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 Blank cheque firm PTK merges with Israel’s Valens, says SPACs will become more mainstream …
Author: Deal Street Asia Online News
India: PharmEasy ropes in two i-bankers for India IPO P…
The company appointed JM Financial and Kotak Investment Banking for its initial public offering, the people said, on condition of anonymity. A foreign bank may also be hired, one of the three people said. PharmEasy is also considering an indirect listing in the US through a merger with a special purpose acquisition company or SPAC,… Continue reading India: PharmEasy ropes in two i-bankers for India IPO P…
China’s market regulator asks Alibaba-backed Nice Tuan to suspend ops
The Chinese market regulator has asked Alibaba–backed Nice Tuan to suspend its operations in Jiangsu province for three days and fined it 1.5 million yuan ($235,302) for failing to take action over product dumping practices and pricing fraud. The State Administration for Market Regulation (SAMR) said in a statement on its website that the community group buying service provider had failed to correct wrongdoings… Continue reading China’s market regulator asks Alibaba-backed Nice Tuan to suspend ops
Foxconn in talks to buy stake in Malaysian tech firm DNeX …
Taiwanese firm Foxconn Technology Co Ltd is in talks to acquire a stake in Malaysian technology firm Dagang NeXchange Bhd (DNeX) after losing a bid for a semiconductor maker DNeX now owns, Bloomberg reported on Thursday, citing sources. It said Foxconn, the main assembler of Apple’s iPhones, was seeking a minority stake to help the group expand… Continue reading Foxconn in talks to buy stake in Malaysian tech firm DNeX …
SEA Digest: GrabPay in pact with Stripe; SiCepat partners DMMX
GrabPay has partnered with digital payments giant Stripe while Indonesian logistics company SiCepat Ekspres has announced a collaboration with PT Digital Mediatama Maxima Tbk. Singapore’s GrabPay announces partnership with Stripe GrabPay, the e-wallet service of Singapore-based Grab, has announced a partnership with digital payments giant Stripe. “With e-commerce’s increasing popularity here, we believe that Stripe’s… Continue reading SEA Digest: GrabPay in pact with Stripe; SiCepat partners DMMX
IFC mulls up to $200m loan for China’s COVID-19 vaccine maker Fosun Pharma
Premium The International Finance Corp (IFC), the private sector arm of the World Bank, is considering offering a straight senior loan of up to $200 million to Shanghai Fosun Pharmaceutical to support the Chinese firm’s production of medical products including the COVID-19 vaccine, the IFC disclosed this week. Go to Source
India: Engineering firm Onward Tech to raise $9.6m from PE investor Convergent Finance …
Digital and engineering services company Onward Technologies Ltd on Thursday said its board has considered and approved raising Rs70.2 crore from funds advised by Convergent Finance LLP, a private equity investment firm founded by former Fairfax India head Harsha Raghavan. Onward Tech is a niche digital and engineering services company which provides mechanical engineering, electronics… Continue reading India: Engineering firm Onward Tech to raise $9.6m from PE investor Convergent Finance …
Indonesia’s e-commerce unicorn Bukalapak files for domestic IPO
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 Indonesia’s e-commerce unicorn Bukalapak files for domestic IPO
Fosun leads funding in Yunphant Blockchain and 10 more updates from Greater China
ResearchPremium Hangzhou-headquartered smart blockchain services developer Yunphant Blockchain has closed its Series B round of financing, raising a corpus of over 100 million yuan ($15 million), it said on Thursday. The round was led by Fosun Fanyi Fund, a sub-fund of Chinese conglomerate Fosun International. Return investor Shenzhen Capital Group along with new backer Hangzhou… Continue reading Fosun leads funding in Yunphant Blockchain and 10 more updates from Greater China
Indian payments giant Paytm said to have kick-started work on $3b domestic IPO
Vijay Shekhar Sharma’s Paytm, one of the highest valued Indian technology companies, has thrown its hat in the ring for a domestic initial public offering (IPO), said two people aware of the development. The Softbank, Alibaba and Berkshire Hathaway backed payments company has appointed investment banks and lawyers to start working on its Indian IPO,… Continue reading Indian payments giant Paytm said to have kick-started work on $3b domestic IPO