K&L Gates Straits Law advised BlueBasket on the deal.
Singapore e-commerce company BlueBasket announced its cross-border joint venture with Yanolja Cloud, a Korean leisure platform that was the recipient of US$1.7 billion in funding from SoftBank Vision.
The transaction involved the injection of a portfolio of shares, hard assets and IP into a Singapore-based FoodTech joint venture, Gusto X. Under the agreement, Gusto X will utilize innovative technologies such as AI, IoT and blockchain…