Author: Deal Street Asia Online News

China courier group S.F. Holding plans to raise up to $793m in HK listingThe courier group is regarded as China’s answer to FedEx and DHL.

China’s largest express delivery company S.F. Holding said on Tuesday it plans to raise up to HK$6.17 billion ($792.71 million) in a Hong Kong listing, the latest sign of a revival in the city’s capital markets. The Shenzhen-listed company will issue 170 million shares in a price range of to HK$36.30 per share, according to… Continue reading China courier group S.F. Holding plans to raise up to $793m in HK listingThe courier group is regarded as China’s answer to FedEx and DHL.

Seafund pushes Fund II’s close to 2025 amid LP cautionThe Indian VC was looking to close the vehicle by end-2024.

India’s deep tech-focused, early-stage venture capital firm Seafund, which is in the market raising its Rs 250 crore ($30 million) second fund, has pushed its expected closure to mid-2025, citing Indian elections, high inflation, and good returns from the public markets, which is prompting limited partners (LPs) to adopt a “wait-and-watch” approach. Go to Source

DOJ to ask judge to force Google to sell off Chrome: reportThe Biden administration is trying to curb what it alleges are Big Tech monopolies.

The US Department of Justice will ask a judge to force Alphabet’s Google to sell off its Chrome internet browser, Bloomberg News reported on Monday, citing people familiar with the plans. The DOJ will also ask the judge, who ruled in August that Google illegally monopolized the search market, to require measures related to artificial… Continue reading DOJ to ask judge to force Google to sell off Chrome: reportThe Biden administration is trying to curb what it alleges are Big Tech monopolies.

OYO founder set to invest $65m in firm: reportThe investment will increase OYO founder Agarwal’s shareholding in the entity to 32%.

An investment vehicle backed by Indian budget hotel chain OYO founder, Ritesh Agarwal, is set to invest another $65.1 million into the startup, at a valuation of $3.8 billion, according to media reports. The investment, through Redsprig Innovation Partners, will increase Agarwal’s shareholding in the entity to 32%, from 30% previously. The development comes about… Continue reading OYO founder set to invest $65m in firm: reportThe investment will increase OYO founder Agarwal’s shareholding in the entity to 32%.

Logistics tech startup Portcast raises $6.5m in Series A fundingThe round was led by Susquehanna Asia VC.

Singapore-headquartered transportation technology startup Portcast has announced raising $6.5 million in its Series A funding round anchored by Susquehanna Asia VC, the Southeast Asian and Indian venture capital arm of Susquehanna International Group of Companies. The startup said it will use the proceeds to invest in generative AI technology, which will allow it to provide global… Continue reading Logistics tech startup Portcast raises $6.5m in Series A fundingThe round was led by Susquehanna Asia VC.

Alibaba aims to raise $5b via dual currency bond deal: reportThe dollar tranche would consist of a 5.5-year, 10.5-year and 30-year dollar bond.

Chinese ecommerce giant Alibaba Group is aiming to raise $5 billion in multi-tranche dollar and offshore Chinese yuan bonds, according to two sources with direct knowledge of the matter. The company in a regulatory filing on Monday said it was considering carrying out the transaction. The dollar tranche would consist of a 5.5-year, 10.5-year and… Continue reading Alibaba aims to raise $5b via dual currency bond deal: reportThe dollar tranche would consist of a 5.5-year, 10.5-year and 30-year dollar bond.

Apollo ramps up APAC expansion with Seoul officeThe firm has appointed Jay Hyun Lee to drive fundraising, and team growth in S Korea.

US-based alternative asset manager Apollo has opened an office in Seoul to help execute and build on its growth plans in the market as part of its Asia Pacific expansion, according to a company announcement on Monday.  The firm has appointed Jay Hyun Lee as partner and head of Korea to help drive fundraising, institutional… Continue reading Apollo ramps up APAC expansion with Seoul officeThe firm has appointed Jay Hyun Lee to drive fundraising, and team growth in S Korea.