Author: Deal Street Asia Online News

Blackstone to acquire International Data Group from China Oceanwide

US buyout major Blackstone on Thursday announced it is acquiring market intelligence firm International Data Group (IDG) for an enterprise value of $1.3 billion. Blackstone-managed private equity funds have signed an agreement to buy IDG from Oriental Rainbow, a subsidiary of China Oceanwide Holdings Group. Founded in 1964, IDG provides technology research, data, advisory services,… Continue reading Blackstone to acquire International Data Group from China Oceanwide

Chinese retailer Suning gets $500m bailout from state-backed fund …

Jiangsu province-based Suning.com said Wednesday 5.59% of its shares will be transferred to a fund started by four state-owned enterprises which are ultimately controlled by the provincial government. Photo: VCG Premium Chinese retailing giant Suning will receive a 3.2 billion yuan ($500.6 million) temporary bailout from a state-controlled fund as the owner of leading football club Inter… Continue reading Chinese retailer Suning gets $500m bailout from state-backed fund …

Chinese financial advisory firm Lighthouse plans two new funds, eyes long-term returns

Premium Lighthouse Capital, which has facilitated investments into some of China’s most prominent technology upstarts including online short-video giant Kuaishou Technology, is planning to garner capital for two new funds, while it aims to leverage market know-how as a boutique financial advisor to cash in on the growth potential of Chinese startups. Go to Source

SoftBank Vision Fund may deploy over $4b in Indian tech bets this year

“In India, we’ve already invested more than $2 billion in 8-9 companies in the first five months of this year…a few deals are yet to be announced. And we will continue to invest if we find the right opportunities. We anticipate investing a similar size in the remainder of this year,” SoftBank Vision Fund CEO… Continue reading SoftBank Vision Fund may deploy over $4b in Indian tech bets this year

CVC Capital Partners invests in Japanese streetwear brand A Bathing Ape

CVC Capital Partners has completed an investment in Japanese streetwear brand A Bathing Ape (BAPE) after the brand became an independent company from Hong Kong fashion retailer I.T Limited, according to a statement. The investment follows the successful privatisation of I.T Limited by Brooklyn Investment Limited, owned by CVC Capital Partners Asia V Limited and… Continue reading CVC Capital Partners invests in Japanese streetwear brand A Bathing Ape

Artha Venture Fund hits final close of debut fund at $30m, to invest in 12-15 startups …

Over fifty limited partners (LPs) participated in the fund. More than half of the investments came from family offices, and from over 20 listed companies who participated directly or through promoter entities. Non-resident Indians, ultra-rich individuals, super angels and Small Industries Development Bank of India (SIDBI) invested the remaining capital. The fund invests in business-to-business… Continue reading Artha Venture Fund hits final close of debut fund at $30m, to invest in 12-15 startups …

Toyota rebrands investment arm, adds fund focused on controlling climate change …

Toyota Motor Corp is rebranding its corporate investment arm as Toyota Ventures and adding two early-stage funds, including one focused on investing in startups developing solutions for climate change and carbon neutrality. The Japanese automaker is beefing up its four-year-old investment arm, formerly known as Toyota AI Ventures, with the addition of the $150 million Frontier Fund and the $150… Continue reading Toyota rebrands investment arm, adds fund focused on controlling climate change …

Ant Group’s consumer finance unit in Chongqing bags operating approval

Ant Group’s consumer finance unit has won approval to begin operating in Chongqing city, the local banking watchdog said on Thursday. The approval comes nearly two months after Chinese regulators imposed a sweeping restructuring on Jack Ma’s fintech conglomerate, underscoring a step forward for the revamp of the group’s outstanding lucrative consumer loan business. The unit,… Continue reading Ant Group’s consumer finance unit in Chongqing bags operating approval

Tesla supplier CATL plans to set up a major automotive battery plant in Shanghai

China’s CATL is planning a major new automotive battery plant in Shanghai, continuing a blistering pace of expansion that will cement its lead as the world’s No.1 supplier, two people with knowledge of the matter said. Locating the factory in Shanghai will put it close to Tesla Inc’s Chinese production base after it began supplying batteries for… Continue reading Tesla supplier CATL plans to set up a major automotive battery plant in Shanghai