December 20, 2018 SoftBank Vision Fund (SBVF) has made a $500-million investment in global mobile telematics and analytics provider Cambridge Mobile Telematics, according to a company statement. Headquartered in Cambridge, MA, CMT aims to improve the safety of people and goods using mobile sensing and IoT, AI, and behavioural science. The company claims to have pioneered… Continue reading SoftBank Vision Fund makes $500m investment in Cambridge Mobile Telematics
Author: Deal Street Asia Online News
Shell acquires 49% stake in Singapore-headquartered Cleantech Solar
December 19, 2018 Royal Dutch Shell has agreed to acquire a 49 percent stake in Asia-focused firm Cleantech Solar, the energy giant’s second investment in solar power this year. The Anglo-Dutch company will have an option to increase its holding in Cleantech after 2021. The deal is expected to close in January 2019. Cleantech Solar develops, owns… Continue reading Shell acquires 49% stake in Singapore-headquartered Cleantech Solar
China’s Geely-owned Saxo to buy Dutch online lender BinckBank for $480m
December 17, 2018 Saxo Bank is to buy Dutch online bank BinckBank for around $480 million to expand in the online trading and investment business where competition is heating up. Traditional banks are having to compete with fintech startups, new payment providers and large internet platforms like Amazon venturing into the payment industry. In addition,… Continue reading China’s Geely-owned Saxo to buy Dutch online lender BinckBank for $480m
Vietnam: Vingroup sets up new subsidiary Vingroup Ventures, hires CEO
December 14, 2018 Vietnam’s listed Vingroup has established Vingroup Ventures, a 70 per cent-owned subsidiary, with the registered business operation of consultancy and support services. Vingroup has made a spate of announcements recently to boost technology development, including setting up a software unit VinTech, big data and hi-tech R&D centres, partnership with over 50 universities… Continue reading Vietnam: Vingroup sets up new subsidiary Vingroup Ventures, hires CEO
India’s Motherson Sumi in early merger talks with German peer Leoni
December 14, 2018 Indian car wiring maker Motherson Sumi Systems Ltd is in early talks with German peer Leoni AG over a possible merger of the pair, two people close to the matter said. The car industry and its suppliers, facing a regulatory crackdown on diesel emissions and a slump in China, have issued a… Continue reading India’s Motherson Sumi in early merger talks with German peer Leoni
Vingroup acquires 51% in Spanish hardware firm BQ to make smartphones
December 12, 2018 Vingroup, the Vietnam-based $14.2-billion conglomerate, has acquired 51 per cent stake in Spanish consumer electronics devices maker BQ to produce its new line of smartphones. The Vsmart-branded phones will be introduced on Friday, only six months after the business giant announced the establishment of its VinSmart subsidiary. Vingroup and BQ will jointly… Continue reading Vingroup acquires 51% in Spanish hardware firm BQ to make smartphones
Thailand: Indorama Ventures to acquire German airbag maker UTT
December 12, 2018 Bangkok-based petrochemical producer Indorama Ventures Pcl (IVL) has entered into an agreement to acquire airbag yarns and technical textiles supplier UTT Beteiligungsgesellschaft mbH. Financial terms of the deal were not disclosed. IVL on Tuesday said in a filing to the Stock Exchange of Thailand that UTT will be acquired by PHP Fibers,… Continue reading Thailand: Indorama Ventures to acquire German airbag maker UTT
DBS Bank ‘very open’ to pursuing strategic investment in Go-Jek
November 29, 2018 Premium Southeast Asia’s largest lender, DBS Bank says it is ‘very open’ to pursuing a strategic investment in Indonesian ride-hailing unicorn, Go-Jek. Go to Source
Chinese electric vehicle maker Leap Motor raises $290m in funding
November 22, 2018 Hangzhou-based electric vehicle maker Leap Motor has raised RMB2 billion ($290 million) for its ongoing Series A round led by Shanghai Electric Group, it said in an announcement on November 21. The startup aims to raise RMB2.5 billion ($360 million) by the end of the year. Other investors that joined the round… Continue reading Chinese electric vehicle maker Leap Motor raises $290m in funding
VW-backed ride-hailing app Gett seeks buyers to compete with bigger rivals
November 19, 2018 Gett Inc., the ride-hailing app valued at more than $1 billion and backed by Volkswagen AG, is looking for buyers in a bid to compete with larger rivals, people familiar with the matter said. The Israeli tech company has approached potential bidders including other car-hire firms, the people said, asking not to… Continue reading VW-backed ride-hailing app Gett seeks buyers to compete with bigger rivals