Author: Deal Street Asia Online News

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

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