Globe Telecom—backed by the Philippines’ oldest conglomerate Ayala Corp.—has formed an alliance with Singapore’s ST Telemedia Global Data Centres to expand their footprint in the Philippines amid booming demand for server space from e-commerce and other digital platforms.

Olaf Carlson-Wee rode 2017’s “initial coin offering” craze to become one of crypto’s top venture investors. Now he’s raking in hundreds of millions, from a blockchain rage called DeFi, which promotes the fantasy of democratized financial services.

His 512-foot yacht Dilbar, which has been in Hamburg since October for refitting, appears to be the first Russian-owned yacht frozen by authorities since Vladimir Putin’s attack on Ukraine.

The three cofounders of Sea Ltd. saw their collective net worth tumble $1.9 billion on Tuesday after the Southeast Asian internet giant said its online gaming business would likely face headwinds this year.

The founder of Yandex, Russia’s alternative to Google, falls out of the billionaire ranks amid his country’s chaos.

Zhang Yong, the founder of Chinese hotpot chain Haidilao, has stepped down as its chief executive officer while the company overhauls its operations and trims its network of restaurants.

Okada Manila—which is preparing to list on Nasdaq through a SPAC as soon as this month—expects a strong earnings recovery as the Philippines reopens its borders to international visitors.

Trans Retail Indonesia, controlled by billionaire Chairul Tanjung, is teaming up with e-commerce unicorn Bukalapak and Singapore-based venture capital firm Growtheum Capital Partners to launch an online grocery platform, Allofresh.

Most of the yachts are registered through offshore vehicles and docked in far-flung locales.

Other major investors include Hong Kong billionaire Henry Cheng and his family’s Chow Tai Fook Enterprises, Chinese food delivery giant Meituan, Fidelity-backed Eight Roads and Chinese electric vehicle billionaire William Li’s NIO Capital.