Author: Deal Street Asia Online News

Crypto adoption and investment may soon become mainstream in SE Asia …

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to… Continue reading Crypto adoption and investment may soon become mainstream in SE Asia …

Watch this panel discussion on SE Asia’s ‘super angel’ investors

With founders of mature startups doubling up as angel investors, Southeast Asia is likely to produce more ‘super angels’ over the next two to three years. “We’ve seen some that are turning into super angels. The signs are pointing towards that as the ecosystem is maturing,” said Edward Tirtanata, CEO and co-founder of Kopi Kenangan,… Continue reading Watch this panel discussion on SE Asia’s ‘super angel’ investors

Watch three Indonesian entrepreneurs speak on weathering the pandemic storm

What was the toughest part about running a business during the COVID-19 pandemic? How do you address employees’ mental health concerns in these times? Is there such a thing as raising too much money, given the current environment of ample liquidity? These were some of the big questions addressed by three Indonesian entrepreneurs at a… Continue reading Watch three Indonesian entrepreneurs speak on weathering the pandemic storm

China proposes new approval framework for overseas IPOs

China‘s securities regulator on Friday proposed tightening rules governing Chinese companies listing abroad, which it said would improve oversight while allowing them to continue to do so. The China Securities Regulatory Commission (CSRC) said on its website that it had proposed establishing a new framework for the overseas listing of Chinese firms. The draft rules extend CSRC’s oversight on offshore listings of Chinese companies… Continue reading China proposes new approval framework for overseas IPOs

China Evergrande chairman’s stake in services unit drops on forced selling

The shareholding of China Evergrande Group’s chairman in its property services unit has fallen to 58.18% from 60.96% after forced selling of pledged shares by a third party, a Hong Kong stock exchange filing showed. The number of Evergrande Property Services Group shares involved was 300 million, and the drop was the result of steps taken on Dec. 20 to enforce rights to the shares held as security… Continue reading China Evergrande chairman’s stake in services unit drops on forced selling

Ant Group’s consumer finance unit to boost its capital to $4.7b

The consumer finance unit of China’s Ant Group will boost the company’s capital to 30 billion yuan ($4.71 billion) from 8 billion yuan, and introduce 4 new strategic investors, an exchange filing released on Friday said. The unit, Chongqing Ant Consumer Finance Co Ltd, is under regulatory pressure to fold Ant’s two lucrative micro-loan businesses Jiebei and Huabei into it, which would make it subject to rules and capital requirements similar to those for banks. China… Continue reading Ant Group’s consumer finance unit to boost its capital to $4.7b

Indonesia’s BRI Ventures launches second fund Sembrani Kiqani

BRI Ventures, the corporate venture arm of Indonesian state-owned PT Bank Rakyat Indonesia and its local fund partner Kiqani has launched a new fund to invest in the direct-to-consumer (D2C) sector with a total investment target of up to Rp 500 billion. The fund titled Sembrani Kiqani has already invested in Yield Guild Games Southeast… Continue reading Indonesia’s BRI Ventures launches second fund Sembrani Kiqani

CICC, Ascent Capital jointly to set up investment platform with $3b corpus

CICC Capital, the private equity (PE) fund management platform of Hong Kong-listed investment bank China International Capital Corporation (CICC), has tied up with Korea’s cross-border investment firm Ascent Capital to set up a private equity investment platform with a total corpus of $3 billion.  CICC Ascent is set to seek opportunities across technology and consumption… Continue reading CICC, Ascent Capital jointly to set up investment platform with $3b corpus