Author: Deal Street Asia Online News

Shopee dips toe in India’s e-commerce market with recruitment campaign

Singapore-headquartered Sea Ltd’s Shopee has launched a recruitment campaign for vendors to sell on what it called “Shopee India” and is ramping up hiring in the country, according to Youtube videos and job postings. “Shopee is coming to India!” announces a video posted earlier in August that promises free shipping and no commission fees for… Continue reading Shopee dips toe in India’s e-commerce market with recruitment campaign

China Digest: BAI leads $15m funding in Dalezhuang; Sequoia backs Lead Digital

Construction technology platform Dalezhuang has secured over 100 million yuan ($15 million) in a pre-Series A round of financing led by Bertelsmann Asia Investments (BAI), while Sequoia China Seed Fund has led a nearly $10 million pre-Series A round for Lead Digital.  BAI leads over $15m in funding in Dalezhuang Dalezhuang, a cloud-computing platform for… Continue reading China Digest: BAI leads $15m funding in Dalezhuang; Sequoia backs Lead Digital

Hong Kong-based medical devices maker OrbusNeich rakes in $200m …

OrbusNeich Medical Group Limited, a Hong Kong-based firm that develops medical devices for vascular intervention, has secured $200 million in two funding rounds to double down on its new and existing product development in Greater China and worldwide. The transactions were led by China’s Shenzhen Capital Group, together with its healthcare-focused investment platform Red Earth… Continue reading Hong Kong-based medical devices maker OrbusNeich rakes in $200m …

Alibaba-backed Chinese car wash firm YGL hits unicorn valuation after Series D round …

Alibaba-backed self-service car wash firm Yigongli (YGL), which was developed by Shanghai HELIOS Network Technology in China, has achieved a unicorn valuation of over $1 billion after raising “hundreds of millions of US dollars” across two tranches in its Series D round. The transactions include a Series D1 round from Sigma Delta Partners Investment (SDP… Continue reading Alibaba-backed Chinese car wash firm YGL hits unicorn valuation after Series D round …

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