Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya said on Sunday the central bank will conduct a survey annually of financial institutions and companies, seeking ways to nurture the country’s growing climate finance market. An initial survey in August showed “strong demand” in Japan for “green” bonds and other environmental, social and governance (ESG) debt instruments, Amamiya said. Some respondents said they faced challenges in obtaining… Continue reading BOJ to conduct survey on climate finance annually to nurture ESG market
Author: Deal Street Asia Online News
Binance CEO Changpeng Zhao says don’t fight crypto, regulate it
Binance Chief Executive Officer Changpeng Zhao said on Friday regulation rather than opposition of the crypto sector is a better option for world governments as digital currencies become more mainstream. Regulation of crypto currencies has come into sharp focus following the collapse of several platforms, culminating in the crash of the FTX currency exchange earlier this month. “I think most governments now… Continue reading Binance CEO Changpeng Zhao says don’t fight crypto, regulate it
India: Angel network Kyt Ventures planning to launch $12-18m VC fund in a yearThe fund is looking to invest in 25-30 Indian startups over 18-24 months…
India-focused angel network Kyt Ventures is in the process of launching a venture capital (VC) fund with a corpus of $12-18 million (Rs 100-150 crore) within a year, a source familiar with the matter told DealStreetAsia. The fund is looking to invest in 25-30 Indian startups and deploy funds over 18-24 months, the source said.… Continue reading India: Angel network Kyt Ventures planning to launch $12-18m VC fund in a yearThe fund is looking to invest in 25-30 Indian startups over 18-24 months…
US bans Huawei, ZTE equipment sales citing national security riskThe move represents Washington’s latest crackdown on the 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 U.S. national security. The U.S. Federal Communications Commission said on Friday it had adopted the final rules, which also bar the sale or import of equipment made by China’s surveillance equipment maker Dahua Technology… Continue reading US bans Huawei, ZTE equipment sales citing national security riskThe move represents Washington’s latest crackdown on the Chinese tech giants.
S Korea’s Hyundai Motor, SK On to build $1.9b JV battery plant in USHyundai Motor and SK On are expected to sign an MoU on the investment next week.
South Korea’s Hyundai Motor Co and SK On plan to invest about 2.5 trillion won ($1.88 billion) to build a new joint venture battery factory in the United States, the Korea Economic Newspaper reported on Friday. Hyundai Motor and SK On, the battery unit of energy group SK Innovation Co Ltd. are expected to sign… Continue reading S Korea’s Hyundai Motor, SK On to build $1.9b JV battery plant in USHyundai Motor and SK On are expected to sign an MoU on the investment next week.
Thai Airways elevates CFO to new chief executive amid restructuring plan
Thai Airways International PCL said on Friday that Chai Eamsiri would become the company’s chief executive officer from Feb. 1, as it proceeds with a pandemic-driven restructuring plan. Chai, currently the firm’s chief financial officer, was chosen for the top job from 53 internal and external candidates, the company said in a statement. “The appointment is a… Continue reading Thai Airways elevates CFO to new chief executive amid restructuring plan
Hong Kong’s Xanpool notches $41m to increase global footprint
Xanpool, a cross-border payments infrastructure firm, has secured $41 million in a funding round led by London-based Target Global, a pan-European VC firm with over 3 billion euro ($3.1 billion) of assets under management. Xanpool plans to leverage the proceeds to ramp up its expansion plans across Europe, the Middle-East, North Africa, and Latin America.… Continue reading Hong Kong’s Xanpool notches $41m to increase global footprint
Chinese chip industry player DJEL raises $140m in fresh fundingDJEL intends to use the net proceeds in new product R&D.
China’s Dongfang Jingyuan Electron Limited (DJEL), which offers solutions to enable chip manufacturing, has secured nearly 1 billion yuan ($139.6 million) in equity financing as the firm leaves behind an IP dispute with Dutch lithography giant ASML just months earlier. In a statement late Thursday, Beijing-headquartered DJEL said that it raised the investment from existing… Continue reading Chinese chip industry player DJEL raises $140m in fresh fundingDJEL intends to use the net proceeds in new product R&D.
HealthKart raises over $65m funding from Temasek, A91 Partners
Indian healthcare platform HealthKart, owned by Tata 1mg, has raised over $65 million in a Series H funding round from Temasek Holdings and A91 Partners, according to a regulatory filing with the Registrar of Companies (RoC). Entrackr first reported the development. The round comes more than three years after HealthKart raised $25 million in a… Continue reading HealthKart raises over $65m funding from Temasek, A91 Partners
Rakuten Capital invests in SG Web3 startup DEA and other SE Asia deals
Rakuten Capital, the investment arm of Japanese giant Rakuten Group, has made a minority investment in Digital Entertainment Asset (DEA), a Singapore-based global Web3 entertainment startup, according to an announcement. Financial details of the investment were not disclosed but it was part of the collaborative deal between DEA and Rakuten Group. DEA also partnered with… Continue reading Rakuten Capital invests in SG Web3 startup DEA and other SE Asia deals