Nvidia Corp’s planned $40 billion acquisition of British chip designer ARM hit a major hurdle on Friday after a UK regulator found it could damage competition and weaken rivals, and required a further lengthy investigation. Struck in September last year, the deal for Britain’s most important technology company by the world’s biggest maker of graphics… Continue reading UK regulator deals blow to Nvidia’s $40b deal to buy SoftBank-backed ARM …
Author: Deal Street Asia Online News
Delisted from NYSE, China Telecom jumps 34% in Shanghai debut …
China Telecom Corp surged 34% on its Shanghai debut on Friday, defying a bearish market after raising $7.3 billion in the world’s biggest stock listing so far this year. Shares of the Chinese telecom giant, which is blacklisted by the U.S. government due to alleged links to the Chinese military, opened 5.7% higher and rose as much as the… Continue reading Delisted from NYSE, China Telecom jumps 34% in Shanghai debut …
China said to be pushing US IPO-bound firms to hand over management of data
Chinese regulators are considering pressing data-rich companies to hand over management and supervision of their data to third-party firms if they want US stock listings, sources said, as part of Beijing’s unprecedented scrutiny on private sector firms. The regulators believe bringing in third-party information security firms, ideally state-backed, to manage and monitor IPO hopefuls’ data could effectively… Continue reading China said to be pushing US IPO-bound firms to hand over management of data
Uber buys Hong Kong cab-hailing app HKTaxi marking first exit for Beyond Ventures
Uber Technologies has acquired HKTaxi, a mobile app that connects taxi drivers with riders in Hong Kong, to couple the firm’s local knowledge and engineering strength with its global R&D and operational capabilities, the ride-hailing giant announced on Friday. The acquisition will not have any immediate impact on drivers or riders using the HKTaxi or… Continue reading Uber buys Hong Kong cab-hailing app HKTaxi marking first exit for Beyond Ventures
Partners Group to sell data solutions firm Straive to Baring Private Equity Asia …
Swiss private equity firm Partners Group has agreed to sell Singapore-based content and data solutions provider Straive, formerly known as SPi Global, to Baring Private Equity Asia (BPEA), according to a statement. Financial details were not disclosed, but an earlier Bloomberg report said the deal was around $1 billion. Partners Group had acquired a majority… Continue reading Partners Group to sell data solutions firm Straive to Baring Private Equity Asia …
OJK sets the ball rolling on Indonesian banks’ digital transformation with new rules
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Facebook teams up with India’s Indifi to help provide loans to small businesses
Facebook is partnering with an Indian online lending firm to help provide loans to small domestic businesses, its country head said on Friday, as part of a push to bring more businesses to advertise on its platform. The social media giant is joining hands with Indifi to help provide loans ranging from Rs 500,000 rupees… Continue reading Facebook teams up with India’s Indifi to help provide loans to small businesses
Indonesia’s LifePal bags $9m Series A funding led by ProBatus Capital …
Lifepal, Indonesia’s digital direct-to-consumer (D2C) insurance marketplace, has raised an oversubscribed $9 million Series A funding round led by ProBatus Capital, according to an announcement. Other investors including Cathay Innovation, Insignia Ventures Partners, ATM Capital and Hustle Fund also participated in the funding round. This new round brings the company’s total capital raised to date… Continue reading Indonesia’s LifePal bags $9m Series A funding led by ProBatus Capital …
HK’s ESR reports 24.7% revenue jump in H1 this year to $177.7m, driven by e-commerce growth
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China’s DEEPEXI closes $100m in Series B to help enterprises go digital
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 China’s DEEPEXI closes $100m in Series B to help enterprises go digital