Indonesian e-commerce unicorn Tokopedia has attracted interest from several SPACs, as these ‘blank-cheque’ companies become more popular in Asia. Photo: Handout Indonesian e-commerce unicorn Tokopedia has attracted interest from several SPACs, as these ‘blank-cheque’ companies become more popular in Asia. Photo: Handout
Indonesian e-commerce unicorn Tokopedia has attracted interest from several SPACs, as these ‘blank-cheque’ companies become more popular in Asia. Photo: Handout

From Hong Kong tycoon Richard Li to Softbank, SPACs are gaining traction in Asia

  • Surging popularity in the US has Asia-based funds seeking to tap red-hot SPAC capital raising trend
  • So-called blank-cheque companies remain in their ‘infancy’ in the region

Topic |   Banking & Finance
Indonesian e-commerce unicorn Tokopedia has attracted interest from several SPACs, as these ‘blank-cheque’ companies become more popular in Asia. Photo: Handout Indonesian e-commerce unicorn Tokopedia has attracted interest from several SPACs, as these ‘blank-cheque’ companies become more popular in Asia. Photo: Handout
Indonesian e-commerce unicorn Tokopedia has attracted interest from several SPACs, as these ‘blank-cheque’ companies become more popular in Asia. Photo: Handout
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