Author: Deal Street Asia Online News

LG Energy Solution to reconsider IPO plans for this year as vehicle recall mars outlook

South Korean battery maker LG Energy Solution (LGES) said on Monday it will decide by October whether to pursue its planned initial public offering (IPO) this year after a vehicle recall involving LG batteries clouded it outlook. LGES, wholly owned by LG Chem Ltd from which it was carved out last year, in June said it planned to complete the IPO process in… Continue reading LG Energy Solution to reconsider IPO plans for this year as vehicle recall mars outlook

Australia considers stricter laws to regulate digital payment services

The Australian government is considering new laws that would tighten the regulation of digital payment services by tech giants such as Apple and Alphabet’s Google. Treasurer Josh Frydenberg said he would “carefully consider” that and other recommendations from a government-commissioned report into whether the payments system had kept pace with advances in technology and changes in consumer… Continue reading Australia considers stricter laws to regulate digital payment services

Singapore’s Shopee changes pecking order in Brazil’s e-commerce sector

Sea Ltd’s Shopee took just two years to become Brazil’s most downloaded shopping app, winning users to its low-cost marketplace with its game-changing approach to e-commerce: in-app mini-games offering coupons to winning users. The Singapore-based company has combined online shopping with the gaming nous of its separate mobile game arm Garena – creator of “Free… Continue reading Singapore’s Shopee changes pecking order in Brazil’s e-commerce sector

North Base Media leads $2.7m funding in Vietnamese digital media firm Vietcetera

Vietnam-based digital media startup Vietcetera has bagged $2.7 million in a pre-Series A funding round led by media-focused VC firm North Base Media, according to a statement. Gojek’s corporate VC arm Go-Ventures, Indonesian early-stage investor East Ventures, Philippine-based Summit Media, Tokyo-based Genesia Ventures and Z Venture Capital Corporation, Singaporean and Vietnamese family offices joined the… Continue reading North Base Media leads $2.7m funding in Vietnamese digital media firm Vietcetera

Alibaba squeezed by crackdown as JD.com and Pinduoduo pounce

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 Alibaba squeezed by crackdown as JD.com and Pinduoduo pounce

Indonesian logistics firm J&T Express mulls shifting IPO venue to HK: Report …

Indonesian last-mile logistics company J&T Express is exploring the possibility of shifting its initial public offering (IPO) venue from the US to Hong Kong, according to a Bloomberg report. The Indonesian unicorn, which is backed by Chinese investors, is said to be looking to raise $1 billion in its IPO targeted next year, the report… Continue reading Indonesian logistics firm J&T Express mulls shifting IPO venue to HK: Report …

ComfortDelGro JV lands $837m contract to operate rail services in New Zealand

Mainboard-listed transport company ComfortDelGro Group has been awarded a S$1.13-billion ($836.5 million) contract to operate rail services in Auckland, New Zealand, according to a press statement. The Singapore-based group will operate the rail services through its joint venture with Australian rail operator and maintenance company UGL Rail Services, called Auckland One Rail (AOR), in which… Continue reading ComfortDelGro JV lands $837m contract to operate rail services in New Zealand