Hong Kong-based artificial intelligence (AI) drug discovery firm Insilico Medicine has raised $60 million in a Series D round of financing, less than one year after the completion of its previous Warburg Pincus-led investment at $255 million. Insilico raised the fresh capital from a mix of new investors, including an unspecified asset management firm on… Continue reading HK-based Insilico closes $60m & 33 more deal updates from Greater China worth $1.6b …
Author: Deal Street Asia Online News
Gojek CEO Kevin Aluwi to step back from his role, to join GoTo board of commissioners …
In a major management change, Gojek co-founder and CEO and GoTo director Kevin Aluwi is stepping down from his executive position to join GoTo’s board of commissioners. GoTo Group chief executive officer Andre Soelistyo will take over Aluwi’s responsibilities once the shareholders approve the changes at the company’s annual general meeting on June 28, per… Continue reading Gojek CEO Kevin Aluwi to step back from his role, to join GoTo board of commissioners …
How crypto firm Binance became a hub for hackers, fraudsters, drug traffickers
In September 2020, a North Korean hacking group known as Lazarus broke into a small Slovakian crypto exchange and stole virtual currency worth some $5.4 million. It was one of a string of cyber heists by Lazarus that Washington said were aimed at funding North Korea’s nuclear weapons programme. Several hours later, the hackers opened at least two dozen anonymous accounts… Continue reading How crypto firm Binance became a hub for hackers, fraudsters, drug traffickers
Indonesia, Islamic Development Bank sign $150m loan for toll road project
Indonesia and the Islamic Development Bank have signed a $150 million loan to finance a toll road project on Java island, the Indonesian finance ministry said in a statement on Monday. The highway, which will be built from central Yogyakarta province to the eastern city of Malang, will cost an estimated total of $450 million. The ministry said it has also obtained funding separately from the Asian Development Bank for… Continue reading Indonesia, Islamic Development Bank sign $150m loan for toll road project
China Three Gorges acquires Spanish solar capacity for $214.52m
China‘s state-owned China Three Gorges has agreed to buy a portfolio of photovoltaic power assets in Spain worth about 200 million euros ($214.52 million), Spanish newspaper Expansion reported on Monday, citing unidentified market sources. The Chinese utility has agreed to buy photovoltaic projects from Nexwell Group, a fund with renewable power assets around the world, with capacity of 619 megawatts (MW), the newspaper… Continue reading China Three Gorges acquires Spanish solar capacity for $214.52m
Japan’s Toshiba directors exchange criticism over public statements
External directors at Toshiba Corp exchanged criticism on Monday over statements on board decisions, signalling a public rift as the embattled conglomerate reviews strategic options including going private. In an annual business report released on Monday, Toshiba external directors Mariko Watahiki and Katsunori Hashimoto, both members of Toshiba‘s three-member audit committee, were quoted as saying that external director Raymond Zage raised concern about Toshiba‘s governance by breaking ranks with the board’s official stance… Continue reading Japan’s Toshiba directors exchange criticism over public statements
Temasek commits $3.6b to new decarbonisation investment platform GenZero …
Singapore state investor Temasek has announced the launch of GenZero, a wholly-owned investment platform company dedicated to accelerating decarbonisation globally. According to an announcement, Temasek has committed an initial amount of S$5 billion ($3.6 billion) to establish GenZero. There is an urgent need to accelerate decarbonisation across all sectors to avoid irreversible damage to the… Continue reading Temasek commits $3.6b to new decarbonisation investment platform GenZero …
Vantage Point: BliBli’s potential IPO is an interesting proxy for middle-class Indonesia
This weekly newsletter highlights top developments and trends across Southeast Asia’s digital economy and ecosystem, without losing sight of the solid links between the online and offline worlds. Executive Summary Printed by Unregistered user on Mon, 06 Jun 2022 07:57:11 GMT Go to Source
SG logistics firm Janio raises $14m led by Vertex Growth Fund …
Singapore-based logistics firm Janio has raised $14 million in a Series A extension round led by Vertex Growth Fund, according to regulatory filings. Vertex Growth Fund contributed $10 million while Vertex Southeast Asia and India [Vertex IV] invested $2 million in the round, according to Janio’s filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA),… Continue reading SG logistics firm Janio raises $14m led by Vertex Growth Fund …
Ant Group’s digital wholesale lender ANEXT Bank soft launches in Singapore …
The Singapore-incorporated digital wholesale lender ANEXT Bank, a wholly-owned subsidiary of the fintech giant Ant Group, announced its soft launch on Monday. The digital bank, which had received the Monetary Authority of Singapore’s (MAS) nod to commence operations on June 2, will provide financial services to local and regional MSMEs, especially those engaged in cross-border… Continue reading Ant Group’s digital wholesale lender ANEXT Bank soft launches in Singapore …