GameStop on Wednesday named the head of Amazon’s Australian business as its CEO and said the struggling videogame retailer may sell new shares, sending its volatile stock down 7% in extended trade and disappointing some of its ardent fan base of individual investors. In a quarterly report that was stronger than analysts forecast, GameStop said it may… Continue reading Amazon Australia chief to join US videogame maker GameStop as CEO
Author: Deal Street Asia Online News
Alibaba planning to develop self-driving trucks with logistics subsidiary Cainiao
Chinese e-commerce leader Alibaba Group Holding Ltd plans to develop self-driving trucks with logistics subsidiary Cainiao, Chief Technology Officer Cheng Li said on Thursday. Cheng also said Cainiao aims to introduce 1,000 autonomous delivery robots in China over the next year. The announcement comes as dozens of startups, automakers and large technology firms, such as… Continue reading Alibaba planning to develop self-driving trucks with logistics subsidiary Cainiao
Thailand’s 9 Basil to continue backing Alpha Capital, targets IPO in 2022 …
Bangkok-based 9 Basil, an independent funds management business, has announced plans to continue backing its investee company Alpha Capital and position it for an IPO in 2022. 9 Basil will continue to allocate capital to the distressed debt management platform, and aim to make it the largest independent asset management company in Thailand, according to… Continue reading Thailand’s 9 Basil to continue backing Alpha Capital, targets IPO in 2022 …
India: Lockdown in 2nd wave challenging, says Amazon’s Amit Agarwal
Amazon plans to empower businesses using technology, lower cost of operations, and build infrastructure and logistics to enable fast and free delivery, India head Amit Agarwal said, as the e-commerce company completes eight years in India. Unlike last year when e-commerce firms were allowed to deliver essentials and adhere to norms under a national lockdown,… Continue reading India: Lockdown in 2nd wave challenging, says Amazon’s Amit Agarwal
China Digest: MissFresh files for US IPO, Zhangmen raises $41.7m …
Premium MissFresh, a Tencent-backed Chinese online grocery startup, has filed to raise $100 million in an initial public offering (IPO) in the US while Warburg Pincus-backed Zhangmen Education priced its US IPO to raise $41.7 million, according to separate filings. Go to Source
Crypto deals in Southeast Asia are up, but will the rally last? …
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 Crypto deals in Southeast Asia are up, but will the rally last? …
Indonesia’s BukuWarung raises $60m led by Valar Ventures, Goodwater Capital
BukuWarung, an Indonesian fintech startup that helps micro-SMEs (MSMEs) digitise their businesses, has raised $60 million in its Series A round, led by US-based VC firms Valar Ventures and Goodwater Capital, confirming an earlier story done by DealStreetAsia. In April, we had reported about the development that marks Valar’s first funding in the archipelago. The… Continue reading Indonesia’s BukuWarung raises $60m led by Valar Ventures, Goodwater Capital
Tencent to reposition short-video app Weishi to focus on movie content
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 Tencent to reposition short-video app Weishi to focus on movie content
S Korean investor STIC beefs up venture deals in Vietnam, backs Coolmate
Nguyen Hue, Vietnam. Photo: Peter Nguyen/unsplash Premium South Korea-based investment firm STIC Investments, which has a strong presence in Vietnam’s private equity space, is scouting for more venture deals to tap into the country’s fast-growing startup ecosystem. Go to Source
Auto battery maker LG Energy Solution seeks nod for South Korean IPO …
Auto battery maker and Tesla Inc supplier LG Energy Solution (LGES) applied for preliminary approval of an initial public offering (IPO) that publication IFR said could raise $10 billion-$12 billion in South Korea’s biggest ever listing. LGES and the Korea Exchange announced the application for approval of the previously flagged IPO on Tuesday, without mentioning its size. IFR… Continue reading Auto battery maker LG Energy Solution seeks nod for South Korean IPO …