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 China’s Yingke PE raises nearly $1.6b for new RMB fund, days after closing USD fund
Author: Deal Street Asia Online News
JD Logistics soars in Hong Kong debut, valuing it at $36b
JD Logistics Inc soared 14% on debut, giving the Chinese delivery and warehousing firm a $36 billion stock market value and providing a strong start on Friday for what is only the third mega listing in Hong Kong so far this year. Shares of the company, spun out from Chinese e-commerce firm JD.com, opened at… Continue reading JD Logistics soars in Hong Kong debut, valuing it at $36b
Singtel plans to ramp up funding in SE Asia’s digital service cos
Singtel has started such digital investments, including a digital banking joint venture with Singapore’s Grab. (Photo by Keiichiro Asahara) Premium Singapore Telecommunications will raise its investment in digital service companies in Southeast Asia, attempting to seize opportunities in the region, the company said Thursday, as the COVID-19 pandemic weighs on its traditional mobile carrier business.… Continue reading Singtel plans to ramp up funding in SE Asia’s digital service cos
Minnesota SBI commits $300m to Blackstone’s second Asia PE fund …
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Blank cheque firm PTK merges with Israel’s Valens, says SPACs will become more mainstream …
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 …
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