Canada’s Brookfield Asset Management, one of the world’s largest alternative investment managers, has set its eyes on residential properties in China’s Tier-I cities, even as many investors stay clear of the country’s beleaguered realty sector. Brookfield believes there are opportunities to lap up assets from distressed developers who are scrambling to raise cash, Stuart Mercier,… Continue reading Brookfield looks to lap up distressed multifamily assets in top Chinese cities
Author: Deal Street Asia Online News
Two more Chinese property developers to raise funds via discounted share sales
CIFI Holdings on Tuesday became the latest Chinese property developer to raise funds by selling new shares at discounted prices, while Agile Group announced its second such capital raising since November. After a raft of government measures supported their share prices, a number of developers including heavyweights like Country Garden have since November turned to… Continue reading Two more Chinese property developers to raise funds via discounted share sales
US lawmakers to ban TikTok on government-owned devices
US lawmakers will include a proposal to bar federal government employees from using Chinese app TikTok on government-owned devices in a key spending bill, sources told Reuters on Monday. The Senate last week voted on a bill sponsored by Republican Senator Josh Hawley to bar federal employees from using the ByteDance-owned short video app on… Continue reading US lawmakers to ban TikTok on government-owned devices
RM Group snaps $10m and 37 other Greater China deals worth $358m
RM Group, also known as Ranmai Technology, the creator of China’s top virtual influencer AYAYI, has snapped $10 million in a Series A round led by BAI Capital. The firm said in statement published via BAI Capital on WeChat that it will focus on artificial intelligence, augmented reality, Virtual Reality, and so on to upgrade… Continue reading RM Group snaps $10m and 37 other Greater China deals worth $358m
China’s deep tech sector logs reasonable valuation amid global bear market, says Hermitage Capital’s Henry ZhangChina’s reopening will be a major cata…
With investors shying away from China’s dotcom and consumer internet industry, deep tech-focused private equity firm Hermitage Capital believes the overall valuation in the sector has remained relatively stable in the bear market. Due to the relatively high entry barrier, the deep tech sector does not see a lot of competition from other financial investors,… Continue reading China’s deep tech sector logs reasonable valuation amid global bear market, says Hermitage Capital’s Henry ZhangChina’s reopening will be a major cata…
Philippines watchdog investigates selloff in the shares of telcom firm PLDTPLDT is partly owned by Japan’s NTT DoCoMo Inc and Hong Kong’s First Pacifi…
The Philippines’ securities regulator has begun investigating a selloff in the shares of PLDT Inc before the company’s disclosure of budget overruns, the watchdog said on Monday. Shares in PLDT slid by 19.4% on Monday, their largest single-day decline, to extend a 4.2% decline on Friday and wipe nearly 62 billion Philippine pesos ($1.12 billion)… Continue reading Philippines watchdog investigates selloff in the shares of telcom firm PLDTPLDT is partly owned by Japan’s NTT DoCoMo Inc and Hong Kong’s First Pacifi…
Indonesian streaming platform Vidio plays on ad-subscription balance in path to profitability
Emtek Group’s media streaming platform Vidio has scored a perfect goal even before Lionel Messi’s Argentina took home the trophy in one of the most enthralling World Cup finals ever. Known formally as PT Vidio Dot Com, the platform recently doubled its paid subscriber base to more than 5 million as of December 13, 2022,… Continue reading Indonesian streaming platform Vidio plays on ad-subscription balance in path to profitability
Canadian investment manager Northleaf Capital seeks to widen APAC investor base
Canadian alternative investment manager Northleaf Capital Partners seeks to grow its APAC investor base, as institutions in this region are scouting opportunities to diversify their investment portfolio. APAC clients currently still make up a small portion of the $21-billion firm’s overall capital, at a single-digit percentage, according to Jeff Pentland, a founding partner of Northleaf… Continue reading Canadian investment manager Northleaf Capital seeks to widen APAC investor base
Indonesia’s Radius quits quick commerce, rebrands as Bakool in pivot to group buying
Radius, a quick commerce startup focused on Indonesia’s second to third-tier cities, has become the latest to leave the sector due to heavy costs, DealStreetAsia learnt from sources familiar with the matter. Earlier, Bananas and Dropezy had closed their quick commerce operations after failing to find unit economics that worked for the companies. The withdrawal… Continue reading Indonesia’s Radius quits quick commerce, rebrands as Bakool in pivot to group buying
Corporate filings show that Binance.com’s books are a black box: investigation
The world’s biggest crypto exchange, Binance, is battling to shore up confidence after a surge in customer withdrawals and a steep drop in the value of its digital token. The exchange said it dealt with net outflows of around $6 billion over 72 hours last week “without breaking stride” because its finances are solid and… Continue reading Corporate filings show that Binance.com’s books are a black box: investigation