Author: Deal Street Asia Online News

SG tribunal to hear Amazon-Future case over latter’s $3.4b deal with RIL

Two persons with direct knowledge of the matter confirmed this on the condition of anonymity. On 25 October, an interim emergency award by SIAC had restrained the Reliance-Future deal. On 12 July, the Singapore tribunal will begin its hearing to pass the final order in the case involving Mukesh Ambani’s RIL and Jeff Bezos’ Amazon,… Continue reading SG tribunal to hear Amazon-Future case over latter’s $3.4b deal with RIL

India: Kedaara Capital-backed Vijaya Diagnostic files IPO papers

Homegrown private equity firm Kedaara Capital-backed diagnostic chain Vijaya Diagnostic Centre Ltd has filed the draft red herring prospectus for its initial public offering (IPO), in a move to give the private equity investor a partial exit from its five-year-old investment. Kedaara Capital had picked up a 40% stake in the diagnostic chain in 2016… Continue reading India: Kedaara Capital-backed Vijaya Diagnostic files IPO papers

Philippines files criminal complaint against scam-hit payment firm Wirecard’s ex-COO

Philippine authorities investigating the multi-billion dollar fraud at Germany’s Wirecard AG’s have filed criminal complaints against the payment firm’s former chief operating officer as well as others. Wirecard collapsed last June, owing creditors almost $4 billion, accused by its auditor of a sophisticated global fraud. At one point, it claimed it kept more than $2 billion in two… Continue reading Philippines files criminal complaint against scam-hit payment firm Wirecard’s ex-COO

Salim Group tycoon intensifies Indonesia data centre battle …

Premium Anthoni Salim, CEO of Indonesian conglomerate Salim Group, has raised his stake in Data Center Indonesia by an additional 1.02 trillion rupiah ($71 million) as competition heats up in the country’s cloud space on the heels of recent announcements by Tencent and Microsoft. Go to Source

Thai food delivery startup Line Man Wongnai seeks funding, eyes IPO …

Thai food delivery startup Line Man Wongnai said on Friday it was seeking investors to help grow the company and expand its domestic reach, after seeing a big jump in transactions due mainly to coronavirus curbs. “We are in fundraising mode,” chief executive Yod Chinsupakul told Reuters, adding that its current round would be open for “two… Continue reading Thai food delivery startup Line Man Wongnai seeks funding, eyes IPO …

Indonesian ecommerce GMV grows 91% to reach $40.1b in 2020

Indonesian e-commerce players crossed major milestones in 2020. Most significantly, the Gross Merchandise Value (GMV) of major players grew 91% year-on-year to $40.1 billion last year, according to Momentum Works research recent study on Indonesian e-commerce. E-commerce as a share of overall retail rose to 20% — a historical high. This is a major leap… Continue reading Indonesian ecommerce GMV grows 91% to reach $40.1b in 2020

Vision Fund II backs AInnovation and other deal updates from Greater China …

ResearchPremium Artificial intelligence startup AInnovation on Thursday announced it has closed a Series D round of financing after raising an undisclosed sum from SoftBank’s Vision Fund II.  Based on computer vision and machine learning, AInnovation integrates its three proprietary platforms – ManuVision, MatrixVision and Orion – to help industries achieve AI-driven operations across retail, manufacturing,… Continue reading Vision Fund II backs AInnovation and other deal updates from Greater China …

Asia Digest: Korea’s ESR Kendall, PGIM Real Estate acquire logistics assets 

ESR Kendall Square REIT and New York-based PGIM Real Estate have struck deals to acquire logistics assets. ESR Kendall acquires logistics facility for $145m Korea’s industrial real estate investment trust, ESR Kendall Square REIT, has completed the acquisition of a modern logistics facility in the greater Seoul suburban market for $145 million, according to an… Continue reading Asia Digest: Korea’s ESR Kendall, PGIM Real Estate acquire logistics assets