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
Author: Deal Street Asia Online News
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.
Asia Digest: GoPizza secures $45m; Australian startups Vald and Morse Micro raise funding
South Korea-based pizza startup GoPizza closed its Series C funding round at $45 million, while Australian sports tech company Vald and semiconductor maker Morse Micro pocketed $25 million and $30 million, respectively. CJ Investment leads GoPizza’s Series C round South-Korea based pizza brand GoPizza has closed its Series C funding round at $45 million, according… Continue reading Asia Digest: GoPizza secures $45m; Australian startups Vald and Morse Micro raise funding
Gaw Capital completes $540m acquisition of Blackstone’s Japan logistics portfolio
Gaw Capital Partners, a Hong Kong-based private equity real estate fund management firm, has completed a $540-million acquisition of seven fully-leased warehouses in Japan from Wall Street juggernaut Blackstone. Purchased through a fund under its management, Gaw’s first logistics portfolio in Japan has a combined net lettable area of 253,200 square metres spanning across the… Continue reading Gaw Capital completes $540m acquisition of Blackstone’s Japan logistics portfolio
India: Sofina, Temasek bet on DeHaat’s $60m Series E round
DeHaat, the technology-based platform offering end-to-end agricultural services to farmers in India, has raised $60 million in a new funding round co-led by Sofina Ventures and Temasek, per an announcement. The Series E round also saw participation from RTP Global Partners, Prosus Ventures, and Lightrock India, the startup said in a statement. This is DeHaat’s third… Continue reading India: Sofina, Temasek bet on DeHaat’s $60m Series E round
GoTo’s pre-IPO investors opt out of coordinated secondary offeringThe company’s shares have declined consistently for eight consecutive trading days.
The pre-IPO shareholders of Indonesia-listed technology group PT GoTo Gojek Tokopedia Tbk have decided not to pursue the plan for a coordinated secondary offering of shares after a lock-up period ends on Nov 30, the company said on Wednesday. GoTo did not explain further but the announcement may indicate a hesitancy on the investors’ part amid… Continue reading GoTo’s pre-IPO investors opt out of coordinated secondary offeringThe company’s shares have declined consistently for eight consecutive trading days.
Fubon Life commits $70m to Morgan Stanley’s fourth global infra fundFubon said its insurance unit is taking a 1.17% stake in North Haven Infrastructur…
Fubon Life Insurance, the insurance unit of Taiwanese financial conglomerate Fubon Financial Holdings, has agreed to commit $70 million to the latest global infrastructure fund of Morgan Stanley Infrastructure Partners (MSIP). In a disclosure, Fubon said its insurance unit is taking a 1.17% stake in North Haven Infrastructure Partners IV SCSp, the latest vehicle of… Continue reading Fubon Life commits $70m to Morgan Stanley’s fourth global infra fundFubon said its insurance unit is taking a 1.17% stake in North Haven Infrastructur…
Eni in preliminary talks to buy Neptune Energy for up to $6bNo official bid had been submitted.
Eni is in preliminary talks to buy private-equity backed gas and oil producer Neptune Energy for around $5-$6 billion, a source with knowledge of the matter said on Wednesday, adding that no official bid had been submitted. Eni did not immediately reply to a request for comment. Neptune declined to comment. Reuters Go to Source