SoftBank Group Corp said it would receive shares in telco T-Mobile US worth some $7.59 billion at no additional cost, driving the Japanese conglomerate’s shares up 5%. Masayoshi Son’s conglomerate said late on Tuesday it had told T-Mobile US to issue 48.75 million shares in common stock to it after conditions set out in an… Continue reading SoftBank lands $7.6b T-Mobile stake bounty, shares surge
Author: Deal Street Asia Online News
GLP Capital Partners closes 2023 with $420m China Income Fund
GLP Capital Partners (GCP), the investment and asset management arm of Asian warehouse giant GLP, has closed yet another RMB-denominated China income fund just before the end of the year. The China Income Fund XI (CIF XI) was closed at 3 billion yuan (about $420 million). This comes just weeks after GCP showcased its China Income… Continue reading GLP Capital Partners closes 2023 with $420m China Income Fund
AstraZeneca to buy China’s Gracell Biotechnologies in $1.2b deal
AstraZeneca said on Tuesday it will buy Gracell Biotechnologies for up to $1.2 billion as the Anglo-Swedish pharma company furthers its cell therapy ambitions and boosts its presence in China, the world’s second-largest pharmaceuticals market. The cash deal, which adds several experimental therapies to AstraZeneca‘s portfolio, values Gracell at $2 per ordinary share, or $10 per ADS of Gracell, plus a non-tradable contingent value right of $0.30… Continue reading AstraZeneca to buy China’s Gracell Biotechnologies in $1.2b deal
China EVs log early success in global forays, but brace for a challenging 2024China’s NEV export volume doubled in first 10 months of 2023.
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As the planet heats up, investors warm up to climate tech
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Early-stage startups felt the chill in 2023, but the funding winter may soon blow over
On the face of it, 2023 was annus horribilis for early-stage dealmaking in Southeast Asia. Small-sized deals in the pre-seed to Series A stages, which had stayed relatively resilient amid the funding winter in 2022, also started to feel the chill this year. Go to Source
Listicle: India’s PE firms may be drawn to these new sectors over next 5-10 years
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Ola Electric files to raise $662m in India IPO next yearThe listing will be the first by a two-wheeler maker in India since the IPO of Bajaj Auto in 2…
SoftBank Group-backed Indian e-scooter maker Ola Electric on Friday filed to raise at least 55 billion rupees ($661.9 million) in an initial public offering (IPO) that is tipped to be one of the country’s biggest share sales next year. The offering, which is the first by an EV maker in the country, will include an issue of… Continue reading Ola Electric files to raise $662m in India IPO next yearThe listing will be the first by a two-wheeler maker in India since the IPO of Bajaj Auto in 2…
Toshiba sees power chips as immediate growth driver in life after delistingToshiba plans to spend $176m to more than double power chip production.
Toshiba Corp sees power management chips as an immediate profit driver on the back of surging electric vehicle (EV) demand, its chief executive said on Friday, as the Japanese industrial conglomerate was taken private. “We want to expand (production) capacity for power chips as quickly as possible,” Chief Executive Taro Shimada told a press conference… Continue reading Toshiba sees power chips as immediate growth driver in life after delistingToshiba plans to spend $176m to more than double power chip production.
SG’s Whampoa Group teams up with Korea’s Wemade to launch $100m Web3 fund
Whampoa Digital, the digital assets investment arm of Singapore-based multifamily office Whampoa Group, has teamed up with South Korean gaming firm Wemade to “collaborate” on a $100 million Web3 fund. The Wemade Web3 Fund plans to tap gaming projects in the Middle East region. It will be established by Wemade, while Whampoa Digital will serve… Continue reading SG’s Whampoa Group teams up with Korea’s Wemade to launch $100m Web3 fund