Bain Capital-backed chipmaker Kioxia plans to submit a preliminary application to list shares on the Tokyo Stock Exchange in the coming days, two people familiar with the matter said. The chipmaker plans to submit a full application in August and list at the end of October, though the timing could be pushed back to December,… Continue reading Japanese chipmaker Kioxia said to file preliminary IPO applicationThe chipmaker plans to to submit a full application in August and list at the end of…
Author: Deal Street Asia Online News
Asia Digest: beehiiv acquires AI-based website builder; Pawprints Group bags seed extension round
Typedream, a San Francisco-based startup founded by Indonesians, has been acquired by beehiiv. Meanwhile, Singapore-based Pawprints Group has announced a seed extension round led by Asia Fund X. Lightspeed-backed beehiiv buys Typedream New York-based email newsletter platform beehiiv acquired AI-based website builder Typedream in an undisclosed transaction, an executive said on Wednesday. While Typedream is… Continue reading Asia Digest: beehiiv acquires AI-based website builder; Pawprints Group bags seed extension round
Chinese EV maker Hozon files for Hong Kong IPO amid price war in home market
Chinese electric vehicle (EV) maker Hozon, which produces vehicles under the brand name Neta, has filed to go public through an initial public offering (IPO) in Hong Kong, according to a stock exchange filing on Wednesday. The size of its fundraising has not been disclosed, but media reports suggest the company could raise up to… Continue reading Chinese EV maker Hozon files for Hong Kong IPO amid price war in home market
Chinese AI firms woo OpenAI users as US company plans API restrictions
Chinese artificial intelligence (AI) companies are moving swiftly to attract users of OpenAI’s technology, following reports the U.S. firm plans to restrict access in China and other countries to its application programming interface (API), a platform that allows developers of other products to integrate its AI models. ChatGPT maker OpenAI is planning to block access… Continue reading Chinese AI firms woo OpenAI users as US company plans API restrictions
Hong Kong’s Swire Pacific to raise up to $500m via dollar bondSwire Pacific intends to use the money raised for lending within the group.
Hong Kong conglomerate Swire Pacific is looking to raise $300 million to $500 million through a 5-year dollar bond, according to two sources with direct knowledge of the matter. The proposed bond has initial price guidance for potential investors of Treasuries plus 120 basis points, according to a term sheet reviewed by Reuters. The sources… Continue reading Hong Kong’s Swire Pacific to raise up to $500m via dollar bondSwire Pacific intends to use the money raised for lending within the group.
China Merchants Capital to buy 40% stake of PCCW’s fibre business for $870m
China Merchants Capital plans to acquire a 40% stake in the copper and fibre connection access service arm under the telecommunications group controlled by Hong Kong billionaire Richard Li for $870 million, an exchange filing showed on Wednesday. The target company – Regional Link Telecom Services Holdings Limited – will remain an indirect subsidiary of… Continue reading China Merchants Capital to buy 40% stake of PCCW’s fibre business for $870m
Shopee Indonesia agrees to reforms amid allegations of unfair practices
The Indonesian anti-trust agency KPPU said that Shopee Indonesia (PT Shopee International Indonesia) and its affiliated last-mile delivery unit, Shopee Express (PT Nusantara Ekspress Kilat), have admitted to violating monopoly regulations for the courier service. This admission came during a session held by the KPPU Council on Tuesday attended by representatives and legal representatives of… Continue reading Shopee Indonesia agrees to reforms amid allegations of unfair practices
China’s Dida sets price for Hong Kong IPO, to raise $30mAt the final price, Dida will be valued at about $770 million.
China ride-sharing app operator Dida has priced its shares at HK$6 each to raise US$30 million in its Hong Kong initial public offering, two people with direct knowledge of the matter said on Wednesday. The people spoke on condition of anonymity to discuss confidential information. The Beijing-based firm sold 39.1 million shares in the IPO,… Continue reading China’s Dida sets price for Hong Kong IPO, to raise $30mAt the final price, Dida will be valued at about $770 million.
Indian logistics startup Ecom Express set to raise $172m from existing investors: Report
Gurugram-headquartered e-commerce logistics company Ecom Express Private Limited is raising about $172 million (Rs 1,424 crore) from existing investors via rights issue, Entrackr reported. The board of Ecom Express has passed a special resolution to issue 15,70,000 compulsory convertible preference shares (CCPS) at an issue price of Rs 9071 each to raise the sum, the… Continue reading Indian logistics startup Ecom Express set to raise $172m from existing investors: Report
KKR buys $2b portfolio of multifamily real estate assets from QuarterraKKR will partner with Carter-Haston, MG Properties and Dalan Real Estate to ope…
Investment firm KKR acquired a portfolio of 18 multifamily real estate assets on Tuesday from a closed end fund sponsored by developer Quarterra Multifamily for about $2.1 billion. The portfolio includes 5,200 units across California, Washington, Florida, Texas, Georgia, North Carolina, Colorado and New Jersey. The global commercial property industry, in particular offices, is still in the grip of its biggest slump since the 2007-09 financial crisis. But non-bank lenders… Continue reading KKR buys $2b portfolio of multifamily real estate assets from QuarterraKKR will partner with Carter-Haston, MG Properties and Dalan Real Estate to ope…