Author: Deal Street Asia Online News

ING Labs spin-out Stemly nets $2.5m seed funding and other SE Asia deals

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 ING Labs spin-out Stemly nets $2.5m seed funding and other SE Asia deals

Boyu, Sinopharm among shortlisted bidders for drugmaker Mundipharma’s China unit

Drugmaker Mundipharma has included Boyu Capital and state-owned Sinopharm on a shortlist of bidders for its Chinese business, two people familiar with the situation said. Chinese buyout firms CITIC Capital and CPE are also on the shortlist for Mundipharma’s China unit, which sources have said could fetch more than $1 billion. Mundipharma, which is owned by the… Continue reading Boyu, Sinopharm among shortlisted bidders for drugmaker Mundipharma’s China unit

Apple said to be in talks with China’s CATL, BYD over battery supplies for its electric car …

Apple Inc is in early-stage talks with China’s CATL and BYD about the supply of batteries for its planned electric vehicle, four people with knowledge of the matter said. The discussions are subject to change and it is not clear if agreements with either CATL or BYD will be reached, said the people who declined… Continue reading Apple said to be in talks with China’s CATL, BYD over battery supplies for its electric car …

Bank Syariah Indonesia seeks to tap religious millennials to double assets

Bank Syariah Indonesia (BSI), the country’s biggest Islamic lender, plans to cater to a growing community of more religious millennials to help double its assets within three to four years, its chief executive told Reuters. BSI was formed this year via a merger between the Islamic banking units of state-controlled Bank Rakyat Indonesia, Bank Mandiri and Bank Negara Indonesia, making it Indonesia’s seventh-biggest bank. The… Continue reading Bank Syariah Indonesia seeks to tap religious millennials to double assets

Nvidia said to seek approval from Chinese regulators for $40b Arm deal

Nvidia Corp has submitted an application to Chinese competition regulators to review a $40 billion takeover of UK chip designer Arm, the Financial Times reported on Tuesday, citing people familiar with the matter. The application was made in recent weeks and sets in motion a period of scrutiny that could take up to 18 months,… Continue reading Nvidia said to seek approval from Chinese regulators for $40b Arm deal

Chinese genome sequencing firm QitanTech bags $63m co-led by GL Ventures, CDH

QitanTech, a developer of genome sequencing technology, announced on Tuesday that it has pocketed over 400 million yuan ($63 million) in a Series B round. The investment was co-led by Hillhouse Capital’s venture unit GL Ventures and CDH Venture and Growth Capital (VGC), a sub-fund of Chinese alternative asset manager CDH Investments, which invests in… Continue reading Chinese genome sequencing firm QitanTech bags $63m co-led by GL Ventures, CDH

Malaysia’s Yinson, SG’s SMRT Ventures co-invest in autonomous vehicle startup MooVita

Malaysia-listed Yinson Holdings and SMRT Ventures, the corporate venture arm of Singapore’s public transport operator SMRT Corp Ltd, announced they will co-invest a “multi-million dollar amount” in Singapore’s autonomous vehicle tech startup MooVita. Lead investor Yinson, an energy infrastructure and technology company, entered into an agreement with SMRT Ventures for the investment, the companies said… Continue reading Malaysia’s Yinson, SG’s SMRT Ventures co-invest in autonomous vehicle startup MooVita

US PE giant KKR to make more bets on Japan’s cloud software startups

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 US PE giant KKR to make more bets on Japan’s cloud software startups