Author: Deal Street Asia Online News

GIC unit backs ESR’s latest China logistics development platform

Hong Kong-based ESR Cayman Limited announced that it has partnered with Dutch pension fund manager APG Asset Management and RECO Investor, an indirectly-owned subsidiary of Singapore’s GIC, to launch a new logistics development platform in China. The ESR China Development Platform (ECDP) will have an initial equity commitment of $1 billion and invest in warehousing… Continue reading GIC unit backs ESR’s latest China logistics development platform

Germany’s DEG joins Integra Partners’s $100m second fund as anchor investor

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 Germany’s DEG joins Integra Partners’s $100m second fund as anchor investor

Southeast Asia’s car-sharing platforms ride surge in demand due to the pandemic

Premium The pandemic may have emptied the roads of Southeast Asia but it has also ushered in greater demand for car-sharing platforms in the region. Car owners seeking to earn through their idle vehicles and renters, who need a car to commute but are unwilling to splurge, have both flocked to these companies in the… Continue reading Southeast Asia’s car-sharing platforms ride surge in demand due to the pandemic

France’s Renault, China’s Geely look to set up JV to manufacture hybrid vehicles

France’s Renault SA said on Monday that it is looking to revive business in China by forming a hybrid vehicle joint venture with Geely Holding Group, a year after it ended its previous operation in the world’s largest car market. The two companies have signed a framework agreement to set up the joint venture, which would make… Continue reading France’s Renault, China’s Geely look to set up JV to manufacture hybrid vehicles

Ride-hailing service Didi mulls giving up data control to appease China

Chinese ride-hailing firm Didi Global Inc is in talks with state-owned information security firm Westone to handle its data management and monitoring activities, sources said, as part of its efforts to placate domestic regulators. The largest Chinese ride-hailing group became the target of an investigation by regulators in the country just days after it raised… Continue reading Ride-hailing service Didi mulls giving up data control to appease China

CX Automation platform Yellow.ai raises $78m Series C from WestBridge Capital, others …

One dollar bill. Photo: Neon Brand/Unsplash Bengaluru- and San Francisco-based Yellow.ai has raised $78.15 million as part of its Series C round led by WestBridge Capital, Sapphire Ventures, and Salesforce Ventures, it said on Wednesday. Existing investor Lightspeed Venture Partners also participated in the round. So far, the startup has secured $102.15 million in external… Continue reading CX Automation platform Yellow.ai raises $78m Series C from WestBridge Capital, others …

China’s indebted Evergrande to sell stakes in internet unit …

China’s most indebted property developer Evergrande Group has agreed to sell stakes in its internet unit HengTen Networks Group Ltd worth a total of HK$3.25 million ($418.2 million), an exchange filing showed on Sunday. Worries over the developer’s debt and the potential for systemic financial risk have intensified after Evergrande said in June its project… Continue reading China’s indebted Evergrande to sell stakes in internet unit …