Author: Deal Street Asia Online News

Women still constitute less than 20% of SE Asia’s VC decision-makersSE Asia’s performance is on par with US, where about 18% of VC decision-makers are…

About 17.9% of investment decision-makers at Southeast Asia-headquartered venture investors are women, finds the latest report from DealStreetAsia – DATA VANTAGE. According to the 2024 edition of the Women in Southeast Asia’s VC Ecosystem report, the proportion of female investment decision-makers has remained relatively stagnant since 2023 (17.4%). The report examined over 330 active venture investors—venture… Continue reading Women still constitute less than 20% of SE Asia’s VC decision-makersSE Asia’s performance is on par with US, where about 18% of VC decision-makers are…

Chinese courier delivery firm BingEx eyes US IPO at $1.2b valuationThe company is looking to raise up to $68m at the top of its targeted range.

Chinese courier delivery firm BingEx is aiming for a valuation of $1.21 billion in its US listing, banking on recovering investor appetite for new stocks and easing of regulatory roadblocks. The company, which brands its services as FlashEx, is looking to sell 4 million American depositary shares (ADS) in the initial public offering, priced between… Continue reading Chinese courier delivery firm BingEx eyes US IPO at $1.2b valuationThe company is looking to raise up to $68m at the top of its targeted range.

Swiggy files for $1.25b IPO in India’s booming stock marketThe Bengaluru-based startup is targeting a valuation of $15 billion through the offering

SoftBank-backed Swiggy filed papers on Thursday for an initial public offering, which a source said would be worth $1.25 billion, as the food delivery firm looks to tap a booming stock market in one of India’s biggest listings this year. Swiggy is selling shares worth 37.5 billion rupees ($448.56 million), while existing shareholders including Prosus,… Continue reading Swiggy files for $1.25b IPO in India’s booming stock marketThe Bengaluru-based startup is targeting a valuation of $15 billion through the offering

Chinese silicon carbide chip maker AscenPower pockets over $142m fundingThe Series A round was co-led by Yuecai Fund and SDIC Venture Capital.

AscenPower, also known as Guangdong Xinyueneng Semiconductor, has snapped 1 billion yuan ($142.4 million) in a Series A funding round co-led by Yuecai Fund, the largest policy-driven state-owned investment platform in China’s Guangdong province.  SDIC Venture Capital, the investment management company founded by the state-owned State Development and Investment Corporation (SDIC), also led the funding… Continue reading Chinese silicon carbide chip maker AscenPower pockets over $142m fundingThe Series A round was co-led by Yuecai Fund and SDIC Venture Capital.

HK’s New World Development suspends trading as CEO to be replacedCEO and Executive Vice Chairman Cheng is set to become non-executive vice chairman.

Hong Kong’s New World Development suspended trading of its shares on Thursday pending an announcement, after reports that CEO Adrian Cheng – the third-generation scion of the firm’s founding family – will be reassigned to a non-executive role. The property developer is due to publish earnings for the year through June at 0830 GMT having flagged its first annual loss in two decades of as much… Continue reading HK’s New World Development suspends trading as CEO to be replacedCEO and Executive Vice Chairman Cheng is set to become non-executive vice chairman.

KKR-led consortium to acquire majority stake in Queensland AirportsThe consortium acquired the stake from Macquarie Asset fund, State Super, and Austr…

A consortium led by private equity giant KKR and Australian private investment firm Skip Capital, through its Skip Essential Infrastructure Fund, has agreed to acquire a 74.25% controlling stake in Queensland Airports, according to a statement on Thursday. The consortium acquired the stake from current owners, The Infrastructure Fund, managed by Macquarie Asset Management, State… Continue reading KKR-led consortium to acquire majority stake in Queensland AirportsThe consortium acquired the stake from Macquarie Asset fund, State Super, and Austr…

MBK, Young Poong raise tender offer to $1.7b for Korea Zinc sharesYoung Poong is already Korea Zinc’s largest shareholder, with a 25.4% stake as of en…

Private equity firm MBK Partners and Young Poong raised their tender offer price for shares in top non-ferrous metal smelter Korea Zinc to 750,000 won per share, up from 660,000 won initially, they said in a regulatory filing. The move makes the tender offer now worth as much as 2.3 trillion won ($1.7 billion), according… Continue reading MBK, Young Poong raise tender offer to $1.7b for Korea Zinc sharesYoung Poong is already Korea Zinc’s largest shareholder, with a 25.4% stake as of en…