Hanwha Life, a life insurer under the South Korean conglomerate Hanwha Group, said it has agreed to acquire a 75% stake in the parent company of US-based financial services firm Velocity Clearing. The management team of Velocity Clearing will retain the remaining minority stake, Hanwha Life said in a statement. Financial terms of the deal… Continue reading Korea’s Hanwha Life to acquire 75% of US financial firm Velocity ClearingThe management of Velocity will retain the remaining stake.
Author: Deal Street Asia Online News
Vietnamese behemoth Vingroup establishes $39m robotics company VinRoboticsVingroup holds a 51% ownership in the company.
Vietnamese behemoth Vingroup has established VinRobotics Research, Development and Application Company, with a charter capital of 1,000 billion dong ($39.3 million), according to an announcement. VinRobotics is set to boost production efficiency and streamline processes across various industries, services, and daily life. Vingroup holds a 51% ownership in the company, while billionaire Pham Nhat Vuong… Continue reading Vietnamese behemoth Vingroup establishes $39m robotics company VinRoboticsVingroup holds a 51% ownership in the company.
Chinese robotaxi firm Pony AI eyes up to $260m in upsized US IPOIt is targeting a valuation of up to $4.55b in its upsized offering
Chinese autonomous driving firm Pony AI said on Wednesday it was targeting a valuation of up to $4.55 billion in its upsized initial public offering in the United States. The company is now aiming to raise as much as $260 million in the IPO by offering 20 million American depositary shares (ADSs) priced between $11… Continue reading Chinese robotaxi firm Pony AI eyes up to $260m in upsized US IPOIt is targeting a valuation of up to $4.55b in its upsized offering
Investors in Asia see ‘true alpha’ returns amid market volatilityUnder-penetrated private assets are seen to be creating such returns in the region.
Private market investors in Asia are seeing investments with ‘true alpha’ returns — the excess return of an asset than its benchmark — despite the ongoing market volatility, according to some of the region’s top investors. “What we see in Asia, and what some investors are looking for in Asia, is what we call true… Continue reading Investors in Asia see ‘true alpha’ returns amid market volatilityUnder-penetrated private assets are seen to be creating such returns in the region.
PE Digest: Gaja Capital eyes IPO; TA Associates invests in Vee HealthtekGaja has reportedly roped in IIFL Capital to advise on the potential offering.
Domestic PE firm Gaja Capital is reportedly considering a market debut while TA Associates has invested in health tech firm Vee Healthtek. PE firm Gaja Capital eyes IPO Domestic private equity (PE) firm Gaja Capital is weighing a public market debut, which will make it the first standalone investor in the country to explore the… Continue reading PE Digest: Gaja Capital eyes IPO; TA Associates invests in Vee HealthtekGaja has reportedly roped in IIFL Capital to advise on the potential offering.
SG’s CapitaLand picks up GP stakes in SC Capital Partners for $214mThe real estate asset manager will acquire the remaining 60% stake in the SG-based …
Singapore’s CapitaLand Investment is purchasing a 40% stake in pan-Asia real estate fund SC Capital Partners for S$280 million ($214 million) to bolster its investment management capabilities. The real estate asset manager, part of Temasek-owned conglomerate CapitaLand Group, will acquire the remaining stake in the Singapore-based general partner in phases, according to an announcement on… Continue reading SG’s CapitaLand picks up GP stakes in SC Capital Partners for $214mThe real estate asset manager will acquire the remaining 60% stake in the SG-based …
SG logistics startup Locad raises $9m and other SE Asia dealsLocad’s pre-Series B round was co-anchored by Global Ventures and Reefknot Investments.
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China’s embodied AI startup Galbot pockets another $69m in strategic roundExisting shareholders including IDG Capital, MPC, and others also re-upped i…
Galbot, an embodied artificial intelligence (AI) startup in China, has pocketed another 500 million yuan ($69 million) in a strategic funding round, shortly after closing its angel round in June. The round roped in a consortium of investors including Hengxu Capital, which is affiliated with state-owned automobile maker SAIC Motor Corp; Hong Kong Investment Corporation… Continue reading China’s embodied AI startup Galbot pockets another $69m in strategic roundExisting shareholders including IDG Capital, MPC, and others also re-upped i…
SEA Digest: Oneteam raises seed round; Solarvest launches programme in VietnamOneteam’s funding round was led by Wavemaker Ventures.
Oneteam has raised $2.6 million in a seed funding round, while Malaysia-listed Solarvest Holdings Berhad has launched its Powervest solar financing programme in Vietnam. Singapore’s Oneteam raises $2.6m seed funding Oneteam, a Singapore-based startup that addresses pressing issues in the SME sector, has raised S$3.5 million ($2.6 million) in a seed funding round, according to… Continue reading SEA Digest: Oneteam raises seed round; Solarvest launches programme in VietnamOneteam’s funding round was led by Wavemaker Ventures.
Indonesian VC Ideosource winds down after over a decadeThe VC is in the process of selling its portfolio in the secondary market.
One of Indonesia’s oldest VCs, Ideosource, has announced that it will wind down operations as its only fund expired early this year. Most of its portfolio has been liquidated in the secondary market, and the team has ventured into other businesses. Go to Source