Author: Deal Street Asia Online News

India: 360 ONE Asset raises $500m for secondary fundThe firm expects to make 20 investments from the vehicle.

360 ONE Asset Management, formerly known as IIFL Asset Management Ltd, has raised $500 million for its first secondary fund just three months after its launch. The firm expects to hit a final close in a few weeks. The fund has made six investments so far. It is intending to make 20 such investments. In… Continue reading India: 360 ONE Asset raises $500m for secondary fundThe firm expects to make 20 investments from the vehicle.

SoftBank-backed Swiggy targets $15b valuation in India IPOThe deal would make it one of the biggest Indian initial public offerings this year.

SoftBank-backed Indian food delivery giant Swiggy is targeting a valuation of around $15 billion for its upcoming stock market offering to raise $1-1.2 billion, three people familiar with the matter said. The deal would make it one of the biggest Indian initial public offerings this year. Swiggy competes with Zomato in India’s online restaurant and cafe food delivery… Continue reading SoftBank-backed Swiggy targets $15b valuation in India IPOThe deal would make it one of the biggest Indian initial public offerings this year.

Asian Infrastructure Investment Bank issues first digital bond, raises $300mDigital bonds are debt instruments that are issued on a blockchain or a di…

The Asian Infrastructure Investment Bank issued its first digital bond on Friday, raising $300 million, Euroclear said in a statement. The issue is the first dollar-denominated digital issuance for Euroclear and the first issuance by an Asia-based issuer on its platform, using its distributed ledger technology system. Digital bonds are debt instruments that are issued on a… Continue reading Asian Infrastructure Investment Bank issues first digital bond, raises $300mDigital bonds are debt instruments that are issued on a blockchain or a di…

Alibaba gets shareholder nod to upgrade Hong Kong listingThe move is aimed at attracting investments from mainland China.

Shareholders of Chinese e-commerce giant Alibaba have approved a plan to upgrade its Hong Kong listing to primary status, the company said on Friday, a move that is expected to attract huge investments from mainland China. The Jack Ma founded firm had originally proposed the idea a couple of years ago at a time when there was… Continue reading Alibaba gets shareholder nod to upgrade Hong Kong listingThe move is aimed at attracting investments from mainland China.

Chinese entities are accessing high-end US chips, AI using Amazon cloudProviding access to such chips through the cloud is not a violation of US regul…

State-linked Chinese entities are using cloud services provided by Amazon or its rivals to access advanced US chips and artificial intelligence capabilities that they cannot acquire otherwise, recent public tender documents showed. The US government has restricted the export of high-end AI chips to China over the past two years, citing the need to limit the Chinese military’s capabilities. Providing… Continue reading Chinese entities are accessing high-end US chips, AI using Amazon cloudProviding access to such chips through the cloud is not a violation of US regul…

China’s Dreame sets up CVC arm, targets $1.54b for debut fundsThe CVC firm will invest in the AI and robotics space.

Dreame Technology, a Chinese maker of smart cleaning appliances, has set up its corporate venture capital (CVC) arm, starting with two venture funds to invest up to 11 billion yuan ($1.54 billion) in the artificial intelligence (AI) and robotics space. The CVC firm, known as Empyrean Venture, is in the market raising capital for its… Continue reading China’s Dreame sets up CVC arm, targets $1.54b for debut fundsThe CVC firm will invest in the AI and robotics space.

Zomato seeks to beef up brand portfolio with Paytm dealZomato plans to spin out the business into a new app called District in the next few weeks.

Indian food delivery platform Zomato’s acquisition of Paytm’s entertainment ticketing business for Rs 2,048 crore ($244 million) will strengthen its ‘going out’ segment while enabling Paytm to concentrate on its core financial services, experts feel. Go to Source