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Singapore’s Zilingo raises US$226 million to expand fashion site inspired by Bangkok’s Chatuchak market

Zilingo, a Singapore-based online fashion marketplace, raised US$226 million to fund an expansion into the Philippines, Indonesia and Australia. Investors in the series D financing included Sequoia Capital, Temasek Holdings, Burda Principal Investments, Sofina and EDBI, the company said on Tuesday without disclosing a valuation. The start-up is valued at US$970 million, according to people familiar with the matter who asked not to be named because the information is private. Zilingo, founded by Ankiti Bose and Dhruv Kapoor, started as a fashion and lifestyle marketplace in 2015 to help small…

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Singapore 

Singapore Police Force praised for social media ad inspired by #BirdBoxChallenge, Singapore News

The Singapore Police Force has done it again – stunning netizens with their wit and humour online, that is. The Men in Blue upped their social media game since last year but after a recent drought, it seems they’re back. In case you need a reminder of the past brilliance of their in-house social media team:  Guard your belongings from wandering fingers. Theft from person is an offence punishable with an imprisonment of up to… Posted by Singapore Police Force on Friday, 9 February 2018 Say no to Shop Theft this Chinese…

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China takes a step closer to unveiling a new stock market inspired by Nasdaq

The technology innovation board at the Shanghai Stock Exchange, the latest efforts by Beijing to create a Chinese version of Nasdaq, is expected to debut in the middle of 2019 with unprofitable companies likely to be allowed to raise funds. But only those companies who have core technologies such as computing, software design and pharmaceutical drug development will be welcome to the high-profile board as China scouts for future profit stars to sustain its economic growth. According to two asset managers who were briefed on the preparations for the new…

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