Thai retailer CJ Express Group Co is looking at a possible initial public offering (IPO) in Bangkok to raise $500-800 million, according to a Bloomberg report. Sources interviewed in the report said the Thai supermarket company is working with advisers on an IPO that could take place as soon as next year. The size and… Continue reading Thai retailer CJ Express mulls up to $800m IPO in Bangkok, per report
Author: Deal Street Asia Online News
APAC family offices eye increased PE, VC investments: ReportNearly 83% of APAC family offices are investing in private equity.
A majority of family offices in the Asia Pacific (APAC) are looking at increasing their exposure to private assets such as private equity and venture capital, according to The Asia Pacific Family Office Report 2022 by Hong Kong-based Raffles Family Office and Campden Wealth. As these investors seek new investment opportunities to offset the impact… Continue reading APAC family offices eye increased PE, VC investments: ReportNearly 83% of APAC family offices are investing in private equity.
FTX founder Sam Bankman-Fried says he ‘didn’t ever try to commit fraud’
Sam Bankman–Fried, the founder and former CEO of now-bankrupt crypto exchange FTX, attempted to distance himself from suggestions of fraud in his first public appearance since his company’s collapse stunned investors and left creditors facing losses totaling billions of dollars. Speaking via video link at the New York Times’ Dealbook Summit with Andrew Ross Sorkin on Wednesday, Bankman–Fried said he did not… Continue reading FTX founder Sam Bankman-Fried says he ‘didn’t ever try to commit fraud’
OpenSpace likely to lead Indonesian auto-financing startup Broom’s new funding round
Indonesian auto-financing startup Broom is finalising a new funding round of $6-8 million, led by Singapore-based venture capital firm OpenSpace Ventures with an investment of up to $4 million, DealStreetAsia has learnt. A number of existing investors are also participating in the new round, according to three persons aware of the development. Go to Source
responsAbility invests in Aye Finance and India deals worth $129m
Fintech lender Aye Finance Thursday announced that it has raised $10 million in the form of external commercial borrowings (ECBs) from Zurich-based responsAbility Investments AG. Aye plans to use the proceeds to offer business loans to microenterprises to support their growth, it said in a statement. “We are currently witnessing a surge in credit applications… Continue reading responsAbility invests in Aye Finance and India deals worth $129m
Great Wall Motor’s hydrogen fuel cell arm raises nearly $79m in Series B roundThe startup aims to build a global R&D system and step up its manufactur…
FTXT Energy Technology, a Chinese developer of hydrogen fuel cell technology, has closed 555 million yuan ($78.6 million) in a Series B round of financing as its parent group raises its stakes in the country’s eco-friendly vehicle market. Shanghai-headquartered FTXT, an affiliate of China’s Great Wall Motor, raised the new capital from lead investor CNBM… Continue reading Great Wall Motor’s hydrogen fuel cell arm raises nearly $79m in Series B roundThe startup aims to build a global R&D system and step up its manufactur…
Taiwan’s Gogoro teams up with Ayala, Globe unit to tap PH market
Taiwanese electric vehicle firm Gogoro has teamed up with Globe Telecom’s 917Ventures and conglomerate Ayala Corporation to bring its smart scooter and battery-swapping technology in the Philippines. Gogoro, which got listed in New York through a merger with a special purpose acquisition company Poema Global in April, will pilot its services in the capital Manila… Continue reading Taiwan’s Gogoro teams up with Ayala, Globe unit to tap PH market
Temasek unit picks up stake in Zomato after Alibaba pares holding
Temasek Holdings has bought a 1.14% stake in India’s Zomato, a day after Alipay Singapore Holding Pte offloaded 3.07% of its shares in the food delivery startup, according to data from the National Stock Exchange. Camas Investments Pte Ltd, an arm of Singapore’s state-owned fund Temasek Holdings, bought 98 million shares of Zomato on Wednesday… Continue reading Temasek unit picks up stake in Zomato after Alibaba pares holding
China Digest: PhiGent Robotics snaps funds; Swiss crypto bank SEBA opens HK office; HK-listed Brainhole Tech plans to buy $3m crypto
Beijing-based autonomous driving solutions provider PhiGent Robotics notches funds, while Swiss crypto bank SEBA Bank opens an office in Hong Kong. Also, Hong Kong-listed Brainhole Tech plans to acquire over $3 million worth of crypto in open market. Xiang He leads PhiGent’s Series A+ round Beijing-based autonomous driving solutions provider PhiGent Robotics has snapped “several… Continue reading China Digest: PhiGent Robotics snaps funds; Swiss crypto bank SEBA opens HK office; HK-listed Brainhole Tech plans to buy $3m crypto
US bans new Huawei, ZTE telecom equipment, citing national security riskThe move represents Washington’s latest crackdown on Chinese tech giants.
The Biden administration has banned approvals of new telecommunications equipment from China’s Huawei Technologies and ZTE because they pose “an unacceptable risk” to US national security. The US Federal Communications Commission said on Friday it had adopted the final rules, which also effectively bar the sale or import of new equipment made by Chinese surveillance… Continue reading US bans new Huawei, ZTE telecom equipment, citing national security riskThe move represents Washington’s latest crackdown on Chinese tech giants.