ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Southeast Asia’s tech giants could ‘gobble up’ start-ups after going public, venture capitalist says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSoutheast Asia’s tech giants could ‘gobble up’ start-ups after going public, venture capitalist says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 13:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to Vinnie Lauria of Golden Gate Ventures.He said likely buyers would include Grab, ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数","SE":"Sea Ltd"},"source_url":"https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1154900296","content_text":"KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to Vinnie Lauria of Golden Gate Ventures.He said likely buyers would include Grab, Sea as well as GoTo, the combined company if Indonesian behemoths Gojek and Tokopedia successfully merge.Lauria said his firm estimates that by 2025 there will be “a few hundred acquisitions being led primarily by these decacorns.”SINGAPORE — Southeast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to a managing partner of an early-stage venture capital firm.“They’re basically going to gobble up a number of start-ups,” Vinnie Lauria of Golden Gate Ventures told CNBC’s“Street Signs Asia”on Friday.He said likely buyers would include Grab, Sea as well as GoTo, the combined company if Indonesian behemoths Gojek and Tokopedia successfully merge.“Being listed on an exchange gives them the capital to grow, gives them the valuation to do these sort of acquisitions — a mix of cash and equity,” he said.Lauria noted that is “exactly what played out in China 10 to 15 years ago,” with Baidu, Alibaba and Tencent buying up smaller companies.Southeast Asia’s tech leadersSoftBank-backed Grab announced earlier this month that it is set to go public via a SPAC merger with Altimeter Group in a $39.6 billion deal, the largest such merger to date.Special purpose acquisition companies are shell companies that raise capital and merge with or acquire private firms. These deals provide companies an alternative route for going public, one that bypasses the traditional initial public offering process.Sea, which is listed on the New York Stock Exchange, held its IPO in 2017. GoTo’s merger has not been finalized, and both Gojek and Tokopedia are still private companies.Lauria said his firm estimates that by 2025 there will be “a few hundred acquisitions being led primarily by these decacorns.” The term “decacorn” refers to a start-up valued at more than $10 billion.Lauria said Southeast Asia’s start-up ecosystem may also be reaching a stage where some investors want to cash out.″(They) won’t necessarily be pushing for the company to sell itself, but they’re gonna be looking for secondary buyers. They’re going to be very interested in a merger, M&A sort of deal,” he said.“The secondary markets — which have been very, very low in Southeast Asia — we expect very large pickup there,” he added.Undervalued sectorsAs for sectors with growth potential in Southeast Asia, Lauria said he still thinks fintech is “very undervalued.”“There’s huge opportunity ahead because Visa and MasterCard don’t have the same penetration in Southeast Asia, so alternative payments is going to be huge,” he explained.Health care and education are also areas of interest.“Anything related to health tech will be big,” he said, and investors should “definitely” be looking at education tech.“In Southeast Asia it’s going to evolve very differently than the Western world, and we’re going to see some really interesting innovations here,” he said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":374399647,"gmtCreate":1619415689889,"gmtModify":1704723498842,"author":{"id":"3573008335393762","authorId":"3573008335393762","name":"y2k","avatar":"https://static.tigerbbs.com/cb261c0b6daccd3f22e7ee12ad6ec7d6","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Watch this space","listText":"Watch this space","text":"Watch this space","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/374399647","repostId":1154900296,"repostType":4,"repost":{"id":"1154900296","pubTimestamp":1619414143,"share":"https://www.laohu8.com/m/news/1154900296?lang=&edition=full","pubTime":"2021-04-26 13:15","market":"sg","language":"en","title":"Southeast Asia’s tech giants could ‘gobble up’ start-ups after going public, venture capitalist says","url":"https://stock-news.laohu8.com/highlight/detail?id=1154900296","media":"CNBC","summary":"KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go pub","content":"<div>\n<p>KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to Vinnie Lauria of Golden Gate Ventures.He said likely buyers would include Grab, ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Southeast Asia’s tech giants could ‘gobble up’ start-ups after going public, venture capitalist says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSoutheast Asia’s tech giants could ‘gobble up’ start-ups after going public, venture capitalist says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 13:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to Vinnie Lauria of Golden Gate Ventures.He said likely buyers would include Grab, ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数","SE":"Sea Ltd"},"source_url":"https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1154900296","content_text":"KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to Vinnie Lauria of Golden Gate Ventures.He said likely buyers would include Grab, Sea as well as GoTo, the combined company if Indonesian behemoths Gojek and Tokopedia successfully merge.Lauria said his firm estimates that by 2025 there will be “a few hundred acquisitions being led primarily by these decacorns.”SINGAPORE — Southeast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to a managing partner of an early-stage venture capital firm.“They’re basically going to gobble up a number of start-ups,” Vinnie Lauria of Golden Gate Ventures told CNBC’s“Street Signs Asia”on Friday.He said likely buyers would include Grab, Sea as well as GoTo, the combined company if Indonesian behemoths Gojek and Tokopedia successfully merge.“Being listed on an exchange gives them the capital to grow, gives them the valuation to do these sort of acquisitions — a mix of cash and equity,” he said.Lauria noted that is “exactly what played out in China 10 to 15 years ago,” with Baidu, Alibaba and Tencent buying up smaller companies.Southeast Asia’s tech leadersSoftBank-backed Grab announced earlier this month that it is set to go public via a SPAC merger with Altimeter Group in a $39.6 billion deal, the largest such merger to date.Special purpose acquisition companies are shell companies that raise capital and merge with or acquire private firms. These deals provide companies an alternative route for going public, one that bypasses the traditional initial public offering process.Sea, which is listed on the New York Stock Exchange, held its IPO in 2017. GoTo’s merger has not been finalized, and both Gojek and Tokopedia are still private companies.Lauria said his firm estimates that by 2025 there will be “a few hundred acquisitions being led primarily by these decacorns.” The term “decacorn” refers to a start-up valued at more than $10 billion.Lauria said Southeast Asia’s start-up ecosystem may also be reaching a stage where some investors want to cash out.″(They) won’t necessarily be pushing for the company to sell itself, but they’re gonna be looking for secondary buyers. They’re going to be very interested in a merger, M&A sort of deal,” he said.“The secondary markets — which have been very, very low in Southeast Asia — we expect very large pickup there,” he added.Undervalued sectorsAs for sectors with growth potential in Southeast Asia, Lauria said he still thinks fintech is “very undervalued.”“There’s huge opportunity ahead because Visa and MasterCard don’t have the same penetration in Southeast Asia, so alternative payments is going to be huge,” he explained.Health care and education are also areas of interest.“Anything related to health tech will be big,” he said, and investors should “definitely” be looking at education tech.“In Southeast Asia it’s going to evolve very differently than the Western world, and we’re going to see some really interesting innovations here,” he said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4136391,"gmtCreate":1619420958759,"gmtModify":1680785639082,"authorId":3556174074962105,"author":{"id":3556174074962105,"authorId":3556174074962105,"name":"Shaldan","avatar":"https://static.tigerbbs.com/8baaa01ce9be55b03b06603ab7f576e0","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":374399647,"type":1,"supId":0,"prevId":0,"content":"Okay","text":"Okay","html":"Okay"},{"id":4135957,"gmtCreate":1619415971245,"gmtModify":1680785627409,"authorId":3560834065076807,"author":{"id":3560834065076807,"authorId":3560834065076807,"name":"J999","avatar":"https://static.tigerbbs.com/0f9f1800d3a366281ffecc1298808c82","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":374399647,"type":1,"supId":0,"prevId":0,"content":"Cool <u>stuffs</u>","text":"Cool <u>stuffs</u>","html":"Cool <u>stuffs</u>"},{"id":4135960,"gmtCreate":1619416017731,"gmtModify":1680785627206,"authorId":3573008335393762,"author":{"id":3573008335393762,"authorId":3573008335393762,"name":"y2k","avatar":"https://static.tigerbbs.com/cb261c0b6daccd3f22e7ee12ad6ec7d6","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":374399647,"type":1,"supId":4135957,"prevId":0,"content":"<u>Hopefully</u>","text":"<u>Hopefully</u>","html":"<u>Hopefully</u>"}],"langContent":"EN"},{"id":374399887,"gmtCreate":1619415676949,"gmtModify":1704723498681,"author":{"id":"3574483362627447","authorId":"3574483362627447","name":"Junski","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Grab is becoming ubiquitous in asia.","listText":"Grab is becoming ubiquitous in asia.","text":"Grab is becoming ubiquitous in asia.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/374399887","repostId":1154900296,"repostType":4,"repost":{"id":"1154900296","pubTimestamp":1619414143,"share":"https://www.laohu8.com/m/news/1154900296?lang=&edition=full","pubTime":"2021-04-26 13:15","market":"sg","language":"en","title":"Southeast Asia’s tech giants could ‘gobble up’ start-ups after going public, venture capitalist says","url":"https://stock-news.laohu8.com/highlight/detail?id=1154900296","media":"CNBC","summary":"KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go pub","content":"<div>\n<p>KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to Vinnie Lauria of Golden Gate Ventures.He said likely buyers would include Grab, ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Southeast Asia’s tech giants could ‘gobble up’ start-ups after going public, venture capitalist says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSoutheast Asia’s tech giants could ‘gobble up’ start-ups after going public, venture capitalist says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 13:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to Vinnie Lauria of Golden Gate Ventures.He said likely buyers would include Grab, ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数","SE":"Sea Ltd"},"source_url":"https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1154900296","content_text":"KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to Vinnie Lauria of Golden Gate Ventures.He said likely buyers would include Grab, Sea as well as GoTo, the combined company if Indonesian behemoths Gojek and Tokopedia successfully merge.Lauria said his firm estimates that by 2025 there will be “a few hundred acquisitions being led primarily by these decacorns.”SINGAPORE — Southeast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to a managing partner of an early-stage venture capital firm.“They’re basically going to gobble up a number of start-ups,” Vinnie Lauria of Golden Gate Ventures told CNBC’s“Street Signs Asia”on Friday.He said likely buyers would include Grab, Sea as well as GoTo, the combined company if Indonesian behemoths Gojek and Tokopedia successfully merge.“Being listed on an exchange gives them the capital to grow, gives them the valuation to do these sort of acquisitions — a mix of cash and equity,” he said.Lauria noted that is “exactly what played out in China 10 to 15 years ago,” with Baidu, Alibaba and Tencent buying up smaller companies.Southeast Asia’s tech leadersSoftBank-backed Grab announced earlier this month that it is set to go public via a SPAC merger with Altimeter Group in a $39.6 billion deal, the largest such merger to date.Special purpose acquisition companies are shell companies that raise capital and merge with or acquire private firms. These deals provide companies an alternative route for going public, one that bypasses the traditional initial public offering process.Sea, which is listed on the New York Stock Exchange, held its IPO in 2017. GoTo’s merger has not been finalized, and both Gojek and Tokopedia are still private companies.Lauria said his firm estimates that by 2025 there will be “a few hundred acquisitions being led primarily by these decacorns.” The term “decacorn” refers to a start-up valued at more than $10 billion.Lauria said Southeast Asia’s start-up ecosystem may also be reaching a stage where some investors want to cash out.″(They) won’t necessarily be pushing for the company to sell itself, but they’re gonna be looking for secondary buyers. They’re going to be very interested in a merger, M&A sort of deal,” he said.“The secondary markets — which have been very, very low in Southeast Asia — we expect very large pickup there,” he added.Undervalued sectorsAs for sectors with growth potential in Southeast Asia, Lauria said he still thinks fintech is “very undervalued.”“There’s huge opportunity ahead because Visa and MasterCard don’t have the same penetration in Southeast Asia, so alternative payments is going to be huge,” he explained.Health care and education are also areas of interest.“Anything related to health tech will be big,” he said, and investors should “definitely” be looking at education tech.“In Southeast Asia it’s going to evolve very differently than the Western world, and we’re going to see some really interesting innovations here,” he said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":374390883,"gmtCreate":1619415556342,"gmtModify":1704723497711,"author":{"id":"3571739525531959","authorId":"3571739525531959","name":"Mechanicss00","avatar":"https://static.tigerbbs.com/9c4a7d6c92fbbbab2719922987a4faa9","vip":1,"crmLevel":2,"crmLevelSwitch":1},"htmlText":"Go Grab! Im looking forward to&nbsp;your future earnings","listText":"Go Grab! Im looking forward to&nbsp;your future earnings","text":"Go Grab! Im looking forward to your future earnings","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/374390883","repostId":1154900296,"repostType":4,"repost":{"id":"1154900296","pubTimestamp":1619414143,"share":"https://www.laohu8.com/m/news/1154900296?lang=&edition=full","pubTime":"2021-04-26 13:15","market":"sg","language":"en","title":"Southeast Asia’s tech giants could ‘gobble up’ start-ups after going public, venture capitalist says","url":"https://stock-news.laohu8.com/highlight/detail?id=1154900296","media":"CNBC","summary":"KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go pub","content":"<div>\n<p>KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to Vinnie Lauria of Golden Gate Ventures.He said likely buyers would include Grab, ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Southeast Asia’s tech giants could ‘gobble up’ start-ups after going public, venture capitalist says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSoutheast Asia’s tech giants could ‘gobble up’ start-ups after going public, venture capitalist says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 13:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to Vinnie Lauria of Golden Gate Ventures.He said likely buyers would include Grab, ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数","SE":"Sea Ltd"},"source_url":"https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1154900296","content_text":"KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to Vinnie Lauria of Golden Gate Ventures.He said likely buyers would include Grab, Sea as well as GoTo, the combined company if Indonesian behemoths Gojek and Tokopedia successfully merge.Lauria said his firm estimates that by 2025 there will be “a few hundred acquisitions being led primarily by these decacorns.”SINGAPORE — Southeast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to a managing partner of an early-stage venture capital firm.“They’re basically going to gobble up a number of start-ups,” Vinnie Lauria of Golden Gate Ventures told CNBC’s“Street Signs Asia”on Friday.He said likely buyers would include Grab, Sea as well as GoTo, the combined company if Indonesian behemoths Gojek and Tokopedia successfully merge.“Being listed on an exchange gives them the capital to grow, gives them the valuation to do these sort of acquisitions — a mix of cash and equity,” he said.Lauria noted that is “exactly what played out in China 10 to 15 years ago,” with Baidu, Alibaba and Tencent buying up smaller companies.Southeast Asia’s tech leadersSoftBank-backed Grab announced earlier this month that it is set to go public via a SPAC merger with Altimeter Group in a $39.6 billion deal, the largest such merger to date.Special purpose acquisition companies are shell companies that raise capital and merge with or acquire private firms. These deals provide companies an alternative route for going public, one that bypasses the traditional initial public offering process.Sea, which is listed on the New York Stock Exchange, held its IPO in 2017. GoTo’s merger has not been finalized, and both Gojek and Tokopedia are still private companies.Lauria said his firm estimates that by 2025 there will be “a few hundred acquisitions being led primarily by these decacorns.” The term “decacorn” refers to a start-up valued at more than $10 billion.Lauria said Southeast Asia’s start-up ecosystem may also be reaching a stage where some investors want to cash out.″(They) won’t necessarily be pushing for the company to sell itself, but they’re gonna be looking for secondary buyers. They’re going to be very interested in a merger, M&A sort of deal,” he said.“The secondary markets — which have been very, very low in Southeast Asia — we expect very large pickup there,” he added.Undervalued sectorsAs for sectors with growth potential in Southeast Asia, Lauria said he still thinks fintech is “very undervalued.”“There’s huge opportunity ahead because Visa and MasterCard don’t have the same penetration in Southeast Asia, so alternative payments is going to be huge,” he explained.Health care and education are also areas of interest.“Anything related to health tech will be big,” he said, and investors should “definitely” be looking at education tech.“In Southeast Asia it’s going to evolve very differently than the Western world, and we’re going to see some really interesting innovations here,” he said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":374307276,"gmtCreate":1619415445195,"gmtModify":1704723496740,"author":{"id":"3575433293784452","authorId":"3575433293784452","name":"erichosk","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":1,"crmLevelSwitch":0},"htmlText":"Acquisition is the fastest way to grow and gain the technical know-how.","listText":"Acquisition is the fastest way to grow and gain the technical know-how.","text":"Acquisition is the fastest way to grow and gain the technical know-how.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/374307276","repostId":1154900296,"repostType":4,"repost":{"id":"1154900296","pubTimestamp":1619414143,"share":"https://www.laohu8.com/m/news/1154900296?lang=&edition=full","pubTime":"2021-04-26 13:15","market":"sg","language":"en","title":"Southeast Asia’s tech giants could ‘gobble up’ start-ups after going public, venture capitalist says","url":"https://stock-news.laohu8.com/highlight/detail?id=1154900296","media":"CNBC","summary":"KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go pub","content":"<div>\n<p>KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to Vinnie Lauria of Golden Gate Ventures.He said likely buyers would include Grab, ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Southeast Asia’s tech giants could ‘gobble up’ start-ups after going public, venture capitalist says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSoutheast Asia’s tech giants could ‘gobble up’ start-ups after going public, venture capitalist says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 13:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to Vinnie Lauria of Golden Gate Ventures.He said likely buyers would include Grab, ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数","SE":"Sea Ltd"},"source_url":"https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1154900296","content_text":"KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to Vinnie Lauria of Golden Gate Ventures.He said likely buyers would include Grab, Sea as well as GoTo, the combined company if Indonesian behemoths Gojek and Tokopedia successfully merge.Lauria said his firm estimates that by 2025 there will be “a few hundred acquisitions being led primarily by these decacorns.”SINGAPORE — Southeast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to a managing partner of an early-stage venture capital firm.“They’re basically going to gobble up a number of start-ups,” Vinnie Lauria of Golden Gate Ventures told CNBC’s“Street Signs Asia”on Friday.He said likely buyers would include Grab, Sea as well as GoTo, the combined company if Indonesian behemoths Gojek and Tokopedia successfully merge.“Being listed on an exchange gives them the capital to grow, gives them the valuation to do these sort of acquisitions — a mix of cash and equity,” he said.Lauria noted that is “exactly what played out in China 10 to 15 years ago,” with Baidu, Alibaba and Tencent buying up smaller companies.Southeast Asia’s tech leadersSoftBank-backed Grab announced earlier this month that it is set to go public via a SPAC merger with Altimeter Group in a $39.6 billion deal, the largest such merger to date.Special purpose acquisition companies are shell companies that raise capital and merge with or acquire private firms. These deals provide companies an alternative route for going public, one that bypasses the traditional initial public offering process.Sea, which is listed on the New York Stock Exchange, held its IPO in 2017. GoTo’s merger has not been finalized, and both Gojek and Tokopedia are still private companies.Lauria said his firm estimates that by 2025 there will be “a few hundred acquisitions being led primarily by these decacorns.” The term “decacorn” refers to a start-up valued at more than $10 billion.Lauria said Southeast Asia’s start-up ecosystem may also be reaching a stage where some investors want to cash out.″(They) won’t necessarily be pushing for the company to sell itself, but they’re gonna be looking for secondary buyers. They’re going to be very interested in a merger, M&A sort of deal,” he said.“The secondary markets — which have been very, very low in Southeast Asia — we expect very large pickup there,” he added.Undervalued sectorsAs for sectors with growth potential in Southeast Asia, Lauria said he still thinks fintech is “very undervalued.”“There’s huge opportunity ahead because Visa and MasterCard don’t have the same penetration in Southeast Asia, so alternative payments is going to be huge,” he explained.Health care and education are also areas of interest.“Anything related to health tech will be big,” he said, and investors should “definitely” be looking at education tech.“In Southeast Asia it’s going to evolve very differently than the Western world, and we’re going to see some really interesting innovations here,” he said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":374302160,"gmtCreate":1619415032750,"gmtModify":1704723491561,"author":{"id":"3573082020282164","authorId":"3573082020282164","name":"Dhalsim Wee","avatar":"https://community-static.tradeup.com/news/13ec42346e39510aa6641f12e2a56638","vip":1,"hat":"https://static.tigerbbs.com/646756f1284a5a6480ed02cc4fa7d1d2","crmLevel":5,"crmLevelSwitch":0},"htmlText":"no doubt and agree!","listText":"no doubt and agree!","text":"no doubt and agree!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/374302160","repostId":1154900296,"repostType":4,"repost":{"id":"1154900296","pubTimestamp":1619414143,"share":"https://www.laohu8.com/m/news/1154900296?lang=&edition=full","pubTime":"2021-04-26 13:15","market":"sg","language":"en","title":"Southeast Asia’s tech giants could ‘gobble up’ start-ups after going public, venture capitalist says","url":"https://stock-news.laohu8.com/highlight/detail?id=1154900296","media":"CNBC","summary":"KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go pub","content":"<div>\n<p>KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to Vinnie Lauria of Golden Gate Ventures.He said likely buyers would include Grab, ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Southeast Asia’s tech giants could ‘gobble up’ start-ups after going public, venture capitalist says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSoutheast Asia’s tech giants could ‘gobble up’ start-ups after going public, venture capitalist says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 13:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to Vinnie Lauria of Golden Gate Ventures.He said likely buyers would include Grab, ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数","SE":"Sea Ltd"},"source_url":"https://www.cnbc.com/2021/04/26/grab-goto-sea-could-gobble-up-start-ups-in-southeast-asia-vc.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1154900296","content_text":"KEY POINTSSoutheast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to Vinnie Lauria of Golden Gate Ventures.He said likely buyers would include Grab, Sea as well as GoTo, the combined company if Indonesian behemoths Gojek and Tokopedia successfully merge.Lauria said his firm estimates that by 2025 there will be “a few hundred acquisitions being led primarily by these decacorns.”SINGAPORE — Southeast Asia’s tech giants could buy up start-ups using funds they gain when they go public, according to a managing partner of an early-stage venture capital firm.“They’re basically going to gobble up a number of start-ups,” Vinnie Lauria of Golden Gate Ventures told CNBC’s“Street Signs Asia”on Friday.He said likely buyers would include Grab, Sea as well as GoTo, the combined company if Indonesian behemoths Gojek and Tokopedia successfully merge.“Being listed on an exchange gives them the capital to grow, gives them the valuation to do these sort of acquisitions — a mix of cash and equity,” he said.Lauria noted that is “exactly what played out in China 10 to 15 years ago,” with Baidu, Alibaba and Tencent buying up smaller companies.Southeast Asia’s tech leadersSoftBank-backed Grab announced earlier this month that it is set to go public via a SPAC merger with Altimeter Group in a $39.6 billion deal, the largest such merger to date.Special purpose acquisition companies are shell companies that raise capital and merge with or acquire private firms. These deals provide companies an alternative route for going public, one that bypasses the traditional initial public offering process.Sea, which is listed on the New York Stock Exchange, held its IPO in 2017. GoTo’s merger has not been finalized, and both Gojek and Tokopedia are still private companies.Lauria said his firm estimates that by 2025 there will be “a few hundred acquisitions being led primarily by these decacorns.” The term “decacorn” refers to a start-up valued at more than $10 billion.Lauria said Southeast Asia’s start-up ecosystem may also be reaching a stage where some investors want to cash out.″(They) won’t necessarily be pushing for the company to sell itself, but they’re gonna be looking for secondary buyers. They’re going to be very interested in a merger, M&A sort of deal,” he said.“The secondary markets — which have been very, very low in Southeast Asia — we expect very large pickup there,” he added.Undervalued sectorsAs for sectors with growth potential in Southeast Asia, Lauria said he still thinks fintech is “very undervalued.”“There’s huge opportunity ahead because Visa and MasterCard don’t have the same penetration in Southeast Asia, so alternative payments is going to be huge,” he explained.Health care and education are also areas of interest.“Anything related to health tech will be big,” he said, and investors should “definitely” be looking at education tech.“In Southeast Asia it’s going to evolve very differently than the Western world, and we’re going to see some really interesting innovations here,” he said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":34,"commentSize":0,"repostSize":0,"favoriteSize":3,"likeStatus":false,"favoriteStatus":false}}