XA Network, a Singapore-based investment network founded by former Google employees, has expanded to Africa with the launch of XA Africa, which will connect tech founders with seasoned investors. In a statement, the firm said XA Africa will provide not just capital but also guidance and support needed to scale African tech startups. XA Africa… Continue reading Singapore investor XA Network expands into AfricaXA Africa has already invested in four African startups.
Author: Deal Street Asia Online News
Australia’s TPG Telecom to sell fibre, fixed assets to Vocus for $3.54bTPG Telecom expects the deal to deliver net cash proceeds between A$4.65b and A…
TPG Telecom will sell its fibre and fixed network infrastructure assets including broadband provider Vision Network to Macquarie and pension fund Aware Super-owned telecommunications group Vocus for A$5.25 billion ($3.54 billion). Under the deal, Vocus will acquire TPG’s enterprise, government and wholesale (EG&W) fixed business and fibre network assets while the Australian telecom operator on… Continue reading Australia’s TPG Telecom to sell fibre, fixed assets to Vocus for $3.54bTPG Telecom expects the deal to deliver net cash proceeds between A$4.65b and A…
Professor-turned-founders seen leading China’s race to build OpenAI challengerThree newly-minted AI-generated content unicorns count at least one foun…
As China strives to build an OpenAI challenger, prestigious universities are increasingly seen as the cradles for such research-heavy deep tech ventures with professor-turned-entrepreneurs leading many of the country’s fastest-rising artificial intelligence-generated content (AIGC) unicorns. Go to Source
Bain to make new binding offer for Japan’s Fuji Soft, 7% higher than KKR’sKKR said its offer was superior and in the best interest of Fuji Soft.
US buyout fund Bain Capital made a binding offer to buy Fuji Soft for 9,450 yen a share in a deal that values the Japanese software developer at $4 billion and outbids rival KKR by about 7%. Bain said in a statement on Friday it planned to launch the offer late this month if it can get Fuji… Continue reading Bain to make new binding offer for Japan’s Fuji Soft, 7% higher than KKR’sKKR said its offer was superior and in the best interest of Fuji Soft.
Chinese carmaker GAC to invest a combined $105m in Pony.ai, ChenzhiPony.ai is preparing for an IPO in the US.
Chinese state-owned carmaker Guangzhou Automobile Group (GAC) is investing a combined $104.8 million in the country’s IPO-bound autonomous driving startup Pony.ai and auto parts manufacturer Chenzhi Technology. GAC’s board of directors agreed to invest up to 550 million yuan ($77.8 million) in Chenzhi Technology for a 30% stake in the company, which specialises in the… Continue reading Chinese carmaker GAC to invest a combined $105m in Pony.ai, ChenzhiPony.ai is preparing for an IPO in the US.
India’s 2024 IPO boom explained in chartsThe BSE and NSE hosted 30% of all global IPOs this year.
The unbridled optimism in Indian equities this year has triggered a wave of initial public offerings (IPOs), providing company promoters as well as private equity and venture capital investors a window of opportunity to cash out through public market sales. In the fourth quarter, too, the momentum shows no sign of slowing, with billion-dollar debuts… Continue reading India’s 2024 IPO boom explained in chartsThe BSE and NSE hosted 30% of all global IPOs this year.
BlackRock, GIC to invest in Hyundai Motor India’s $3.3b IPO: ReportBaillie Gifford and FMR are also looking to participate in the IPO.
BlackRock Inc., Singaporean sovereign wealth fund GIC Pte and Capital Group are among investors that have bid to buy Hyundai Motor India Ltd shares in its $3.3 billion initial public offering next week, Bloomberg reported on Friday, citing people familiar with the matter. The report added that Baillie Gifford and FMR are also looking to… Continue reading BlackRock, GIC to invest in Hyundai Motor India’s $3.3b IPO: ReportBaillie Gifford and FMR are also looking to participate in the IPO.
Japan payments company Infcurion planning IPO in 2025Infcurion recently secured backing from Sumitomo Mitsui Financial Group.
Japanese payments company Infcurion is planning an initial public offering in Tokyo in 2025 as the company looks to accelerate its growth including through mergers and acquisitions, its executives told Reuters. Last month Infcurion said it secured backing from Sumitomo Mitsui Financial Group. The roughly 8 billion yen ($53.8 million) investment gives the company a… Continue reading Japan payments company Infcurion planning IPO in 2025Infcurion recently secured backing from Sumitomo Mitsui Financial Group.
Oman’s sovereign wealth fund commits to funds of ewpartners, IDG CapitalOman Future Fund has launched ewpartners-Oman Fund and the IDG Oman Investment…
The Oman Future Fund, a 2 billion Omani rials ($5.2 billion) investment fund run by the Oman Investment Authority, has partnered with IDG Capital, and ewpartners to set up funds to backroll strategic industries and advance the local economy of the Gulf state. The Oman Future Fund made its first batch of investment projects in… Continue reading Oman’s sovereign wealth fund commits to funds of ewpartners, IDG CapitalOman Future Fund has launched ewpartners-Oman Fund and the IDG Oman Investment…
TikTok cuts several jobs, including in Malaysia, in shift towards AI content moderationThe employees were involved in the firm’s content moderation op…
Social media platform TikTok is laying off hundreds of employees from its global workforce, including a large number of staff in Malaysia, the company said on Friday, as it shifts focus towards a greater use of AI in content moderation. Two sources familiar with the matter earlier told Reuters that more than 700 jobs were… Continue reading TikTok cuts several jobs, including in Malaysia, in shift towards AI content moderationThe employees were involved in the firm’s content moderation op…