Bloomberg Amazon founder Jeff Bezos participated in a $87 million Series B funding for Indonesian startup Ula, marking his first-ever investment in Southeast Asia’s e-commerce space. Bezos Expeditions, Northstar group, AC Ventures and Citius joined the round co-led by Prosus Ventures, Tencent and B-Capital, the e-commerce marketplace Ula said. The previous fundraising included $10.5 million seed round in June 2020 ...

Bloomberg Tesco will announce a share buyback program this week when it reports first-half results, the Sunday Times reported. The retailer will maintain its normal dividend along with the buyback plan, although a special payout is not thought to be on the cards, according to the report. Tesco will be disciplined in its approach to buybacks, the report cited unidentified ...

Bloomberg North Korea has labelled Moon Jae-in a meddlesome mediator and reduced to rubble a $15 million liaison office that was one of the South Korean president’s biggest diplomatic achievements. On Monday, however, Kim Jong Un’s regime abruptly restored communication with South Korea via hotlines that Pyongyang had let fall silent for about two months. The move came after Kim’s ...