Chinese venture capital firm Xiang He Capital has hit the market to raise its third USD-denominated fund, its filing with the US Securities and Exchange Commission (SEC) showed. The filing for Xiang He Fund III comes about three years after the firm, established in 2016 by former Baidu investment executives Hesong Tang and Maggie Yang,… Continue reading Chinese VC Xiang He Capital in the market to raise third USD fund …
Author: Deal Street Asia Online News
Sony, Honda Motor sign JV to sell electric cars by 2025
Japan’s Sony and Honda Motor on Thursday officially agreed to an equally owned joint venture that will start selling electric cars in 2025. Honda, like bigger rival Toyota Motor, has been slower to shift to electric vehicles (EV) than global automakers and is under pressure from investors to make cars that are carbon-free and equipped with newer technology such as self-driving features. The car maker, which only offers… Continue reading Sony, Honda Motor sign JV to sell electric cars by 2025
US crypto-lending firms to see tighter regulation after Celsius troubles …
Liquidity troubles at crypto lending platform Celsius Network, which have left its 1.7 million customers unable to redeem their assets, will increase US regulatory pressure on the sector, which was already on the defensive amid other crises this year. The industry has been battling scrutiny over concerns that digital assets are being used to evade… Continue reading US crypto-lending firms to see tighter regulation after Celsius troubles …
Chinese CPU maker Loongson eyes $357m in downsized STAR Market IPO
Chinese CPU maker Loongson Technology Co. Ltd. completed online subscription for its public share sale, moving a step closer to a planned debut on Shanghai’s STAR Market. Loongson aims to raise 2.42 billion yuan ($357 million) through the initial public offering, down from previously announced 3.5 billion yuan. Chairman Hu Weiwu said the downsized offering reflects multiple… Continue reading Chinese CPU maker Loongson eyes $357m in downsized STAR Market IPO
Zilingo board said to discuss exit options, including liquidation, on Monday
Zilingo, the Singapore-based fashion B2B marketplace embroiled in a bitter tussle between lead investor Sequoia Capital and former CEO Ankiti Bose, is set to discuss its exit options on Monday. Several sources told DealStreetAsia that various parties will be presenting their proposals, which range from a management buyout to complete liquidation. Different parties are displaying… Continue reading Zilingo board said to discuss exit options, including liquidation, on Monday
Thailand bourse approves aCommerce IPO, company to offer 35% in share sale
Indonesian investors may keep the faith in crypto assets despite recent crash
Nadiya, a 32-year-old executive at a tech firm in Jakarta has been investing in crypto assets since 2021, with an eye on “long-term returns”. Earlier this week, when the value of bitcoin dived to its lowest level since December 2020, she lost nine-digit figures (in rupiah). While Nadiya was disappointed by the loss, being a long-term… Continue reading Indonesian investors may keep the faith in crypto assets despite recent crash
Indian D2C brands aggregator G.O.A.T raises $50m in Series A funding …
Tiger Global-backed direct-to-consumer (D2C) brands aggregator G.O.A.T Brand Labs has raised $50 million as part of its Series A1 funding round from a clutch of new and existing investors, per an announcement. The new investors in the round include Winter Capital, 9Unicorns, Venture Catalysts, Vivriti Capital and Oxyzo, the company said in a statement. Founded in… Continue reading Indian D2C brands aggregator G.O.A.T raises $50m in Series A funding …
Asia Digest: Gaw Capital completes Vietnam deal; Far East Orchard forms $32m JV
Gaw Capital Partners and Far East Orchard have announced new real estate transactions. Gaw Capital completes acquisition in Vietnam Real estate private equity firm Gaw Capital Partners has completed the acquisition of greenfield land located in Saigon Hi-Tech Park, a business park in Ho Chi Minh City, Vietnam. The land will be developed into a… Continue reading Asia Digest: Gaw Capital completes Vietnam deal; Far East Orchard forms $32m JV
Meta raises $15m and 20 more deal updates from Greater China worth $289m
Chinese drug discovery startup Meta Pharmaceuticals has raised a combined $15 million from its seed and Series pre-A rounds of financing to develop innovative therapeutics for patients suffering from autoimmune diseases. The startup’s two incubators — Forcefield Ventures and XtalPi Inc, a China-US artificial intelligence (AI) drug discovery company — invested in the rounds alongside… Continue reading Meta raises $15m and 20 more deal updates from Greater China worth $289m