Blackstone is in advanced talks to acquire Retail Opportunity Investments Corp, which owns U.S. shopping centers and has a market value of $3.4 billion including debt, according to people familiar with the matter. If the talks are successful, a deal could be finalized in the coming weeks, the sources said, requesting anonymity as the matter… Continue reading Blackstone in advanced talks to acquire US shopping centre owner Retail OpportunityIf the talks are successful, a deal could be finalised in the comin…
Author: Deal Street Asia Online News
Malaysia expects its ‘remarkable’ IPO boom to continue in 2025Reaching 50 listings would mark the largest for the country since 2005.
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Taiwanese insurers Taiwan Life, Fubon Life commit $39.4m to two fundsTaiwan Life committed $30 million to Global Infrastructure Partners V-C.
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Chinese AI unicorn Zhipu holds first close of $211m ecosystem fundZ Fund invests in upstream and downstream innovations and emerging use cases of LLMs…
Beijing-based Zhipu AI, one of China’s fastest-rising large language model (LLM) startups, recently held the first close of a venture capital (VC) fund which targets to raise a total of 1.5 billion yuan ($210.6 million) to invest in early-stage LLM startups. Go to Source
PIF-backed ewpartners injects $50m into Lenovo Group’s LeshinesThis is the first investment from ewpartners’s $1b, second growth-stage fund.
Riyadh-based ewpartners, which counts Chinese internet giant Alibaba Group and Saudi Arabia’s sovereign wealth fund Public Investment Fund (PIF) as investors, has pumped $50 million into Leshines, the supply chain solutions provider of Lenovo Group, according to a company announcement on Thursday. Go to Source
EIKTO raises $56m to power more electric forklifts, shipsHefei Industry Investment Group, Kaisheng Group backed the Chinese battery maker.
China’s Anhui EIKTO Battery, which develops industrial lithium-ion batteries, has secured 400 million yuan ($56.1 million) in a new funding round to strengthen its market position as a provider of electric forklifts and new energy ships. This fundraising attracted the participation of state capital investors including Hefei Industry Investment Group and Kaisheng Group, both headquartered… Continue reading EIKTO raises $56m to power more electric forklifts, shipsHefei Industry Investment Group, Kaisheng Group backed the Chinese battery maker.
Qatar’s QIA leads $300m funding in electric planemaker Beta TechnologiesFidelity and TPG participated alongside Beta’s longtime customer United Therap…
Electric aerospace company Beta Technologies said on Thursday it had raised more than $300 million in equity capital to support the continued production of its all-electric fixed-wing and eVTOL aircraft that can take off and land vertically. The investment was led by Qatar Investment Authority (QIA), Qatar’s sovereign wealth fund, and saw the participation of other investors including… Continue reading Qatar’s QIA leads $300m funding in electric planemaker Beta TechnologiesFidelity and TPG participated alongside Beta’s longtime customer United Therap…
Singapore AI startup BuzzAR raises $1.16m and other SE Asia dealsIt will use the fresh funds to expand its presence in the MENA region.
BuzzAR, a Singapore-based mixed reality and AI company, has announced raising $1.16 million in funding from HSBC New Economy Fund, HSBC’s vehicle that focuses on tech-led businesses. Founded in 2018 by Bell Beh and Ken Lim, BuzzAR said it will use the fresh funds to expand its presence in the Middle East and North Africa… Continue reading Singapore AI startup BuzzAR raises $1.16m and other SE Asia dealsIt will use the fresh funds to expand its presence in the MENA region.
Saudi Arabia’s Hassana eyes investment in Brookfield Middle East fundThe fund will target buyouts, structured solutions and other investment opportuni…
Hassana, the investment arm of Saudi Arabia’s main pension fund, is looking into becoming an anchor investor in Brookfield‘s new $2 billion Middle East fund, it said in a statement on Thursday. That would see Hassana joining the kingdom’s sovereign wealth fund, the Public Investment Fund, which said on Wednesday it was backing the new fund, Brookfield Middle East Partners, which will target half its investments in Saudi Arabia. PIF’s undisclosed anchor investment was a non-binding agreement. Hassana could allocate up to… Continue reading Saudi Arabia’s Hassana eyes investment in Brookfield Middle East fundThe fund will target buyouts, structured solutions and other investment opportuni…
Vietnamese tech major VNG posts positive adjusted operating profit in 9M 2024It reported an adjusted operating profit of $16.7m, compared with a $4.8m…
Vietnamese tech major VNG announced financial results for the first nine months of 2024 (9M 2024), showcasing growth across its business segments. The company’s net revenue reached 6.9 trillion dong ($273 million) in 9M 2024. It reported an adjusted operating profit of 424 billion dong ($16.7 million) in the nine-month period, marking a turnaround from… Continue reading Vietnamese tech major VNG posts positive adjusted operating profit in 9M 2024It reported an adjusted operating profit of $16.7m, compared with a $4.8m…