Author: Deal Street Asia Online News

Vietnam’s Mekong Capital invests $10m in water purifier maker Mutosi Group

Vietnam-based private equity firm Mekong Capital has invested $10 million in the water purifiers manufacturer and distributor Mutosi Group, according to a statement on Wednesday. This investment was made through Mekong Enterprise Fund IV (MEF IV), Mekong Capital’s largest fund which secured its final close earlier this year at $246 million. Mutosi Group specialises in… Continue reading Vietnam’s Mekong Capital invests $10m in water purifier maker Mutosi Group

Leading crypto exchanges weigh India foray despite potential ban

Global digital currency exchanges are exploring ways to set up in India, following in the footsteps of market leader Binance, industry sources told Reuters, while the government in New Delhi dithers over introducing a law that could ban cryptocurrencies. Opponents of the potential ban say it would stifle the economic power of a tech-savvy, young… Continue reading Leading crypto exchanges weigh India foray despite potential ban

People digest: Razer’s Edwin Chan joins Carousell; Plenary names fund management chief

Razer’s former chief investment officer Edwin Chan will be the new CFO at Southeast Asian classifieds marketplace Carousell, while Australian public infrastructure investor and developer Plenary Group has picked Julie-Anne Mizzi to helm its new funds management business. Former Razer CIO to take over as CFO at Carousell Gaming company Razer’s former chief investment officer… Continue reading People digest: Razer’s Edwin Chan joins Carousell; Plenary names fund management chief

Alibaba Cloud earmarks $1b for investments in Asian tech startups …

Alibaba Cloud, the digital technology and intelligence division of Alibaba Group, has announced it will invest $1 billion to support startups in the Asia-Pacific region over the next three years. The $1-billion commitment will be the initial funding for Project AsiaForward, an initiative that seeks to cultivate a million-strong digital talent pool, support 100,000 developers,… Continue reading Alibaba Cloud earmarks $1b for investments in Asian tech startups …

SG central bank places $1.8b with asset managers for green investments

Singapore‘s central bank has placed $1.8 billion with five asset managers as part of moves to protect its portfolio from climate change risks and aid the city-state’s efforts to promote environmentally sustainable projects. “We aim to reduce risks to the portfolio across different climate scenarios, seize investment opportunities from the transition to a lower carbon… Continue reading SG central bank places $1.8b with asset managers for green investments

How SoftBank’s bets in green energy soured in India

SoftBank executives were at hand to support Nanda, who asserted that SB Energy was in India for the long haul. Less than a week later, billionaire Gautam Adani’s Adani Green Energy Ltd (AGEL) would announce the acquisition plans for SB Energy India. By then, SoftBank, under chairman and CEO Masayoshi Son, had been on a roller-coaster ride as… Continue reading How SoftBank’s bets in green energy soured in India

India: upGrad to hire 1,000 employees in 3 mths to fuel expansion plans

The Mumbai-based firm had raised $120 million from Singapore’s Temasek in the last week of April, its first external funding since it was founded six years ago, to accelerate growth in its product offerings and geographic reach. The edtech firm that operates in the higher education space said it will hire largely from smaller towns and cities and also… Continue reading India: upGrad to hire 1,000 employees in 3 mths to fuel expansion plans

Chinese online grocer Dingdong Maicai files for US IPO

Chinese grocery app Dingdong Maicai, backed by investors including Sequoia Capital and Tiger Global Management, filed for a U.S. initial public offering on Tuesday, as it seeks more funds to compete in a crowded sector. The COVID-19 pandemic has fueled online demand for fresh produce in China, with e-commerce companies including Dingdong, Alibaba Group and Pinduoduo competing aggressively to grab… Continue reading Chinese online grocer Dingdong Maicai files for US IPO