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 Laiye, China’s answer to UniPath, eyes unicorn status by end-2021, plans global foray …
Author: Deal Street Asia Online News
SoftBank Ventures Asia co-leads Series B funding in Chinese self-driving startup Neolix
Neolix Technologies, a Chinese autonomous vehicle startup for the logistics industry, has announced raising an undisclosed amount in its Series B funding round co-led by SoftBank Ventures Asia and CICC Capital. Existing shareholders Yunqi Capital and Glory Ventures also participated in the funding round that will finance the enhancement of Neolix’s range of services as… Continue reading SoftBank Ventures Asia co-leads Series B funding in Chinese self-driving startup Neolix
JustCo eyes growing demand for flexible workspace in post-pandemic recovery
Premium Before the likes of WeWork lured entrepreneurs and freelancers with free beer and foosball, Kong Wan Sing spent time at a serviced office leased by one of the largest global operators. It was then that the seeds of launching a co-working space were sown. Go to Source
Startup funding in India rises to 19-month high of $10.7b in July
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 Startup funding in India rises to 19-month high of $10.7b in July
Thai energy firm PTT increases renewable target, eyes EV venture
Thailand’s state-owned PTT Pcl is setting its sights on a future in electric vehicles (EV) and more renewable power, its top executive said on Tuesday. “We have a new vision,” Auttapol Rerkpiboon said, laying out plans for growth and increasing its renewable power target to 12 gigawatts (GW) by 2030, from 8 GW previously. “Energy has arrived at a point of change, moving more… Continue reading Thai energy firm PTT increases renewable target, eyes EV venture
Shanghai regulators crack down on ‘black mouth’ online stock manipulators
Internet and securities watchdogs in China’s financial hub Shanghai have waged a campaign against “black mouths”, commentators who try to manipulate stock prices with online posts, the cyberspace regulator said in Tuesday. During the recently launched campaign, the Shanghai offices the Cyberspace Administration of China (CAC) and China Securities Regulatory Commission (CSRC) deleted or blocked over 17,000 pieces of… Continue reading Shanghai regulators crack down on ‘black mouth’ online stock manipulators
Investment banks in South Korea pocket record fees this year amid IPO boom
Investment banks in South Korea have pocketed record fees from equity underwriting this year thanks to a boom in initial public offerings (IPOs), data showed — and bankers are betting a buzzing deal pipeline means a continued near-term surge. The total fee pool for 2021 equity capital market (ECM) deals in South Korea is now… Continue reading Investment banks in South Korea pocket record fees this year amid IPO boom
China market regulator okays Ping An’s acquisition of New Founder Group
China‘s market regulator has approved Ping An Life Insurance’s acquisition of a majority stake in New Founder Group, which was established after Founder Group started court-led restructuring proceedings last year. The anti-trust bureau of the State Administration for Market Regulation issued the approval on its website on Tuesday, without disclosing financial details of the deal. Ping An Insurance Group said in April that its subsidiary Ping An Life would acquire a 51.1%… Continue reading China market regulator okays Ping An’s acquisition of New Founder Group
Indian car service startup myTVS raises $50m funding from Exor …
myTVS, an online garage aggregator for automotive repair and maintenance services, has raised about $50 million (Rs 375 crore) from a fund managed by Exor, the holding company of Italy’s Agnelli family. myTVS will use the funds to scale up its online-to-offline business model, establish a pan India platform and build its cloud-based digital infrastructure… Continue reading Indian car service startup myTVS raises $50m funding from Exor …
[Updated] Sea Group’s second quarter losses widen by 10% on higher marketing, R&D spends
Singapore-based e-commerce and gaming giant Sea Ltd. on Tuesday reported a net loss of $434 million for the second quarter of this year, widening its loss by 10.2% from $394 million a year ago as spending on sales and marketing, and R&D rose significantly. The NYSE-listed company booked revenues of $2.28 billion, up 159% from… Continue reading [Updated] Sea Group’s second quarter losses widen by 10% on higher marketing, R&D spends