Indonesia’s most valuable startup Gojek officially launched the Gojek app in Vietnam while Next100 has invested $500,000 in Computer Vision Vietnam. Gojek launches its app, brand in Vietnam Indonesia’s most valuable startup Gojek on Wednesday announced the official launch of the Gojek app in Vietnam. The move follows GoViet’s recent announcement that it would unite… Continue reading Vietnam Digest: GoViet makes way for Gojek; Next100 backs Computer Vision
Author: Deal Street Asia Online News
Google’s $2.1b Fitbit deal hits roadblock as EU launches probe
Alphabet unit Google’s bid to take on Apple and Samsung in the wearable technology market by buying Fitbit hit a hurdle on Tuesday as EU antitrust regulators launched an investigation into the $2.1 billion deal. The move by the European Commission on Tuesday came despite Google’s pledge last month not to use the fitness tracker’s… Continue reading Google’s $2.1b Fitbit deal hits roadblock as EU launches probe
Singapore’s Equis Development raises $85m for Asia renewables platform
Equis Development, a renewable energy and waste infrastructure developer controlled by Global Infrastructure Partners (GIP), announced that it has raised 100 billion won ($85 million) with Hana Financial Investment to construct one of the largest waste-to-energy platforms in South Korea. Equis, which has offices in Australia, Korea, Japan, and Singapore, will be constructing the portfolio… Continue reading Singapore’s Equis Development raises $85m for Asia renewables platform
Google to buy stake in home security company ADT for $450m
Alphabet Inc’s Google is picking up a 6.6% stake in ADT Inc for $450 million, betting on the home security company’s strong customer base and an army of technicians to drive sales of its Nest devices. ADT shares nearly doubled to hit a high of $17.2 and traded well above their IPO price of $14 for… Continue reading Google to buy stake in home security company ADT for $450m
Shell Australia to acquire environmental services firm Select Carbon
Royal Dutch Shell’s Australia unit said on Monday it will buy environmental services firm Select Carbon as it seeks to cut back its emissions and expand its low-carbon and renewable power business. Shell did not disclose a value for the deal, but said it will help in contributing towards the company’s ambition of being a “net-zero… Continue reading Shell Australia to acquire environmental services firm Select Carbon
China gathers $12.7b for first green investment fund
An investor group led by China’s Ministry of Finance, Ministry of Ecology and Environment and the city of Shanghai has raised 88 billion yuan ($12.7 billion) for the country’s first dedicated environmental fund. The three parties are leading a group of 26 investors – most of them state-owned entities – to commit capital to the… Continue reading China gathers $12.7b for first green investment fund
Chinese electric vehicle maker Xpeng said to raise another $300m
Chinese electric vehicle (EV) maker Xpeng Motors has raised an additional $300 million from investors including Qatar’s sovereign wealth fund, people familiar with the matter said. As enthusiasm builds for EVs, shares of their makers such as Tesla Inc and Nio Inc have surged in recent months and automakers are looking to the markets for funds. Six-year-old Xpeng,… Continue reading Chinese electric vehicle maker Xpeng said to raise another $300m
Uber halts move to shift Asia HQ to HK, to extend stay in Singapore
Uber Technologies Inc on Thursday halted a plan to move its Asian headquarters to Hong Kong in another business blow for the Chinese-ruled city, choosing to extend its stay in Singapore until at least December 2022. The firm’s announcement comes after China enacted a national security law for Hong Kong, which has stirred worries over… Continue reading Uber halts move to shift Asia HQ to HK, to extend stay in Singapore
Vietnam’s beGroup partners ComfortDelGro’s local unit to launch beTaxi
Vietnamese ride-hailer beGroup has partnered with Vinataxi, the local business of Singapore transport firm ComfortDelGro Corporation, to launch its beTaxi service. The new offering provides four-seater and seven-seater taxi booking for users, starting July 30. beGroup said, in a statement, the new service will help facilitate the transportation needs in peak hours when customers usually… Continue reading Vietnam’s beGroup partners ComfortDelGro’s local unit to launch beTaxi
China Deal Monitor: ZhenFund backs Qinglei and more updates
ResearchPremium Radar solution developer Beijing Qinglei Technology Co., Ltd has raised ‘millions of US dollars’ in an angel round from ZhenFund and early-stage investment firm Ceyuan Ventures, per a company filing. The proceeds will be used to facilitate radar solution innovation and commercialization. With founding members from Tsinghua University, Qinglei is active in novel millimeter-wave… Continue reading China Deal Monitor: ZhenFund backs Qinglei and more updates