Two executives at Hong Kong-based Snow Lake Capital have quit amid bad bets including Chinese stocks, the Financial Times reported, forcing it to liquidate one fund and retrench. The turmoil spotlights the hedge fund’s disastrous position in MGM China .
It’s easier and faster to buy bitcoin, ethereum and dogecoin in India than it is to order a pizza on food-delivery app Zomato . That’s how startups are luring the country’s next generation of investors.
GoTo’s $400 million fundraising from the Abu Dhabi Investment Authority values the ride-hailing-to-fintech group at some $28.5 billion, according to a person familiar with the situation. It provides a timely valuation boost to the Indonesian super-app ahead of a much-anticipated listing in Jakarta early next year, followed by New York.