As COVID-19 pushes up global investors’ demand for distressed opportunities in Asia-Pacific, alternative investment manager Ares SSG is prioritising downside protection before making additions to its portfolio. There is “a healthy and strong demand” from investors worldwide to allocate money to emerging markets in Asia, especially to the distressed and special situations space, said Ares… Continue reading Watch Edwin Wong speak on Ares SSG’s investment strategy for COVID times
Author: Deal Street Asia Online News
India’s Mamaearth bags unicorn tag after fresh fundraise led by Sequoia
Honasa Consumer Pvt Ltd, the parent company of baby and mother care brand Mamaearth, has entered the unicorn club after raising $37.5 million in its Series F funding round led by venture capital firm Sequoia Capital. Honasa Consumer has issued 839 compulsorily convertible preference shares (CCPS) at an issue price of Rs 33,85,049 to raise… Continue reading India’s Mamaearth bags unicorn tag after fresh fundraise led by Sequoia
Watch a discussion on China’s regulatory crackdown and the focus on ESG investing
Amid China’s tighter scrutiny and regulatory crackdown of various sectors, there has been a sharpened focus on ESG — a form of sustainable investing that takes into account environmental, social, and governance aspects — according to panelists at DealStreetAsia’s Asia PE-VC Summit 2021. Beijing has introduced a spate of crackdowns on various sectors — edtech… Continue reading Watch a discussion on China’s regulatory crackdown and the focus on ESG investing
South Korea’s SK Hynix completes first phase of $9b acquisition of Intel’s NAND …
South Korea’s SK Hynix Inc said it had completed the first phase of its acquisition of Intel Corp’s NAND flash memory chip business, after it received regulatory nods from eight countries including China. In exchange, SK Hynix will pay $7 billion out of the deal’s total $9 billion price tag, the world’s second-largest memory chip maker said in a… Continue reading South Korea’s SK Hynix completes first phase of $9b acquisition of Intel’s NAND …
How China’s new offshore listing rules will work — an explainer
Two Chinese regulators announced draft rules for Chinese firms’ offshore listings over the past week, providing some clarity on how they plan to scrutinize capital market activities amid a broader regulatory crackdown. What are the new rules for offshore listing? The China Securities and Regulatory Commission (CSRC) on Dec. 24 proposed tightening rules governing Chinese companies listing abroad, which… Continue reading How China’s new offshore listing rules will work — an explainer
China’s Didi may enter Hong Kong bourse through ‘listing by introduction’
China’s ride-hailing giant Didi Global plans to use a mechanism that will allow it to list shares in Hong Kong without raising capital or issuing new stock as it seeks to delist from New York, two people with knowledge of the matter said. The plans come as Didi is moving towards withdrawing from the New York Stock Exchange under… Continue reading China’s Didi may enter Hong Kong bourse through ‘listing by introduction’
Watch GoTo’s Patrick Cao explain the economics behind Gojek-Tokopedia merger …
Indonesia’s GoTo, formed from the landmark merger of on-demand app Gojek and e-commerce company Tokopedia this year, expects to benefit from the diversification and economies of scale, which would not have been possible had the companies remained individual players. “It [the merger] has helped to compete with other others in Indonesia, the largest economy in… Continue reading Watch GoTo’s Patrick Cao explain the economics behind Gojek-Tokopedia merger …
Catch Reuben Lai of Grab Financial speak on the company’s next phase of growth …
While it’s still early days for the fintech major Grab Financial Group (GFG), it’s chief Reuben Lai has led it through a series of milestones last year — winning a digibank licence in Singapore, raising a $300 million Series A round, and negotiating the complexities of the region’s largest and most coveted market, Indonesia. The… Continue reading Catch Reuben Lai of Grab Financial speak on the company’s next phase of growth …
Catch this video to know why Mad Street Den CEO thinks AI is ripe for mainstream adoption
Artificial intelligence applications are inching their way to mainstream adoption and it is just around 3-4 years from largescale deployment, according to Ashwini Asokan, CEO & co-founder of AI specialist Mad Street Den. Asokan was a direct beneficiary of the AI boom, as companies across verticals realised the need to deploy their data better and… Continue reading Catch this video to know why Mad Street Den CEO thinks AI is ripe for mainstream adoption
Watch Haresh Chawla explain why he thinks India will soon be a major tech product creator
The IPO of Freshworks in the US will make India join Silicon Valley, Israel, and Scandinavia as a technology product creator over the next decade, believes Haresh Chawla, partner at private equity firm True North. “India has come to a stage where services like Zenoti, Zoho, BrowserStack, and Postman are trying to create global products… Continue reading Watch Haresh Chawla explain why he thinks India will soon be a major tech product creator