Author: Deal Street Asia Online News

Tencent-backed data management firm Xuncetech bags $110m from Goldman, others

Shenzhen Xunce Technology Limited (Xuncetech), a specialist in asset data management and risk control systems, announced on Wednesday that it has completed a 700 million yuan ($110 million) Series C round of financing.  The fresh funding was co-led by Chinese asset manager CITIC Private Equity Funds Management Co., Ltd (CPE), and Taikang Insurance Group, besides… Continue reading Tencent-backed data management firm Xuncetech bags $110m from Goldman, others

Temasek-backed telco Singtel weighs investment options after decades-low profit …

Telco Singtel on Thursday posted its lowest profit in at least two decades following a S$1.18 billion ($892 million) impairment charge, and said it was exploring options for its infrastructure assets that include towers, satellites, subsea cables, and data centres. Faced with slowing growth in its traditional carrier business, Singapore Telecommunications — Southeast Asia’s largest telecom operator… Continue reading Temasek-backed telco Singtel weighs investment options after decades-low profit …

SE Asia’s e-commerce market could add $280b by onboarding more women sellers

Southeast Asia’s e-commerce market could grow by more than $280 billion between 2025 and 2030, if women entrepreneurs are incentivised to participate more on digital selling platforms, according to a new report by the World Bank’s International Finance Corporation (IFC). More women have embraced digital businesses showed the Women and e-commerce in Southeast Asia report,… Continue reading SE Asia’s e-commerce market could add $280b by onboarding more women sellers

Australian EV charger maker Tritium valued at $1.2b in SPAC merger, to list on Nasdaq

Tritium, a manufacturer of fast chargers for electric vehicles (EVs) based in Australia’s Brisbane, plans to go public in the US through a merger with a blank cheque company. The deal values Tritium at $1.2 billion (A$1.55 billion), the company said on Wednesday. Upon closing of the transaction with Decarbonization Plus Acquisition Corporation II (DCRN),… Continue reading Australian EV charger maker Tritium valued at $1.2b in SPAC merger, to list on Nasdaq

Medical claims administrator MiCare nets $60m from IFC, Mitsui

MiCare HealthTech Holdings (MiCare), a subsidiary of Zuellig Pharma that administers medical claims, has received a $60 million investment from International Finance Corporation (IFC) and Mitsui & Co (Asia Pacific), according to an announcement. The healthcare third-party administrator said it will use the investment to fund its expansion in key Southeast Asian markets, including Indonesia… Continue reading Medical claims administrator MiCare nets $60m from IFC, Mitsui

Esco Lifesciences raises $200m in Vivo Capital, Novo Holdings-led round …

Singapore-based Esco Lifesciences, which provides products and services for the life sciences and healthcare industries, has announced the closure of an oversubscribed $200 million Series A and crossover round led by Vivo Capital and Novo Holdings.   The round saw participation from new investors including EDBI, which is the investment arm of the Singapore Economic Development… Continue reading Esco Lifesciences raises $200m in Vivo Capital, Novo Holdings-led round …

SoftBank CEO Masayoshi Son’s pay fell by half last year

SoftBank Group Corp Chief Executive Masayoshi Son’s remuneration for the past business year fell by 52% to 100 million yen ($915,000) including basic pay, a filing from the Japanese conglomerate showed on Thursday. The disclosure ahead of SoftBank‘s annual general meeting on June 23 follows a turbulent year which saw the group pounded by the COVID-19 pandemic before rebounding to record profit on market appetite… Continue reading SoftBank CEO Masayoshi Son’s pay fell by half last year

SoftBank leads $775m funding in US consumer products firm Perch …

SoftBank Group Corp‘s Vision Fund 2 has led a $775 million investment in Perch, a technology firm that buys and operates third-party brands that sell their products on Amazon.com Inc. The Series A funding will make Perch a so-called “unicorn” – implying a valuation of $1 billion or more and brings the company’s total funding… Continue reading SoftBank leads $775m funding in US consumer products firm Perch …