Author: Deal Street Asia Online News

India’s Paytm slides as anchor investors lock-in period expires

Shares of digital payments firm Paytm tumbled as much as 13% to hit their lowest since a dismal debut last month after a lock-in period for anchor investors in the company’s initial public offering ended on Wednesday. Paytm‘s shares crashed more than 27% in debut on Nov. 22 following India’s largest public offering in a blockbuster year… Continue reading India’s Paytm slides as anchor investors lock-in period expires

US to add 8 Chinese firms including drone-maker DJI to investment blacklist

The United States will add eight Chinese companies, including the world’s largest commercial drone manufacturer DJI Technology Co Ltd, to an investment blacklist this week, the Financial Times reported on Wednesday. The U.S. Treasury will put the companies on its “Chinese military-industrial complex companies” blacklist on Thursday because of their alleged involvement in surveillance of… Continue reading US to add 8 Chinese firms including drone-maker DJI to investment blacklist

Toyota-backed Pony.ai’s driverless testing permit suspended in California …

A California regulator on Monday said it has suspended a driverless testing permit for startup technology firm Pony.ai following an accident — the first time it has issued such a suspension. On Oct. 28, a Pony.ai vehicle operating in autonomous mode hit a road center divider and a traffic sign in Fremont after turning right, showed the… Continue reading Toyota-backed Pony.ai’s driverless testing permit suspended in California …

Toyota commits $70b to electrify its vehicles by 2030

Toyota Motor Corp on Tuesday committed 8 trillion yen ($70 billion) to electrify its automobiles by 2030, half of it to develop a battery electric vehicle (BEV) line-up, as it looks to tap a growing market for zero-emission cars. But the world’s biggest carmaker, which is a relative latecomer to full electric cars, said it expected… Continue reading Toyota commits $70b to electrify its vehicles by 2030

India Digest: Flipkart’s Shopsy launches grocery category; Good Glamm buys MissMalini

Shopsy, the social commerce unit of Flipkart, has launched grocery as a category on its platform, while content-to-commerce firm Good Glamm Group has acquired celebrity media firm MissMalini Entertainment. Flipkart’s Shopsy launches grocery offering in 700 cities Shopsy, the social commerce unit of Flipkart, announced that it has started offering grocery as a category on… Continue reading India Digest: Flipkart’s Shopsy launches grocery category; Good Glamm buys MissMalini

Awareness around ESOPs is still lacking in SE Asia: report

Premium There is a lack of awareness and understanding around Employee Stock Option Plans (ESOPs) in Southeast Asia, according to a recent report by Saison Capital and Svested, a Singaporean startup focused on ESOP management. The findings show that while most Southeast Asian founders are implementing ESOPs for the “right reasons” such as retaining and… Continue reading Awareness around ESOPs is still lacking in SE Asia: report

India’s Aditya Birla Fashion to buy exclusive rights to sell Reebok in India

India’s Aditya Birla Fashion and Retail Ltd (ABFRL) said on Tuesday it would buy exclusive rights to sell global sportswear brand Reebok‘s products both online and offline in the Indian market. Shares of ABFRL jumped 4.6% to 279 rupees after the announcement. The deal will be effective once the global ownership of the Reebok brand is transferred from… Continue reading India’s Aditya Birla Fashion to buy exclusive rights to sell Reebok in India

L Catterton Asia to focus on growth equity in key consumer markets of China, Japan, India

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 L Catterton Asia to focus on growth equity in key consumer markets of China, Japan, India