Chinese e-commerce giant Alibaba has set a target for gross merchandise volume of $100 billion in gross merchandise volume (GMV), the total sum of purchasing transactions, for its Southeast Asian marketplace Lazada. The goal, which was shared with investors on Thursday and later in a public online presentation, ups the ante for the company, which entered the… Continue reading Alibaba sets GMV target of $100b for its SE Asian marketplace Lazada
Author: Deal Street Asia Online News
GLP partners two Chinese state-backed firms to launch logistics fund …
Global logistics real estate investor GLP has partnered with Chinese state-owned insurer China Life and agribusiness player China Co-Op Group to set up a modern logistics industry fund with a debut size of nearly 3 billion yuan ($471 million). The fund, dubbed GLP Co-Op Development Fund, targets to raise up to 20 billion yuan ($3.14… Continue reading GLP partners two Chinese state-backed firms to launch logistics fund …
Global private equity firm TPG submits paperwork for New York listing …
Private equity firm TPG has submitted paperwork for an initial public offering in the United States, according to a regulatory filing on Thursday, as it seeks to better compete with its publicly traded peers. Fort Worth, Texas-headquartered TPG, which did not reveal the number of shares it plans to sell or the indicative price range, is known for… Continue reading Global private equity firm TPG submits paperwork for New York listing …
Indonesia’s SWF prioritises good governance, open to investing in unicorns
Premium Indonesia Investment Authority (INA), the country’s newly-established sovereign wealth fund, is prioritising a good governance framework at the core of its investment strategy, a top executive said. INA’s chief risk officer Marita Alisjahbana told DealStreetAsia, in an interview, “everything needs to go through a real process. There are many [targets], of course, to get… Continue reading Indonesia’s SWF prioritises good governance, open to investing in unicorns
SG-based crypto investment unicorn Matrixport has big plans for 2022
Premium Singapore-based cryptocurrency investment platform Matrixport says it plans to double the value of assets under its management and custody, and the number of users on its platform in 2022, riding on the current surge in interest in digital coins. Go to Source
The Philippines is grabbing investor interest but can it deliver? Watch the full video here
As entrepreneurs and investors bet on the rapid rise of the Philippines digital consumer base and the large unbanked population, the SE Asian country’s startup ecosystem is bustling with activity. “[Philippine] startups are scaling, they’re demonstrating the ability to monetise, to go commercial, and investors, local and global, are taking notice,” said Minette Navarrete, vice-chairman… Continue reading The Philippines is grabbing investor interest but can it deliver? Watch the full video here
PE firm Ares Management raises $2.2b for climate infrastructure investment
Los Angeles-based private equity firm Ares Management Corp said on Thursday it has raised $2.2 billion to invest in infrastructure businesses operating in the renewable energy, energy efficiency, and energy storage sectors. Ares said it raised $1.4 billion for its inaugural Ares Climate Infrastructure Partners Fund, and an additional $800 million in managed accounts that will be deployed alongside the… Continue reading PE firm Ares Management raises $2.2b for climate infrastructure investment
SC Malaysia revises SPAC framework to bolster local listings …
The Securities Commission of Malaysia (SC) has revised its Special Purpose Acquisition Company (SPAC) framework to create more flexibility for successful SPAC listings and de-SPAC mergers. According to an SC statement on Thursday, the revisions include allowing SPAC acquisition deals to be conducted through the issuance of shares rather than cash alone, permitting additional financing… Continue reading SC Malaysia revises SPAC framework to bolster local listings …
Blockchain research firm Nansen bags $75m Series B from Accel, GIC, others
Premium Blockchain data analytics startup Nansen has raised $75 million in a Series B round led by US venture capital company Accel. Other prominent investors that participated include Singapore sovereign wealth fund GIC, the US investment firm Tiger Global, Siam Commercial Bank’s (SCB) venture arm SCB 10X, and existing investor a16z. Crypto-specific investors like L1… Continue reading Blockchain research firm Nansen bags $75m Series B from Accel, GIC, others
Chinese chip designer Chipone valued at $4.7b after Oceanpine-led $1b Series E round …
Chipone Technology has secured over 6.5 billion yuan ($1 billion) in a Series E financing round that pushed the valuation of the Chinese chip designing firm to over 30 billion yuan ($4.7 billion). The Series E round was led by Oceanpine Capital, a Beijing-based hard tech investment firm. Chinese smartphone brand Vivo and a wide… Continue reading Chinese chip designer Chipone valued at $4.7b after Oceanpine-led $1b Series E round …