Bank Syariah Indonesia (BSI), the country’s biggest Islamic lender, plans to cater to a growing community of more religious millennials to help double its assets within three to four years, its chief executive told Reuters. BSI was formed this year via a merger between the Islamic banking units of state-controlled Bank Rakyat Indonesia, Bank Mandiri and Bank Negara Indonesia, making it Indonesia’s seventh-biggest bank. The… Continue reading Bank Syariah Indonesia seeks to tap religious millennials to double assets
Author: Deal Street Asia Online News
Nvidia said to seek approval from Chinese regulators for $40b Arm deal
Nvidia Corp has submitted an application to Chinese competition regulators to review a $40 billion takeover of UK chip designer Arm, the Financial Times reported on Tuesday, citing people familiar with the matter. The application was made in recent weeks and sets in motion a period of scrutiny that could take up to 18 months,… Continue reading Nvidia said to seek approval from Chinese regulators for $40b Arm deal
Chinese genome sequencing firm QitanTech bags $63m co-led by GL Ventures, CDH
QitanTech, a developer of genome sequencing technology, announced on Tuesday that it has pocketed over 400 million yuan ($63 million) in a Series B round. The investment was co-led by Hillhouse Capital’s venture unit GL Ventures and CDH Venture and Growth Capital (VGC), a sub-fund of Chinese alternative asset manager CDH Investments, which invests in… Continue reading Chinese genome sequencing firm QitanTech bags $63m co-led by GL Ventures, CDH
Malaysia’s Yinson, SG’s SMRT Ventures co-invest in autonomous vehicle startup MooVita
Malaysia-listed Yinson Holdings and SMRT Ventures, the corporate venture arm of Singapore’s public transport operator SMRT Corp Ltd, announced they will co-invest a “multi-million dollar amount” in Singapore’s autonomous vehicle tech startup MooVita. Lead investor Yinson, an energy infrastructure and technology company, entered into an agreement with SMRT Ventures for the investment, the companies said… Continue reading Malaysia’s Yinson, SG’s SMRT Ventures co-invest in autonomous vehicle startup MooVita
JG Summit confident in securing PH digital banking licence
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US PE giant KKR to make more bets on Japan’s cloud software startups
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 US PE giant KKR to make more bets on Japan’s cloud software startups
State Bank of India invests in digital payments firm Cashfree …
City-based payment gateway, Cashfree, on Monday said it has raised strategic funding from India’s largest lender, State Bank of India (SBI), at a post-money valuation of $200 million. The company will be utilise the funds to ramp up its payment infrastructure and invest in growth. The latest fundraise comes less than a year after the… Continue reading State Bank of India invests in digital payments firm Cashfree …
India: Byju’s receives funding from Breakthrough Global Foundation for COVID-19 initiatives
Edtech startup Byju’s on Monday said it has received $1 million in funding from the Breakthrough Global Foundation and Saurabh Gupta to support the company’s covid-19 initiatives in the country. The Breakthrough Global Foundation was founded by tech investor and science philanthropist Yuri Milner and his wife Julia. Milner is also the founder of DST… Continue reading India: Byju’s receives funding from Breakthrough Global Foundation for COVID-19 initiatives
GGV Capital leads $94m Series C round in China’s Qingteng Cloud Security …
Qingteng Cloud Security, a Beijing-based technology firm specialising in server security, said on Monday that it has garnered 600 million yuan ($94 million) in a Series C round. The round was led by GGV Capital, a global venture capital firm that makes seed- to growth-stage investments across consumer, internet, cloud, and smart tech sectors. Greater… Continue reading GGV Capital leads $94m Series C round in China’s Qingteng Cloud Security …
Indonesia’s Alodokter raises fresh funding from MDI, Samsung Ventures
Alodokter, an Indonesian digital health platform backed by Softbank Ventures, announced that it has raised an undisclosed amount of funding from MDI Ventures and Samsung Ventures. The startup did not say how much it raised in the latest funding but disclosed that it will use the fresh capital to develop new products for the Alodokter… Continue reading Indonesia’s Alodokter raises fresh funding from MDI, Samsung Ventures