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Author: Deal Street Asia Online News
Indonesian carbon-offset startup eyes trading in Singapore, Tokyo
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IFC considers $250m loan for Thai petrochem firm Indorama Ventures Global
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Chinese cybersecurity firm Chaitin Tech paves way for future IPO with $140m fundraiseThe capital injection will lead to the carve out of Chaitin from …
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Korean cyber security startup CHEQUER sets sights on SE Asia after raising strategic roundThe company has raised $27.82m so far.
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Indonesia’s Grab-backed wealth tech Bareksa eyes super app status with new products
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Embattled GameStop surges after fetching $933m from stock sale
GameStop made nearly $933.4 million by selling 45 million shares, the struggling videogame retailer said on Friday, sending its shares up more than 12% after the bell. The company largely relies on brick-and-mortar stores and has been grappling with customers turning to e-commerce firms for buying video games and collectibles. It had disclosed its share sale plan earlier this month amid a retail buying… Continue reading Embattled GameStop surges after fetching $933m from stock sale
Saudi PIF said to be shuffling management amid budget crunchThe fund has a sprawling portfolio of investments ranging from date farms to multinational…
Saudi Arabia’s $925 billion sovereign wealth fund is weighing a reorganization that could see managers assume some internal responsibilities from governor Yasir Al-Rumayyan, people familiar with the matter told Reuters. The Public Investment Fund (PIF) aims to sharpen its focus on investments that have a higher chance of success, said the people, after scaling back some of its flagship “giga-projects” due to rising costs.… Continue reading Saudi PIF said to be shuffling management amid budget crunchThe fund has a sprawling portfolio of investments ranging from date farms to multinational…
Google to buy $350m stake in India’s Flipkart, valuing e-commerce firm at $37b
Alphabet’s Google will pick up a minority stake worth $350 million in Walmart-backed Flipkart, valuing the Indian e-commerce firm at $37 billion, a source with direct knowledge of the matter told Reuters. Google and Flipkart were not immediately available to confirm the value of the investment. The tech giant will join in as an investor in the latest funding round for the Bengaluru-based company, Flipkart said in a statement. The round will be led… Continue reading Google to buy $350m stake in India’s Flipkart, valuing e-commerce firm at $37b
India: Jio Financial eyes $4.33b deal with Reliance Retail
Jio Financial Services (JFS) is seeking shareholder approval for its unit to acquire equipment worth 360 billion rupees ($4.33 billion) from the retail arm of Reliance Industries as the financial services provider plans to enter the device leasing business, a postal ballot notice said. Under the proposed deal, the JFS unit called Jio Leasing Services will buy telecom equipment and devices that usually include routers and cell phones.… Continue reading India: Jio Financial eyes $4.33b deal with Reliance Retail