Nomura Holdings’ global wealth management business is opening a branch in Dubai as it expands into the fast-growing Middle-East hub to cater to an affluent pool of clients. Nomura said in a statement on Tuesday it had received in-principle approvals from the Monetary Authority of Singapore and Dubai Financial Services Authority to establish its new… Continue reading Nomura opens global wealth management office in Dubai
Author: Deal Street Asia Online News
Qatar Investment Authority leads US cybersecurity startup Snyk’s Series G round
US-based cybersecurity startup Snyk Ltd said on Monday it had raised $196.5 million in Series G funding, led by Qatar Investment Authority, which is at a lower valuation of $7.4 billion. The development comes after Snyk earlier this year had tapped banks including Morgan Stanley and Goldman Sachs Group Inc for an initial public offering (IPO)… Continue reading Qatar Investment Authority leads US cybersecurity startup Snyk’s Series G round
Apple’s investment in Japan crosses $100b, CEO Cook visits chip epicentre
Apple Inc said on Tuesday it had invested more than $100 billion in its Japanese supply network over the last five years, as its Chief Executive Officer Tim Cook visited the epicentre of the country’s semiconductor industry. Cook said in a Monday tweet he visited Kumamoto prefecture in southwestern Japan, home to factories of many… Continue reading Apple’s investment in Japan crosses $100b, CEO Cook visits chip epicentre
SG Digest: Goldman backs Goodpack; Spenmo layoffs; Vipshop expansionGoldman Sachs AM has announced a structured investment in SG-based metal container…
Goldman Sachs Asset Management is investing in reusable metal container firm Goodpack while Chinese e-commerce firm Vipshop is looking to enter SE Asia. Separately, Singapore-based payable software startup Spenmo has reportedly conducted a new round of layoffs. Goldman Sachs Asset Management invests in Goodpack Goldman Sachs Asset Management has announced a structured investment in Singapore-based… Continue reading SG Digest: Goldman backs Goodpack; Spenmo layoffs; Vipshop expansionGoldman Sachs AM has announced a structured investment in SG-based metal container…
PE investors see delayed exit as PropertyGuru struggles on the bourse
TPG Capital and KKR were slated to make one of the biggest private equity (PE) exits in Southeast Asia after Singapore-based real estate platform PropertyGuru’s much-hyped listing on the NYSE. But it might not be going according to plan. With PropertyGuru’s market cap tumbling to $870 million from $1.61 billion on listing in March this… Continue reading PE investors see delayed exit as PropertyGuru struggles on the bourse
Monetisation remains big challenge for Indonesia’s warung tech startups
Rising inflation and fuel prices are weighing down heavily on Indonesia’s warung tech startups, companies that empower micro retailers and small kiosks, as they struggle to offset the pressures of unfavourable macroeconomic conditions. A number of companies in the warung tech space, seen as a favourite sector for venture capital investors, have undertaken major layoff… Continue reading Monetisation remains big challenge for Indonesia’s warung tech startups
Geely electric car brand Zeekr a seeks over $1b in US IPO
Zeekr, one of Chinese automaker Geely’s upmarket electric car brands, has confidentially filed for a U.S. initial public offering, aiming to raise more than $1 billion, three sources with direct knowledge of the matter told Reuters. In what would be the first major Chinese float in the United States in more than a year and… Continue reading Geely electric car brand Zeekr a seeks over $1b in US IPO
Indonesia’s Shipper cuts 8% staff citing uncertain economic conditionShipper joins a string of Indonesian and SE Asian startups that have cut down sta…
Indonesian warehouse and logistics player Shipper has laid off 65 employees or 8% of its workforce in anticipation of uncertain macroeconomic conditions in 2023, the company said in a statement on Monday. Shipper co-founder and CEO Phil Opamuratawongse called the decision “extremely difficult” but “necessary” to help the company become more agile and accelerate sustainable… Continue reading Indonesia’s Shipper cuts 8% staff citing uncertain economic conditionShipper joins a string of Indonesian and SE Asian startups that have cut down sta…
ID Digest: Tolaram subscribes to Bank Amar’s rights issue; UBS upgrades GoTo stock
Singapore’s Tolaram Group and members of the top management of Bank Amar have subscribed to the IDX-listed digital lender’s rights issue. Meanwhile, UBS has upgraded its view on GoTo’s shares from sell to buy with a target price of 160 rupiah apiece. Tolaram subscribes to Bank Amar’s rights issue Bank Amar’s majority shareholder Tolaram Group and… Continue reading ID Digest: Tolaram subscribes to Bank Amar’s rights issue; UBS upgrades GoTo stock
Asia Digest: BPEA EQT exits $1b deal with PI Advanced Materials; Bespin Global bags $60m from e& EnterpriseBPEA scrapped the deal due to concerns abou…
Asian private equity firm BPEA EQT has dropped its $1-billion acquisition of South Korean plastic film producer PI Advanced Materials, while South Korean cloud management firm Bespin Global has secured $60 million from the UAE-based IT services firm e& Enterprise. BPEA EQT could face a lawsuit BPEA EQT, formerly known as Baring Private Equity Asia,… Continue reading Asia Digest: BPEA EQT exits $1b deal with PI Advanced Materials; Bespin Global bags $60m from e& EnterpriseBPEA scrapped the deal due to concerns abou…