• Indonesia’s Alpha JWC makes maiden Vietnam investment in Base.vn December 11, 2018 10:54 am
    The round was joined by 500 Startups and Vietnam Innovative Startup Accelerator (VIISA), the two lead investors in the Vietnamese firm's unspecified seed round raised in August this year. The post Indonesia’s Alpha JWC makes maiden Vietnam investment in Base.vn appeared first on DealStreetAsia.
    Aastha Maheshwari
  • Malaysian finance ministry to take over $4.7b Tabung Haji’s underperforming assets December 11, 2018 9:37 am
    Tabung Haji group managing director and chief executive Zukri Samat said the assets are primarily real estate (20 per cent) and equity holdings (80 per cent). The post Malaysian finance ministry to take over $4.7b Tabung Haji’s underperforming assets appeared first on DealStreetAsia.
    Ka Kay Lum
  • US fund Castlelake said to strike $800m aircraft deal with AirAsia December 11, 2018 8:47 am
    For AirAsia, the deal marks another move to monetize its assets as Asia's biggest budget airline seeks to transform itself into an asset-light, digitally focused firm. The post US fund Castlelake said to strike $800m aircraft deal with AirAsia appeared first on DealStreetAsia.
    Anshuman Daga
  • Former 1MDB president set to be charged in audit tampering case December 11, 2018 8:34 am
    Former Malaysian Prime Minister Najib Razak will also face new allegations, adding to the dozens of 1MDB-linked charges that he has pleaded not guilty to. The post Former 1MDB president set to be charged in audit tampering case appeared first on DealStreetAsia.
    Anisah Shukry
  • Nuveen acquires 25% stake in Indian impact investor Aavishkaar-Intellecap for $32m December 11, 2018 7:29 am
    About 85% of the proceeds from the stake sale have been invested in two of Aavishkaar Group’s lending arms, Arohan and Intellegrow. The post Nuveen acquires 25% stake in Indian impact investor Aavishkaar-Intellecap for $32m appeared first on DealStreetAsia.
    M Sriram
  • Vietnam: KB Insurance to buy 17% of Bao Minh, STADA ups Pymepharco stake December 11, 2018 7:26 am
    Bao Minh, which is 50.7% owned by the government, is Vietnam’s third-largest non-life insurance company with an 8.2% market share. The post Vietnam: KB Insurance to buy 17% of Bao Minh, STADA ups Pymepharco stake appeared first on DealStreetAsia.
    Nguyen Thi Bich Ngoc
  • Japan’s microsatellite firm Axelspace bags $22.8m from 31VENTURES, others December 11, 2018 7:03 am
    31VENTURES is a joint venture of Global Brain Corporation and Mitsui Fudosan. The post Japan’s microsatellite firm Axelspace bags $22.8m from 31VENTURES, others appeared first on DealStreetAsia.
    Nguyen Thi Bich Ngoc
  • South Korea’s Samsung Biologics rallies after avoiding delisting December 11, 2018 6:17 am
    Trading in Samsung Biologics resumed Tuesday following a trading halt since Nov. 15, after the country’s financial regulator said the company intentionally broke accounting rules surrounding its initial public offering in 2016 and could face a criminal investigation. The post South Korea’s Samsung Biologics rallies after avoiding delisting appeared first on DealStreetAsia.
    Heejin Kim
  • Singapore’s Great Eastern to acquire Indonesian insurance firm for $28m December 11, 2018 6:04 am
    Great Eastern said it sees tremendous market potential in Indonesia that has one of the lowest non-life insurance penetration rates in the region. The post Singapore’s Great Eastern to acquire Indonesian insurance firm for $28m appeared first on DealStreetAsia.
    Ka Kay Lum
  • HNA said to tap Credit Suisse to revive tech unit Pactera’s sale December 11, 2018 5:58 am
    HNA’s ownership of Pactera dates back to 2016, when it agreed to buy the company from Blackstone Group LP for about $700 million. The post HNA said to tap Credit Suisse to revive tech unit Pactera’s sale appeared first on DealStreetAsia.
    Manuel Baigorri
  • MY Digest: Grab opens R&D centre in KL, TNB invests in Indian power plant December 11, 2018 5:37 am
    Grab's new R&D centre in Kuala Lumpur is its seventh after Bangalore, Beijing, Ho Chi Minh City, Jakarta, Seattle and Singapore. The post MY Digest: Grab opens R&D centre in KL, TNB invests in Indian power plant appeared first on DealStreetAsia.
    Ka Kay Lum
  • India Dealbook: PlanetSpark, OTO Capital, MYNEWCAR, OweMe, Freightwalla raise funds December 11, 2018 5:28 am
    Gurgaon-based edtech startup PlanetSpark has received funding of Rs 1.6 crore ($220,000) from education firm FIITJEE. The post India Dealbook: PlanetSpark, OTO Capital, MYNEWCAR, OweMe, Freightwalla raise funds appeared first on DealStreetAsia.
    Ishita Russell
  • IPO-bound Uber and Lyft’s largest shareholders are two Japanese firms December 11, 2018 4:33 am
    SoftBank, a Japanese conglomerate run by Masayoshi Son, owns more than 15% of Uber. Rakuten, an e-commerce company that began amassing a sizable stake in Lyft when the startup appeared to be an also-ran, now owns more than 10%. The post IPO-bound Uber and Lyft’s largest shareholders are two Japanese firms appeared first on DealStreetAsia.
    Eric Newcomer
  • India: Hero Electric raises $22m from Alpha Capital in maiden funding round December 11, 2018 4:20 am
    Hero Electric will use the funds for its second factory, develop new products and expand dealer network. The post India: Hero Electric raises $22m from Alpha Capital in maiden funding round appeared first on DealStreetAsia.
    Malyaban Ghosh
  • Motilal Oswal Real Estate invests $41.3m in projects across 3 Indian cities December 11, 2018 2:59 am
    MORE has routed the investments through India Realty Excellence Fund III and India Realty Excellence Fund IV. The post Motilal Oswal Real Estate invests $41.3m in projects across 3 Indian cities appeared first on DealStreetAsia.
    Pramugdha Mamgain
  • Google acquires Indian rail transportation app Where is my Train December 11, 2018 2:55 am
    Earlier media reports had said that Google was planning on acquiring Sigmoid for around $30-40 million The post Google acquires Indian rail transportation app Where is my Train appeared first on DealStreetAsia.
    Ishita Russell
  • Armed with $400m debut Asia credit fund and a Mumbai office, Värde’s next stop is China December 11, 2018 1:00 am
    The firm manages about $14b in assets and has a presence in Asia Pacific through offices in Hong Kong, Singapore, Sydney, Tokyo and now Mumbai The post Armed with $400m debut Asia credit fund and a Mumbai office, Värde’s next stop is China appeared first on DealStreetAsia.
    Tanu Pandey
  • Singapore’s Jungle Ventures nears first close of $200m third fund December 11, 2018 12:42 am
    The VC firm had last raised a $100-million second fund in 2016. The post Singapore’s Jungle Ventures nears first close of $200m third fund appeared first on DealStreetAsia.
    Kristie Neo
  • Legal document reveals Tokopedia structure and shareholding: Report December 11, 2018 12:40 am
    The information seems to confirm recent reports of a fresh $1 billion funding round raised by Tokopedia. The post Legal document reveals Tokopedia structure and shareholding: Report appeared first on DealStreetAsia.
    Ardi Wirdana
  • Skincare startup Plum bags funding from Unilever Ventures December 11, 2018 12:39 am
    Purplle, which raised funds counts IvyCap Ventures and JSW Ventures as its investors, while Nykaa’s investors include TVS Capital, the Munjal family office and Max Ventures. The post Skincare startup Plum bags funding from Unilever Ventures appeared first on DealStreetAsia.
    M Sriram
  • Vivendi said to eye stake in TV arm of Indonesia’s Global Mediacom December 11, 2018 12:39 am
    Vivendi’s broadcasting arm Canal+ is in early talks to acquire roughly half of PT MNC Vision Networks, which controls the group’s listed pay-TV arm and its high-speed internet unit. The post Vivendi said to eye stake in TV arm of Indonesia’s Global Mediacom appeared first on DealStreetAsia.
    Fathiya Dahrul
  • SoftBank investment brings parking startup ParkJockey to unicorn status December 11, 2018 12:10 am
    Abu Dhabi's Mubadala Investment Co also participated in the funding round. The post SoftBank investment brings parking startup ParkJockey to unicorn status appeared first on DealStreetAsia.
    Mars Woo
  • Business management solutions provider Osome raises $2m in Target Global-led round December 11, 2018 12:00 am
    According to an official statement, the funds will be used for product development and market expansion into Australia and Hong Kong. The post Business management solutions provider Osome raises $2m in Target Global-led round appeared first on DealStreetAsia.
    Kristie Neo
  • China’s Junshi Biosciences seeks up to $414m in Hong Kong IPO December 10, 2018 11:23 pm
    The company could raise as much as $476 million if a greenshoe, or over-allotment option - is exercised within the first month of trading. The post China’s Junshi Biosciences seeks up to $414m in Hong Kong IPO appeared first on DealStreetAsia.
    Julia Fioretti
  • Three months after Series C, online meat retailer Licious raises another $25m December 10, 2018 4:57 pm
    The latest round was joined by existing investors 3one4 Capital, Bertelsmann India Investments, Vertex Ventures Southeast Asia and India, UCLA and Sistema Asia Fund. The post Three months after Series C, online meat retailer Licious raises another $25m appeared first on DealStreetAsia.
    Ishita Russell
  • Lexington Partners leads $1b stapled secondary transaction with TPG Asia December 10, 2018 4:47 pm
    Lexington, which acted as the lead investor in the transaction, bought existing LP stakes in TPG's fifth and sixth Asia vehicles. The post Lexington Partners leads $1b stapled secondary transaction with TPG Asia appeared first on DealStreetAsia.
    Ka Kay Lum
  • China sets up online games review panel, raises hopes of resuming approvals December 10, 2018 9:38 am
    China, the world’s biggest gaming market, stopped approving new titles from March amid a regulatory overhaul triggered by growing criticism of video games for being violent and leading to myopia as well as addiction among young users. The post China sets up online games review panel, raises hopes of resuming approvals appeared first on DealStreetAsia.
    Pei Li
  • Tencent-backed IoT startup G7 raises $320m round led by HOPU Investments December 10, 2018 9:29 am
    The round was joined by new investors China Broadband Capital (CBC), Intelligent Fund of Funds, Mount Morning Capital, Total Energy Ventures, and TH Capital. The post Tencent-backed IoT startup G7 raises $320m round led by HOPU Investments appeared first on DealStreetAsia.
    Juliet Shwe Gaung
  • Khazanah-backed AR startup Blippar to face insolvency: Report December 10, 2018 8:27 am
    According to UK media reports, Khazanah has blocked an emergency fundraising by the unicorn startup, causing Blippar to inform its shareholders that it has been left with no option but to give notice to start insolvency proceedings. The post Khazanah-backed AR startup Blippar to face insolvency: Report appeared first on DealStreetAsia.
    Ka Kay Lum
  • India Digest: Suzlon eyes service unit stake sale; PNB to pare holding in home fin unit December 10, 2018 7:46 am
    Suzlon is reportedly in talks with two financial investors to sell the stake and seeking a valuation of Rs 8,000 crore for the services business. The post India Digest: Suzlon eyes service unit stake sale; PNB to pare holding in home fin unit appeared first on DealStreetAsia.
    Ishita Russell
  • SG-based AUM Biosciences raises $1.5m in seed funding to develop affordable oncology drugs December 10, 2018 7:36 am
    By 2019, AUM Biosciences will build a pipeline of three small molecule oncology assets designed to treat a broad range of Asia-prevalent tumour types. The post SG-based AUM Biosciences raises $1.5m in seed funding to develop affordable oncology drugs appeared first on DealStreetAsia.
    Kristie Neo
  • NBFC crisis was a reality check, says Avendus’ Ritesh Chandra December 10, 2018 6:59 am
    The industry will see consolidation among NBFCs and HFCs, partly propelled by financial investors in these companies, Chandra said. The post NBFC crisis was a reality check, says Avendus’ Ritesh Chandra appeared first on DealStreetAsia.
    Swaraj Singh Dhanjal
  • SoftBank prices IPO, to raise $23.5b with overallotment December 10, 2018 6:57 am
    That makes the share sale one of the largest of all time globally, just shy of the record $25 billion that China's Alibaba raised in 2014. The post SoftBank prices IPO, to raise $23.5b with overallotment appeared first on DealStreetAsia.
    Taiga Uranaka
  • Singapore’s GIC raises stake in Ayala-backed Philippine lender BPI December 10, 2018 6:39 am
    The investment was made through a through a series of transactions at the Philippine Stock Exchange (PSE) over the past two months. The post Singapore’s GIC raises stake in Ayala-backed Philippine lender BPI appeared first on DealStreetAsia.
    Ardi Wirdana
  • India Grid Trust kickstarts roadshows to raise fresh capital of up to $420m December 10, 2018 6:28 am
    IndiGrid is raising capital to acquire new assets. The final quantum will depend on the demand from investors. The post India Grid Trust kickstarts roadshows to raise fresh capital of up to $420m appeared first on DealStreetAsia.
    Swaraj Singh Dhanjal
  • India: Hero Future close to acquiring solar power assets of Waaree Energies December 10, 2018 5:41 am
    Waaree’s solar plants have been on the block for nearly a year. ReNew Power, India’s largest developer by capacity, has evaluated them for an acquisition, but talks fell through earlier this year. The post India: Hero Future close to acquiring solar power assets of Waaree Energies appeared first on DealStreetAsia.
    Tanya Thomas
  • People Digest: Cerberus appoints India MD; Ola to rejig top deck; Walmart COO resigns December 10, 2018 5:37 am
    Cerberus Capital is set to enter India and is in the process of opening its office in Mumbai to tap opportunities in the country's distressed assets space. The post People Digest: Cerberus appoints India MD; Ola to rejig top deck; Walmart COO resigns appeared first on DealStreetAsia.
    Pramugdha Mamgain
  • EFA launches $100m credit fund for financial institutions in developing markets December 10, 2018 5:32 am
    The debt fund will provide short and mid-term financing to financial institutions and provide investors with access to rapidly expanding financial sectors in Asia and Eastern Europe. The post EFA launches $100m credit fund for financial institutions in developing markets appeared first on DealStreetAsia.
    Tanu Pandey
  • Auto finance firm WheelsEMI raises $14m Series B round led by Faering Capital December 10, 2018 5:18 am
    Faering has invested Rs 64 crore, while the rest was invested by existing investor Elevar. The post Auto finance firm WheelsEMI raises $14m Series B round led by Faering Capital appeared first on DealStreetAsia.
    Swaraj Singh Dhanjal
  • Alibaba said to mull joining facial recognition tech firm Megvii’s $500m round December 10, 2018 5:05 am
    The Beijing-based company, which already counts Alibaba as a backer, is talking with Chinese private equity investors and wants to close the round in December. The post Alibaba said to mull joining facial recognition tech firm Megvii’s $500m round appeared first on DealStreetAsia.
    Lulu Yilun Chen
Advertisements