Citigroup Inc plans to hire around 3,000 new staff for its Asia institutional business in the next few years, sharpening its focus in a fast-growing region where it has exited consumer banking in most markets, its Asia Pacific chief executive said. The previously unreported staff expansion plans underline Citi’s ambition to make institutional banking and wealth… Continue reading Citigroup to hire 3,000 employees in Asia institutional banking push
Author: Deal Street Asia Online News
SG-based Envision Digital scores $210m in round backed by Sequoia, GIC
Envision Digital, a Singapore-headquartered AI and Internet technologies software provider, has announced raising $210 million in a Series A funding round anchored by Sequoia China and backed by GIC. The firm, which is a part of Chinese renewable energy-focused Envision Group, said in a statement on Tuesday that the fresh capital will help it accelerate… Continue reading SG-based Envision Digital scores $210m in round backed by Sequoia, GIC
J&T Express buys Malaysia land for $136m to build integrated logistics centre
J&T Express has acquired a 30-acre plot of land in Bandar Rimbayu, Selangor, Malaysia, where it will build an integrated logistics centre to serve the growing needs of the Malaysian market. According to a statement, the global express logistics company invested $136 million (600 million RM) in the project, which will help it meet the… Continue reading J&T Express buys Malaysia land for $136m to build integrated logistics centre
Bain Capital closes second APAC special situations fund at over $2b
Private investment firm Bain Capital has closed its second Asia Pacific (APAC) special situations fund at over $2 billion, surpassing the original target of $1.5 billion. Bain Capital Special Situations Asia Fund II (SSAII) is the largest dedicated special situations fund in the APAC region, the firm said in a statement. Its 2017-vintage first vehicle… Continue reading Bain Capital closes second APAC special situations fund at over $2b
Data Vantage: Ant Group pumps capital in SG digital banking unit and other updates
Fintech giant Ant Group announced the soft launch of its digital wholesale bank, ANEXT Bank, in Singapore on Monday. The unit will provide financial services to local and regional micro, small and medium enterprises (MSMEs), especially those engaged in cross-border operations. According to regulatory filings in Singapore, ANEXT Bank received S$100 million ($73.13 million) last… Continue reading Data Vantage: Ant Group pumps capital in SG digital banking unit and other updates
Indonesian startup VIDA secures funding and other SE Asia deals …
VIDA, an Indonesia-based digital identity provider, announced raising an undisclosed amount in its Series A funding round backed by regional and global investors. The official announcement confirms DealStreetAsia’s report in May that the company raised new Series A capital. Go to Source
In Indonesia, crisis gives birth to a new bunch of tech mafia …
As Southeast Asia’s largest economy, Indonesia has seen the birth of more than 10 unicorns over the past decade. It is home to some of the biggest tech startups such as GoTo, Bukalapak and Traveloka. Founded between 2009 and 2012, these companies have produced dozens of so-called “tech mafia,” a term used for former executives… Continue reading In Indonesia, crisis gives birth to a new bunch of tech mafia …
Philippine meat supplier North Star defers IPO on inflation, market concerns
Philippine firm North Star Meat Merchants Inc is deferring up to 4.5 billion pesos ($85 million) initial public offering because of increased market volatility and concerns about inflation, the firm said on Tuesday. The decision is the latest among a series of uncertainty-driven listing postponements in Asia, as financial markets reel from elevated inflation and… Continue reading Philippine meat supplier North Star defers IPO on inflation, market concerns
Indonesian content network USS raises funds from SALT Ventures, others
Jakarta-based content network company USS Networks has raised an undisclosed pre-Series A round of funding led by Indonesian early-stage venture capital firm SALT Ventures, a senior executive told DealStreetAsia. The funding comes amid growing interest in digital media and intellectual property space. Go to Source
SE Asian PE major Northstar seeks over $100m for first VC fund
Southeast Asian private equity major Northstar Group, which has backed the likes of GoTo, Tiki and Bank Jago, is seeking to raise over $100 million for a new vehicle targeting smaller ticket-sized deals, DealStreetAsia has learnt. The fund, which is most likely to be called Northstar Ventures, will invest between $1 million and $10 million… Continue reading SE Asian PE major Northstar seeks over $100m for first VC fund