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 SG’s Contour bags additional $4.9m in Series A+ funding from Japan’s TIS, others …
Author: Deal Street Asia Online News
Troubled Chinese developer Shimao’s unit to sell stake in three SPACs for $268m
Chinese developer Shimao Group Holdings said on Friday its unit Fortune Spring Ventures would sell the stake it holds in three special purpose vehicles for HK$2.09 billion ($267.89 million). The deal comes as Chinese developers, led by those including Evergrande and Kaisa Group, grapple with liquidity crunches amid tighter regulations. Shimao said its unit would sell 22.5% of… Continue reading Troubled Chinese developer Shimao’s unit to sell stake in three SPACs for $268m
SPAC boom fizzles as investors cash out on big names
Several companies, including Grab Holdings and BuzzFeed, that merged with shell entities to go public have seen their shares tumble, as investors pull the rug out from under the stocks hyped in Wall Street’s frenzied blank-check deals this year. Shares of BuzzFeed, which merged with blank-check firm 890 5th Avenue Partners, have plunged 40% since… Continue reading SPAC boom fizzles as investors cash out on big names
Japan’s top business lobbyist backs Myanmar coup, urges investment
A Japanese former politician who campaigned to bring billions of dollars of investment from some of Japan’s top companies to Myanmar has urged Japan to endorse its military regime, saying the nation’s coup leader has “grown fantastically as a human being,” while praising his “democratisation efforts.” The 87-year-old former cabinet minister, Hideo Watanabe, is also pursuing a $42-million shopping… Continue reading Japan’s top business lobbyist backs Myanmar coup, urges investment
China’s tutoring industry struggles after reforms call time on lucrative business model
Premium One day in October, Songwan elementary school in Central China’s Henan province received a donation out of the blue — 300 school desks — shipped from a branch of the private tutoring company New Oriental Education & Technology Group Inc. 200 miles away. Go to Source
Stay, swap or shed: Investors brace for delisting of US-listed China stocks
As a long-running Sino-U.S. diplomatic spat threatens to force Chinese companies off American stock exchanges, global equity investors are assessing ways to retain or add exposure to the world’s second-biggest economy. Fund managers are planning or accelerating a shift out of Chinese American Depository Receipts (ADRs) into their Hong Kong-listed counterparts, or buying more shares… Continue reading Stay, swap or shed: Investors brace for delisting of US-listed China stocks
Chinese asset manager Yingke PE targets to raise $157m for two RMB funds …
Shanghai-based asset manager Yingke PE has set up two new funds with a total target corpus of 1 billion yuan ($156.8 million) as it seeks to expand its portfolio of almost 300 biopharmaceutical and hard tech companies. Yingke PE, which manages over 50 billion yuan ($7.8 billion) in assets, said in a statement on Thursday… Continue reading Chinese asset manager Yingke PE targets to raise $157m for two RMB funds …
KKR to buy Japanese software developer Yayoi from Orix …
Japanese financial services group Orix Corp said on Friday it will sell software developer Yayoi Co to U.S. private equity firm KKR & Co Inc for an undisclosed amount. Orix, which bought Yayoi for more than 80 billion yen ($705 million) in 2014, will complete the transaction in March and book a profit of 163.2… Continue reading KKR to buy Japanese software developer Yayoi from Orix …
Corporate services provider Sleek extends Series A round to $25m …
Sleek, a Singapore-based corporate services provider, has extended its Series A round to $25 million after bagging additional equity and debt financing. The company had in November announced raising $14 million in the round co-led by White Star Capital and Jungle Ventures. Singapore’s EDBI participated in the Series A extension, per Sleek’s announcement on Friday.… Continue reading Corporate services provider Sleek extends Series A round to $25m …
Watch top Canadian pension fund leaders speak on PE, infra bets in Asia
Top Canadian pension funds CDPQ and OMERS Infrastructure are betting big on the rapid urbanisation and growth of the middle class in Southeast Asia and India as they seek opportunities for portfolio diversification. Speaking at DealStreetAsia’s Asia PE-VC Summit 2021, CDPQ’s Leong Wai Leng and OMERS’ Prateek Maheshwari noted increasing allocation to the region. [embedded… Continue reading Watch top Canadian pension fund leaders speak on PE, infra bets in Asia