Author: Deal Street Asia Online News

China’s big data analytics firm Wenge snaps up $69m in Series E roundThe round was led by state-owned investment firms.

China’s big data analytics firm Wenge Group, known as Zhongke Wenge, has bagged over 500 million yuan ($69 million) in a Series E round led by state-owned investment firms including National Manufacturing Transformation and Upgrading Fund, CCTV Media Industry Investment Fund, and Zhongguancun Science City.   Return backers Infotech ventures, Hengbang Capital, and the Chinese Academy… Continue reading China’s big data analytics firm Wenge snaps up $69m in Series E roundThe round was led by state-owned investment firms.

Indian PE firm Gaja Capital set to close fourth fund at $400m soon

India-focused mid-market private equity (PE) firm Gaja Capital has raised as much as $202 million as it gears up to make the final closing of its fourth fund, per a new filing with the US Securities and Exchange Commission (SEC). While the total amount sold to US investors is $7 million, the amount sold to… Continue reading Indian PE firm Gaja Capital set to close fourth fund at $400m soon

Dutch payments giant Adyen to push further into Asia

Amsterdam-based payment company Adyen aims to expand its footprint in Asia, with plans to increase its headcount — from software engineers to salespeople — as well as to acquire the necessary financial licenses, according to Chief Operating Officer Kamran Zaki, as the company seeks to diversify its revenue in the world’s fastest-growing region. “Over the… Continue reading Dutch payments giant Adyen to push further into Asia

Nasdaq halts IPOs of small Chinese companies as it probes stock rallies

Nasdaq Inc has put the brakes on initial public offering (IPO) preparations of at least four small Chinese companies while it investigates short-lived stock rallies of such firms following their debuts, according to lawyers and bankers who work on such stock launches. The stock exchange operator’s actions come amid a surge in the shares of Chinese… Continue reading Nasdaq halts IPOs of small Chinese companies as it probes stock rallies

Saudi Arabia launches bid to attract $10b in supply chain investment

Saudi Arabia’s crown prince on Sunday launched an initiative to attract investments in supply chains to and from the kingdom, with an aim of raising an initial 40 billion riyals ($10.64 billion). The initiative by Prince Mohammed bin Salman will include allocating about 10 billion riyals in incentives for supply chain investors, state news agency SPA… Continue reading Saudi Arabia launches bid to attract $10b in supply chain investment

Indonesia’s Klinik Pintar eyes partnership model to set up 100 digitised clinicsIt will not be an equity round but more of a JV with several investors…

Klinik Pintar, a Golden Gate Ventures-backed healthtech company, is looking at a unique partnership model to build 100 new clinics across the archipelago as part of its efforts to turn profitable and become Indonesia’s biggest primary-care player, a top executive said. The startup believes that despite the need to bring technology into the healthcare system,… Continue reading Indonesia’s Klinik Pintar eyes partnership model to set up 100 digitised clinicsIt will not be an equity round but more of a JV with several investors…

Orix Corp ready to invest $2b in consortium to buy out Toshiba: NikkeiThe consortium is led by PE firm Japan Industrial Partners.

Orix Corp has decided it could invest about 300 billion yen ($2 billion) in a consortium to buy out Japanese industrial conglomerate Toshiba Corp, the Nikkei Business magazine reported on its website on Friday. A consortium led by private equity firm Japan Industrial Partners (JIP) has been granted preferred bidder status by Toshiba in a second… Continue reading Orix Corp ready to invest $2b in consortium to buy out Toshiba: NikkeiThe consortium is led by PE firm Japan Industrial Partners.

Tencent-backed online broker Futu plans to venture into new Asian markets

One of China’s most prominent online brokers plans to venture into “one or two” new markets in Asia within the next 12 months, in a concerted international push amid regulatory uncertainty at home, as Beijing cracks down on internet platform companies. The Shenzhen- and Hong Kong-headquartered Futu Holdings, backed by Chinese technology giant Tencent, is… Continue reading Tencent-backed online broker Futu plans to venture into new Asian markets

KKR invests $300m in Indian seeds company AdvantaKKR will acquire a 13.33% stake in Advanta, a subsidiary of UPL Ltd.

Global investment firm KKR on Friday announced that it has signed definitive agreements with UPL Limited to invest $300 million for a 13.33% stake in the latter’s subsidiary Advanta Enterprises Limited, which is engaged in the research and manufacturing of agricultural seeds. According to a report in Moneycontrol on Friday, UPL’s another arm, UPL sustainable… Continue reading KKR invests $300m in Indian seeds company AdvantaKKR will acquire a 13.33% stake in Advanta, a subsidiary of UPL Ltd.