Author: Deal Street Asia Online News

People Digest: Sazaliza becomes EPF COO; QIC names Allison Hill as CIO

Malaysia’s Employees Provident Fund (EPF) has announced the appointment of Sazaliza Zainuddin as its chief operating officer while Brisbane-based investment company QIC has named Allison Hill as its chief investment officer. EPF names Sazaliza Zainuddin new COO  Malaysian pension fund Employees Provident Fund (EPF) has named Sazaliza Zainuddin as its COO, effective September 1, following… Continue reading People Digest: Sazaliza becomes EPF COO; QIC names Allison Hill as CIO

Korean buyout firm VIG Partners sells 10% stake in Preed Life for $43m

Korean buyout firm VIG Partners on Friday announced that it has sold a 10% stake in Preed Life, a domestic pre-need funeral service provider, to Mastern Partners, the private equity arm of real estate asset manager Master Investment Management. Mastern acquired the minority stake for 50 billion won ($43 million), just 15 months after VIG… Continue reading Korean buyout firm VIG Partners sells 10% stake in Preed Life for $43m

Shunwei backs Ultron Photonics and 13 more deal updates from Greater China

ResearchPremium Hangzhou-headquartered laser technology firm Ultron Photonics Inc has raised nearly 100 million yuan ($15 million) in its Series A round of financing led by Xiaomi’s Shunwei Capital.  The Series A round funding was joined by Qitang Changhou Investment, a joint fund by state-owned Beijing E-town International Investment & Development and display control solutions provider… Continue reading Shunwei backs Ultron Photonics and 13 more deal updates from Greater China

China’s plans for an SME stock exchange in Beijing fuel fears of a bourse war …

China’s plans to launch a new exchange in Beijing, announced by President Xi Jinping on Thursday, boosted shares in Chinese brokerages but knocked down Shenzhen start-up board ChiNext and shares of Hong Kong’s bourse amid fears of rising competition. Although China’s securities regulator said the planned Beijing stock exchange is based on the city’s existing New Third… Continue reading China’s plans for an SME stock exchange in Beijing fuel fears of a bourse war …

Mobile-commerce enabler Bikayi raises $10.8m led by Sequoia Capital India

Bikayi, a mobile-commerce enabler, has raised $10.8 million in a Series-A funding round, led by Sequoia Capital India. In August last year, the startup had raised $2 million as a part of its seed round led by Y Combinator. Aiming at scaling product offerings, Bikayi plans to use the funds to accelerate product development, acquisition,… Continue reading Mobile-commerce enabler Bikayi raises $10.8m led by Sequoia Capital India

VC veteran leaves Qiming Ventures to launch new fund He…

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to… Continue reading VC veteran leaves Qiming Ventures to launch new fund He…

Indonesia’s state airline Garuda hangs by a financial thread

Workers clean the body of a Garuda Indonesia Airbus A320 aircraft inside Hangar 4 of PT Garuda Maintenance Facility (GMF) Aero Asia at Soekarno-Hatta airport in Jakarta. Premium Indonesia’s government is under mounting pressure to resolve the financial crisis at the nation’s flagship airline, which faces an existential threat from COVID-19 after years of chaotic… Continue reading Indonesia’s state airline Garuda hangs by a financial thread