E-commerce major Lazada has rebranded its logistics arm to Lazada Logistics, while insurance major AIA Group Limited has teamed up with Singapore-based GLP for logistics and real estate investments. Insurer AIA and SG’s GLP team up for logistics real estate investments AIA Group Limited announced that it is investing in the global logistics real estate… Continue reading SE Asia Digest: Lazada rebrands logistics arm, AIA teams up with GLP
Author: Deal Street Asia Online News
ChrysCapital, True North, others pick minority stake in QuEST Global for $150m
Private equity firms ChrysCapital and True North Managers LLP along with other institutional investors have picked up a minority stake in product engineering and lifecycle services company QuEST Global for $150 million, per an announcement. The investors have completed the purchase of a portion of the shares held by the co-founders and management team of… Continue reading ChrysCapital, True North, others pick minority stake in QuEST Global for $150m
China Digest: Oushu nets $30m; Qiming leads $15m funding for Zuoshouyisheng …
Big Data company Oushu has pocketed 200 million yuan ($30 million) in a Series B+ round of financing, while Qiming Venture Partners has led a 100 million yuan ($15 million) Series B round for digital healthcare services specialist Zuoshouyisheng. Sequoia-backed Oushu nets $30m Big Data firm Oushu Inc. on Wednesday announced the completion of a… Continue reading China Digest: Oushu nets $30m; Qiming leads $15m funding for Zuoshouyisheng …
People Digest: Carro CMO Seewal departs firm; Syfe, Next Gen make new hires
Manisha Seewal has quit car marketplace Carro after leading its marketing function for three years, while robo-advisor Syfe and alternative protein firm Next Gen Foods have announced new hires. Carro group CMO Seewal departs firm The chief marketing officer of Singapore-based used car marketplace unicorn Carro, Manisha Seewal, announced her departure from the company after… Continue reading People Digest: Carro CMO Seewal departs firm; Syfe, Next Gen make new hires
Indian VC firm Prime Venture Partners hits first close of its fourth, $100m fund
Venture capital firm Prime Venture Partners on Wednesday announced that it has secured a $75 million first close of its $100-million fourth fund as it looks at newer areas for investment. The investors or limited partners in the latest fund include the International Finance Corporation (IFC), a part of the World Bank Group, a top-tier… Continue reading Indian VC firm Prime Venture Partners hits first close of its fourth, $100m fund
Fidelity International China president leaves ahead of mutual fund business launch
Fidelity International China President Daisy Ho will leave the company to pursue other career opportunities, the global asset manager said on Wednesday, less than three weeks after Chinese regulators allowed it to set up a mutual fund subsidiary. The departure of Ho, who oversees Fidelity International‘s overall China strategy, “won’t impact the preparation of the company’s China mutual fund business,” the company said… Continue reading Fidelity International China president leaves ahead of mutual fund business launch
CBC-led consortium buys 47% stake in S Korean botox maker Hugel for $1.5b
A consortium led by healthcare-dedicated investment firm CBC Group agreed to acquire a 47% stake in South Korea’s top botox maker Hugel Inc from Bain Capital for 1.7 trillion won ($1.5 billion), GS Holdings and Hugel said on Wednesday. The consortium also includes Abu Dhabi sovereign wealth fund Mubadala Investment Co, South Korea’s GS Holdings Corp and private equity firm… Continue reading CBC-led consortium buys 47% stake in S Korean botox maker Hugel for $1.5b
Ahead of IPO, India’s Paytm allots shares to 166 former and current employees
One97 Communications Ltd, which runs digital payments firm Paytm, has allotted shares to 166 former and current employees ahead of its planned public listing, according to the company’s filings with the ministry of corporate affairs. More than 1.01 million shares have been allotted to these individuals, the filings showed. The list includes Paytm’s president Amit… Continue reading Ahead of IPO, India’s Paytm allots shares to 166 former and current employees
Debt servicing firm Collectius buys Thailand peer Magnate Group Plus
Collectius, a Singapore-based pan-Asian NPL restructuring firm, announced that it has acquired Magnate Group Plus, one of Thailand’s top five debt servicing companies, for an undisclosed amount. Magnate has more than 350 employees and an annual turnover of over 200 million baht (about $6 million). It currently services customers from banks and other commercial clients,… Continue reading Debt servicing firm Collectius buys Thailand peer Magnate Group Plus
Eastspring Investments launches ESG bond programme in Hong Kong
Eastspring Investments, the Asian investment management arm of American financial group Prudential, is offering its Asia Sustainable Bond Strategy to Hong Kong, according to an announcement. The bond fund has been approved to be included on the Securities and Futures Commission of Hong Kong’s list of environmental, social, and governance (ESG) funds. Eastspring’s Asia Sustainable… Continue reading Eastspring Investments launches ESG bond programme in Hong Kong