XR glasses maker VITURE has raised $10 million in a Series A round, while metasurface optics maker Metalenz has bagged $30 million in a Series B funding round led by Neotribe Ventures. XR glasses maker VITURE bags $10m Series A Extended reality (XR) firm VITURE has raised over $10 million in a Series A funding… Continue reading China Digest: XR glasses maker VITURE bags $10m; Metalenz raises $30mBaidu Ventures participated in Metalenz’s fundraising.
Author: Deal Street Asia Online News
HK bourse weighs looser IPO rules for tech companies amid Q3 profit slump
Hong Kong’s bourse operator said there were signs of new momentum in the initial public offering market as it posted a 30% drop in third-quarter profit on Wednesday, beating analyst expectations for a steeper fall. Hong Kong Exchanges and Clearing Ltd (HKEX) also said it had launched a two-month consultation to make it easier for… Continue reading HK bourse weighs looser IPO rules for tech companies amid Q3 profit slump
Asia Digest: BigPay adds 3 new services; Wise to double SG headcount
Fintech company BigPay is adding three new services to its Major Payment Institution Licence, while global payments firm Wise is optimistic about raising its headcount in Singapore to 400. BigPay adds three new financial services in Singapore BigPay, the fintech unit of Malaysia’s Capital A, is adding three new services to its Major Payment Institution… Continue reading Asia Digest: BigPay adds 3 new services; Wise to double SG headcount
S.Korean chat app Kakao’s co-CEO steps down after widespread outage
Kakao Corp’s co-CEO Namkoong Whon has stepped down, the company said on Wednesday, after an outage that shut down South Korea’s largest mobile chat app and other services, triggering widespread backlash from authorities and the public. The resignation, effective Wednesday, leaves co-CEO Hong Euntaek as the sole CEO. The company apologised for the outage that… Continue reading S.Korean chat app Kakao’s co-CEO steps down after widespread outage
Vietnam’s BNPL startup Fundiin bags $5m in Series A round
Fundiin, one of the first movers in Vietnam’s buy now pay later (BNPL) sector, has raised $5 million in a Series A funding round co-led by Trihill Capital and ThinkZone Ventures, according to an announcement. Other investors participating in the round included 1982 Ventures, Genesia Ventures, JAFCO Asia, Zone Startups Ventures, and Do Thu Ngan, former… Continue reading Vietnam’s BNPL startup Fundiin bags $5m in Series A round
Blibli banks on Indonesia resilience as upcoming IPO launches in tough marketBliBli is looking to raise $530m, compared with Bukalapak’s $1.5b and GoT…
It may not the best of times for a stock market listing, but many analysts expect Indonesia’s BliBli to pull off a successful initial public offering (IPO) next month. PT Global Digital Niaga Tbk — the entity that owns e-commerce player Blibli, Indonesian online travel agency Tiket.com, and supermarket chain Ranch Market — announced on… Continue reading Blibli banks on Indonesia resilience as upcoming IPO launches in tough marketBliBli is looking to raise $530m, compared with Bukalapak’s $1.5b and GoT…
UAE sovereign wealth fund ADIA to launch new data research centre
The Abu Dhabi Investment Authority (ADIA), the largest sovereign wealth fund in the United Arab Emirates (UAE), plans to open an advanced data research centre, an independent entity within the fund with goals not solely linked to investment applications. ADIA Lab will formally launch on Dec. 2 and is part of moves across the government to promote digitalisation and advanced technological applications. It will be headed by Horst Simon as director,… Continue reading UAE sovereign wealth fund ADIA to launch new data research centre
Credit Suisse working with RBC, Morgan Stanley on capital increase
Credit Suisse Group AG is working with banks including Royal Bank of Canada (RBC) and Morgan Stanley on a potential capital increase, should it need to shore up its balance sheet and raise funds for its restructuring, Bloomberg News reported on Tuesday, citing people familiar with the matter. A capital increase through a possible share sale, under the name Project Ghana, could come after the bank’s formal restructuring… Continue reading Credit Suisse working with RBC, Morgan Stanley on capital increase
Swedish private equity firm EQT lines up near-record deals in Japan
Sweden-based private equity firm EQT has a near-record number of Japanese deals in the pipeline despite market turbulence, executives said, helped by the country’s relatively stable financing environment and a flow of corporate shake-ups. EQT’s robust deal-making activity in Japan puts the world’s third-biggest economy in the private equity limelight at a time when higher… Continue reading Swedish private equity firm EQT lines up near-record deals in Japan
Chinese energy storage startup Hithium raises $278m in Series B roundThe proceeds will be used for equipment procurement, and investment in R&D, among…
Hithium has raised over 2 billion yuan ($277.9 million) in a Series B round of financing led by ABC International, the investment banking unit of the Agricultural Bank of China (ABC), as the Chinese energy storage startup gears up to expand its production capacity. Matrix Partners China, new energy-focused Fenghe Capital, Dayone Capital, Shanghai-listed metal… Continue reading Chinese energy storage startup Hithium raises $278m in Series B roundThe proceeds will be used for equipment procurement, and investment in R&D, among…