A leading entrepreneur in China who had questioned the wisdom of the country’s zero–COVID strategy was banned from posting on Weibo, with the social media platform accusing Trip.com co–founder James Liang of violating laws. Weibo, a platform similar to Twitter, did not specify which laws Liang had broken, and it was unclear when the ban took effect or what had triggered it. But on Tuesday, online users… Continue reading Weibo bans Trip.com co-founder who questioned China’s zero-COVID strategy
Author: Deal Street Asia Online News
Advent International raises $25b for 10th global PE fund
Private equity major Advent International announced that it has raised a total of $25 billion for its flagship fund, Advent International GPE X, after less than six month in the market. The fund, which reached its hard cap, is Advent’s largest ever fundraise and brings the firm’s total assets under management to over $100 billion.… Continue reading Advent International raises $25b for 10th global PE fund
Cathay Capital sets up $533m global health fund Cathay Health
Global investment firm Cathay Capital has set up Cathay Health, a 500-million-euro ($533.4 million) global fund dedicated to investing in the convergence of healthcare, life sciences, and technology. The new fund will focus on venture- to growth-stage companies across Europe, North America, and Asia whose “innovative tech-enabled products will catalyse groundbreaking advances in medicine,” Cathay… Continue reading Cathay Capital sets up $533m global health fund Cathay Health
Värde Partners to sell 31.7% stake in Greek mall owner for $116.3m
Global alternative investment firm Värde Partners, an active investor in the Asia-Pacific region, will sell a 31.7% stake in Lamda Malls to its majority shareholder Lamda Development for €109 million ($116.3 million), according to a statement on Tuesday. Lamda Malls owns two major shopping centres in Greece — the Golden Hall in Athens as well as… Continue reading Värde Partners to sell 31.7% stake in Greek mall owner for $116.3m
People Digest: Cradle CEO, Zilingo PR chief quit; LambdaTest appoints COO …
Malaysia’s early-stage investment firm Cradle has announced that Rafiza Ghazali will step down as CEO while Zilingo‘s global head for public relations and communications Naushaba Salahuddin has resigned from the company. Sequoia Capital India-backed browser testing startup LambdaTest has appointed Maneesh Sharma as COO. Cradle Fund CEO steps down Malaysia’s early-stage investment firm Cradle Fund… Continue reading People Digest: Cradle CEO, Zilingo PR chief quit; LambdaTest appoints COO …
Japan’s Toshiba to propose Elliott, Farallon executives join its board
Toshiba Corp plans to propose giving two of its major hedge fund shareholders seats on its board, people familiar with the matter said, a move that could give foreign investors more influence over the troubled Japanese conglomerate. Toshiba plans to nominate executives from Elliott Management and Farallon Capital Management for board seats ahead of its annual shareholder meeting in June, said the people, who declined to be identified because the matter has… Continue reading Japan’s Toshiba to propose Elliott, Farallon executives join its board
Greater China fundraising slows in Q1 2022 as PE-VC interest in megadeals wanes …
Startup financing in Greater China got off to a slow start in 2022 as geopolitical uncertainties and the COVID-induced economic slowdown resulted in volatile stock markets that made investors apprehensive about exits. Privately-held companies headquartered in Greater China — i.e., mainland China, Hong Kong, Macau, and Taiwan —raised a combined $12.3 billion from 363 deals… Continue reading Greater China fundraising slows in Q1 2022 as PE-VC interest in megadeals wanes …
SG’s ADDX raises $58m pre-Series B from Thailand’s SET, Krungsri Bank, others
Singapore-based private market exchange ADDX has raised $58 million in pre-Series B funding from the Stock Exchange of Thailand (SET), United Overseas Bank (UOB), Hamilton Lane and Krungsri Bank. SET and UOB contributed $25 million each to the round, show ADDX’s filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA). Go to Source
Access Ventures looks to raise $50-100m for new vehicle, closes Fund II at around $50m
Early-stage venture capital firm Access Ventures is looking to raise $50-100 million for its third vehicle, after closing its second fund at around $40-50 million, DealStreetAsia has learnt from sources aware of the development. The second fund, which closed last year, most recently led a $2 million Series A investment in the Vietnamese D2C menswear… Continue reading Access Ventures looks to raise $50-100m for new vehicle, closes Fund II at around $50m
Is Tiger Global blazing a new funding trend In India – again?
When Tiger Global made its first seed investment in Indian e-commerce enablement startup Shopflo earlier this month, it created a stir in the industry. The New York-headquartered hedge fund is known so far to participate in larger rounds at later stages in private companies. Its investment has paved the way for some of the startups… Continue reading Is Tiger Global blazing a new funding trend In India – again?