Global asset manager Blackstone said it has agreed to acquire a majority stake in Sony Payment Services from Sony Bank, a wholly-owned subsidiary of Japan’s Sony Group. This marks Blackstone’s first investment in the financial technology sector in Japan, the firm said in a statement. Financial details of the transaction were not disclosed. Sony Bank… Continue reading Blackstone to buy majority stake in Japan-based Sony Payment Services
Author: Deal Street Asia Online News
Viewpoint: 2023 was a year of challenges and learnings for India’s startup ecosystem
Sumangal Vinjamuri is AVP, Investments; and Sanjay Nath is Partner, Investments at Blume Ventures, an early-stage Indian venture capital firm. The year 2023 has been one of dichotomies for the Indian startup ecosystem. GlobalData reports that between Jan-Oct 2023, 920 deals were announced totalling $6.3 billion in funding in the Indian startup ecosystem. Contrast this… Continue reading Viewpoint: 2023 was a year of challenges and learnings for India’s startup ecosystem
TDK Ventures, BII lead $12m funding in Fasal and India deals worth $160m
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Tesla launches megapack battery project in ShanghaiThe project is capable of producing 10,000 megapacks per annum.
Tesla on Friday launched its new megapack battery manufacturing project in Shanghai, according to Chinese state media. A signing ceremony for land acquisition of the project, capable of producing 10,000 megapacks per annum, was held on Friday morning in Shanghai, the official Xinhua News Agency reported. Reuters Go to Source
Singapore’s ComfortDelGro to acquire Australian taxi operator A2B for $123m
SGX-listed transportation firm ComfortDelGro Corporation has offered to acquire A2B Australia Limited, a listed taxi network and payments solutions provider, for A$182 million (about $123 million), according to a filing with the Singapore bourse. ComfortDelGro Corporation Australia, a wholly-owned subsidiary of ComfortDelGro, has agreed to acquire all the shares of A2B it does not already… Continue reading Singapore’s ComfortDelGro to acquire Australian taxi operator A2B for $123m
Sumitomo Life to buy TPG’s 35% stake in SG insurer Singlife at $3.5b valuation
Japan’s Sumitomo Life Insurance Company (Sumitomo Life) has agreed to acquire all shares in Singapore insurer Singlife held by private equity giant TPG, according to an announcement. Singlife said Sumitomo Life will also make an offer to buy the shares of all other remaining shareholders, giving the Japanese insurer 100% ownership of Singlife if the… Continue reading Sumitomo Life to buy TPG’s 35% stake in SG insurer Singlife at $3.5b valuation
Tencent, NetEase plunge as China issues rules to curb players’ spending on online games
Chinese regulators announced on Friday a wide range of rules aimed at curbing spending and rewards that encourage video games, dealing a blow to the world’s biggest games market, which returned to growth this year. The new rules will effectively set spending limits for online games. Online games will now be banned from giving players… Continue reading Tencent, NetEase plunge as China issues rules to curb players’ spending on online games
BPEA EQT to acquire majority stake in Indian digital engineering firm Indium SoftwareIndium co-founder Ram Sukumar will continue to lead the firm as i…
BPEA EQT, the Asian private equity (PE) arm of Swedish investment firm EQT, is acquiring a majority stake in Indium Software, a digital engineering company based in India, for an undisclosed amount, confirming DealStreetAsia’s report in October. In a statement, EQT said the acquisition will be carried out through BPEA EQT Mid-Market Growth Fund, which… Continue reading BPEA EQT to acquire majority stake in Indian digital engineering firm Indium SoftwareIndium co-founder Ram Sukumar will continue to lead the firm as i…
Despite slowdown, Inflection Point Ventures kept the deal meter ticking in 2023IPV, which made 55 strategic investments in 2023, plans to back 50 comp…
Despite a difficult year for startup investments, early-stage investment platform Inflection Point Ventures (IPV) kept the deal momentum going in 2023 by making strategic investments in 55 startups, largely across the healthcare, fintech, and SaaS sectors in India. The number of investments is, however, down 50% from 2022. Go to Source
VC deal activity in Indonesia to pick up but investors will maintain cautious approach
Startup fundraising in SE Asia’s top market – Indonesia – witnessed a conspicuous dip in venture capital investments in 2023, a year that saw tech firms realign their strategies and implement drastic cost-cutting measures to extend their runaway. Go to Source