Author: Deal Street Asia Online News

SGX to ask companies to make climate, board diversity disclosures next year

The Singapore Exchange (SGX) will start requiring companies to provide climate-related reporting as well as disclosures on board diversity from next year, the bourse said on Wednesday. All issuers must provide climate reporting on a “comply or explain” basis in their sustainability reports from the financial year starting 2022. Climate reporting will become mandatory for issuers in the financial,… Continue reading SGX to ask companies to make climate, board diversity disclosures next year

India’s Juspay raises $60m in Series C funding led by SoftBank Vision Fund 2

Indian payments technology platform Juspay Technologies has secured $60 million in a Series C round of funding led by SoftBank Vision Fund 2, it said in a statement on Wednesday. Existing investors VEF and Wellington Management also joined the round. The latest round reportedly values the payments technology platform at $460 million. SoftBank Investment Advisers… Continue reading India’s Juspay raises $60m in Series C funding led by SoftBank Vision Fund 2

Thai e-commerce enabler aCommerce files for IPO on the local bourse

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 Thai e-commerce enabler aCommerce files for IPO on the local bourse

China Digest: Carousell HK partners with GoGoX, Atome; Soundbrenner raises $1.5m …

Carousell Hong Kong has teamed up with GoGoX and Atome to build an ecosystem that serves small businesses. Separately, HK-headquartered music tech startup Soundbrenner has raised $1.5 million from Asia’s investment platform Choco Up. Carousell HK forms partnership with GoGoX, Atome The Hong Kong arm of Singapore’s online classifieds business Carousell has teamed up with… Continue reading China Digest: Carousell HK partners with GoGoX, Atome; Soundbrenner raises $1.5m …

Watch investors discuss opportunities for SE Asia amid China’s tech crackdown

For investors rattled by Beijing’s tightened regulatory control over its tech sector, Southeast Asia is emerging as a top alternative destination. “I think there are many Chinese founders — especially in e-commerce, but really across all sectors — that are now looking at globalising [their businesses] with much more seriousness,” said Rui Ma, founder of… Continue reading Watch investors discuss opportunities for SE Asia amid China’s tech crackdown

Cathay Capital backs Tungee and 15 more deal updates from Greater China

ResearchPremium Tungee, a provider of software-as-a-service (SaaS) for sales and marketing management, has raised 300 million yuan ($47 million) for its Series B+ round of financing led by cross-border private equity major Cathay Capital.  New investor GGV Capital besides return backers Sequoia Capital China, Qiming Venture Partners and Unity Ventures joined the round.  Tungee had… Continue reading Cathay Capital backs Tungee and 15 more deal updates from Greater China

NIKE acquires C Ventures-backed virtual shoe studio RTFKT

Global leading footwear and apparel giant NIKE on Monday announced the acquisition of Adrian Cheng’s C Ventures-backed virtual shoe studio RTFKT. The financial terms of the deal remain undisclosed. With the acquisition, RTFKT becomes a part of the NIKE family, according to its official website.  Earlier this year, C Ventures made a significant investment in… Continue reading NIKE acquires C Ventures-backed virtual shoe studio RTFKT

Top developer Shimao’s share price slump triggers China property concerns

Sharp falls in Shimao Group’s shares and debt, triggered by worries over an asset sale and cancelled apartment deals, renewed concerns on Tuesday over China’s property sector. Shares in Shimao, which was one of China’s top-10 developers last year and investment grade-rated until a month ago, fell a record 20% and the price of its bonds fell heavily,… Continue reading Top developer Shimao’s share price slump triggers China property concerns

Japanese VC Global Brain launches two funds with total corpus of $440m

Japanese venture investor Global Brain has announced the launch of two new funds with a combined corpus of 50 billion yen ($440 million) that will invest in next-generation global startups. The VC firm launched GB-VIII Growth Fund Investment Limited (GB-VIII) with a target of 40 billion yen, including a parallel vehicle for overseas investors. It… Continue reading Japanese VC Global Brain launches two funds with total corpus of $440m