News Snapshot:
Sea owns e-commerce platform Shopee but is expanding into digital banking after having won a license to operate in Singapore. © Reuters KENTARO IWAMOTO, Nikkei staff writerJanuary 15, 2021 03:05 JST | IndonesiaCopyCopiedSINGAPORE -- Singapore-based internet services group Sea has acquired majority control of small Indonesian lender Bank Kesejahteraan Ekonomi, Nikkei Asia has learned, a move that will accelerate the expansion of the company's online financial services in Southeast Asia.According to company filings to Indonesian authorities, Turbo Cash, a Hong Kong-based Sea subsidiary, first acquired a 71.94% stake in Danadipa Artha Indonesia (DAI) in January last year and has gradually increased its...
