Author: Deal Street Asia Online News

Temasek, Lake Bleu lead $156m Series C round for Chinese vaccine developer RecBio …

Rec-Biotechnology (RecBio), a Chinese developer of genetically engineered vaccines, has secured about 1 billion yuan ($156.3 million) in a Series C round of financing jointly led by Singapore state investor Temasek Holdings and Hong Kong-based asset manager Lake Bleu Capital. Chinese asset management company E Fund Management and private equity firm Boyu Capital participated in… Continue reading Temasek, Lake Bleu lead $156m Series C round for Chinese vaccine developer RecBio …

Byju’s becomes most valued Indian startup after $340m fundraise

Education technology major Byju’s has surpassed Paytm to become the most valuable Indian startup after raising about $340 million (Rs2,500 crore) in fresh funding at a valuation of $16.5 billion. Digital payments company Paytm is currently valued at about $16 billion. According to a report in the Economic Times, investors in Byju’s latest round included… Continue reading Byju’s becomes most valued Indian startup after $340m fundraise

India government plans to rope in anchor investors to invest up to $3.4b in LIC’s IPO …

Anchor investors are essentially brought in to enhance the confidence of investors and gauge the demand for the IPO in the market. Having anchor investors may be critical for LIC because of the size of the state-run insurer and the changes being adopted by it, which may make IPO investors concerned about the ability of… Continue reading India government plans to rope in anchor investors to invest up to $3.4b in LIC’s IPO …

Amazon merchant acquirers open new battlefront in China

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Alternative proteins see future in Asia as deal count grows

A Taiwanese-styled stew made using Life3 Biotech’s Veego-branded plant protein. Source: Life3 Biotech Premium Are alternative proteins the next big food trend? Veteran investor and commodities trading guru Jim Rogers seems to think so. Last month, he put his name behind little-known Singapore startup  Life3 Biotech that produces plant-based protein products. Go to Source

Singapore real estate major CapitaLand sets up $37.8m innovation fund …

Singapore-based real estate major CapitaLand Ltd has set up a S$50 million ($37.8 million) fund to spur sustainability-focused innovation in the built environment space. The CapitaLand Innovation Fund will invest the capital over five years. “The CapitaLand Innovation Fund will enable us to catalyse more innovations, accelerate our global sustainability efforts and ensure that we… Continue reading Singapore real estate major CapitaLand sets up $37.8m innovation fund …

Breaking up tech giants in focus as four new US antitrust bills introduced

A bipartisan group of lawmakers in the U.S. House of Representatives introduced four bills on Friday aimed at reining in the power of the tech giants, with one potentially leading to their break-up. Two of the bills address the issue of giant companies, such as Amazon.com Inc and Alphabet Inc’s Google, creating a platform for other businesses and then competing against those same businesses. One… Continue reading Breaking up tech giants in focus as four new US antitrust bills introduced

Japan’s Toshiba changes board nominees as two step down in deepening crisis

Toshiba Corp, facing a deepening crisis over corporate governance, said on Sunday it will change its board director nominees for an upcoming shareholder meeting, as two are stepping down. The shake-up follows an investigation that found the company had colluded with the Japanese government to pressure foreign investors, a revelation that its second-largest shareholder called the greatest corporate governance scandal in the world in the last… Continue reading Japan’s Toshiba changes board nominees as two step down in deepening crisis

China’s crackdown on cryptocurrency spreads to Yunnan in southwest

China’s crackdown on cryptocurrencies has spread to the country’s southwest with a campaign against misuse of electricity by bitcoin miners in Yunnan province, local media reported on Saturday. In addition to concerns about the huge amounts of energy needed for the computing power to create cryptocurrencies, the central government is also concerned about speculation after a surge in the price of bitcoin. China… Continue reading China’s crackdown on cryptocurrency spreads to Yunnan in southwest