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 CPE-backed Chinese hair transplant clinic chain Yonghe files for HK IPO
Author: Deal Street Asia Online News
India: Paytm to issue fresh equity shares worth $1.6b before IPO
Among other proposals, Paytm founder Vijay Shekhar Sharma is also expected to be declassified from his status as ‘promoter’ of the company, in accordance with public listing rules set out by markets regulator, Securities and Exchange Board of India (Sebi). The proposal, among others, will be put to vote at the company’s extra-ordinary general meeting… Continue reading India: Paytm to issue fresh equity shares worth $1.6b before IPO
Weekly Roundup: PH-based Yield Guild Games raises $4m and other SE Asia deals
Research Yield Guild Games, a Philippines-based online gaming guild that allows players to earn cryptocurrency rewards, has raised $4 million in a Series A funding round led by BITKRAFT Ventures, a gaming, esports, and interactive media-focused venture capital investor. Go to Source
Chinese used car dealer Uxin to raise $315m from investors …
NIO Capital, the technology fund backed by Chinese electric vehicle (EV) brand NIO, and investment firm Joy Capital have agreed to inject a total of $315 million into Uxin Limited, a Nasdaq-listed Chinese online used car dealer. Concurrently, Beijing-based Uxin agreed with its convertible notes’ holders, including online classifieds marketplace 58.com, as well as private… Continue reading Chinese used car dealer Uxin to raise $315m from investors …
China tells Meituan billionaire chairman to lie low after poem furore
China has advised Meituan Chairman and CEO Wang Xing to keep a low profile after he posted an ancient poem last month that sparked a social media furore and sent the food delivery firm’s shares plummeting, Bloomberg News reported on Friday. Government officials summoned the founder of China‘s third-largest tech firm to a meeting recently and told him to refrain from courting the spotlight, at least temporarily, Bloomberg reported, citing… Continue reading China tells Meituan billionaire chairman to lie low after poem furore
US commission votes to advance ban on Huawei, ZTE telecom gear …
The US Federal Communications Commission voted unanimously on Thursday to advance a plan to ban approvals for equipment in US telecommunications networks from Chinese companies deemed national security threats like Huawei and ZTE. Under proposed rules that won initial approval, the FCC could also revoke prior equipment authorizations issued to Chinese companies. A Huawei spokesperson,… Continue reading US commission votes to advance ban on Huawei, ZTE telecom gear …
Tencent-backed Zhuanzhuan nets $100m from Xiaomi, Shunwei, others
Zhuanzhuan, backed by New York-listed Chinese online classifieds marketplace 58.com, has secured a total of $100 million in its Series D1 round of funding led by Chinese smartphone conglomerate Xiaomi. Zhuanzhuan, headquartered in Beijing, is an online marketplace on which users can buy and sell second-hand goods. It sells anything from phones, apparels, cameras, to… Continue reading Tencent-backed Zhuanzhuan nets $100m from Xiaomi, Shunwei, others
India: Max Financial promoters sell shares worth $105m
Max Ventures Investment Holdings Pvt Ltd, a promoter of Max Financial Services on Thursday sold shares worth ₹783 crore through an open market transaction. As per block deal data on NSE, the promoter sold over 7.83 million shares of Max Financial Services Ltd at an average price of ₹1000.8 aggregating to ₹782.88 crore. Government of… Continue reading India: Max Financial promoters sell shares worth $105m
Mitsubishi HC Capital to buy NYSE-listed CAI International for $1.1b
Transportation finance and logistics company CAI International Inc said on Thursday it has agreed to a $1.1 billion takeover by Mitsubishi HC Capital Inc, as the Japanese financial firm expands its overseas operations. The deal consists of $104 million worth of preferred stock and $986 million of common stock equity value, and has an enterprise… Continue reading Mitsubishi HC Capital to buy NYSE-listed CAI International for $1.1b
Flag carrier Garuda Indonesia defaults on $500m sukuk
Flag carrier Garuda Indonesia said it could not distribute coupon payments for its $500 million sukuk after a 14-day grace period, with the airline‘s finances still significantly impacted by the coronavirus pandemic. “Under these circumstances, and in order to ensure the company emerges from the pandemic as a strong and healthy airline, the company announced today that it has reluctantly concluded that… Continue reading Flag carrier Garuda Indonesia defaults on $500m sukuk