Rounding up top investing articles from around the web, including articles shared by fellow investors in the Financial Horse Facebook Group.
Sea, the tech startup that’s become South-east Asia’s most valuable company, has acquired Indonesia’s PT Bank Kesejahteraan Ekonomi, according to people familiar with the matter. The move accelerates the company’s ambition to establish itself as a leader in financial technology and services across its region, much as it has done with mobile gaming and online shopping. Sea raised almost US$3 billion in a stock offering last month, saying it intends to spend the proceeds on business expansion.
The new policy, due to start on Feb 8, will allow WhatsApp to share user data with parent company Facebook.