Author: Deal Street Asia Online News

Spot work startup Timee’s shares soar 30% in Tokyo debutTimee connects workers seeking side gigs with labour-strapped businesses.

Shares in startup Timee, which operates a platform connecting workers seeking side gigs with labour-strapped businesses, rose roughly 30% on Friday in their Tokyo stock market debut. The shares opened at 1,850 yen, valuing the company at around $1.1 billion. Timee’s app helps users to work shifts lasting as little as one hour at restaurants,… Continue reading Spot work startup Timee’s shares soar 30% in Tokyo debutTimee connects workers seeking side gigs with labour-strapped businesses.

Indonesia launches ‘Golden Visa’ programme to lure foreign investors

Indonesia launched a long-term visa scheme on Thursday intended to attract foreign investors, President Joko Widodo said, with amounts of up to $10 million giving them a 10-year visa and access to Southeast Asia’s largest economy. The five-year “Golden Visa” requires individual investors to set up a company worth $2.5 million, while a 10-year visa… Continue reading Indonesia launches ‘Golden Visa’ programme to lure foreign investors

Chinese generative AI major Baichuan Intelligence snags over $691m in Series A roundBaichuan entered the unicorn club just six months after its incept…

Chinese generative artificial intelligence (AI) startup Baichuan Intelligent Technology has raised 5 billion yuan ($691.4 million) in a Series A funding round, as the firm expands the use cases of its large language models (LLMs) amid intense domestic competition.  The Series A round roped in Chinese internet juggernauts including the likes of Alibaba Group, Tencent… Continue reading Chinese generative AI major Baichuan Intelligence snags over $691m in Series A roundBaichuan entered the unicorn club just six months after its incept…

Indosat’s potential sale of submarine cable and fibre assets may attract local biddersThe Indonesian telco is looking to raise $1.5-2b from the sale.

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HK-listed real estate manager ESR completes acquisition of LOGOS

Hong Kong-listed real estate group ESR announced that it is acquiring the remaining 13.6% interest in LOGOS, one of the region’s top logistics property groups, held by LOGOS founders. The acquisition of the remaining shares will complete ESR’s acquisition of LOGOS, originally set for January 2025, per the announcement. With the integration, LOGOS co-founder and… Continue reading HK-listed real estate manager ESR completes acquisition of LOGOS

Mankind Pharma to buy Bharat Serums from PE firm Advent International for $1.6bDeal paves way for Mankind to expand into the women’s health and fertil…

Indian drugmaker Mankind Pharma Ltd on Thursday said it has signed a deal to buy Bharat Serums & Vaccines Ltd (BSV), from private equity firm Advent International for Rs 13,630 crores ($1.63 billion). The deal will help Mankind expand into the Indian women’s health and fertility drug market besides giving it access to other high-entry… Continue reading Mankind Pharma to buy Bharat Serums from PE firm Advent International for $1.6bDeal paves way for Mankind to expand into the women’s health and fertil…

Indonesia’s Volta plans to roll out EV scooters in more SE Asian markets

PT Energy Selalu Baru (ESB), the Indonesian electric vehicle (EV) maker behind the two-wheeler brand Volta, plans to expand its business to Malaysia, Thailand, and Vietnam, a senior executive said. ESB is a subsidiary of the Indonesia Stock Exchange-listed PT NFC Indonesia Tbk (NFCX), part of MCASH Group. “We believe with our experience, we can… Continue reading Indonesia’s Volta plans to roll out EV scooters in more SE Asian markets