Author: Deal Street Asia Online News

Asia Digest: JP Morgan Global Alternatives, 108 Media strike deals

JP Morgan Global Alternatives has acquired a 50% interest in a Singapore office space while 108 Media has acquired all the assets of the London-based DCD Media Plc worth $6.3 million. JP Morgan Global Alternatives buys 50% in One George Street for $472m JP Morgan Global Alternatives has acquired a 50% interest in One George… Continue reading Asia Digest: JP Morgan Global Alternatives, 108 Media strike deals

Indonesia’s health food startup Lemonilo secures $36m in Series C round

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 Indonesia’s health food startup Lemonilo secures $36m in Series C round

Binance withdraws application to run a licensed crypto exchange in Singapore  …

Cryptocurrency exchange Binance has withdrawn an application submitted to the Monetary Authority of Singapore to run a licensed cryptocurrency exchange in the country, the company said in a statement on Monday. Binance.sg, the local website that currently runs a pared-down version of the exchange and is managed by Binance Asia Services, will stop operating on… Continue reading Binance withdraws application to run a licensed crypto exchange in Singapore  …

Vietnamese Masan Group’s The CrownX raises $350m more, valued at $8.2b

The CrownX, an integrated retail platform of Vietnamese conglomerate Masan Group, has closed a $350 million primary investment from global private equity firm TPG, the Abu Dhabi Investment Authority (ADIA) and Singapore state investor Temasek. The latest investment brings the total funding raised by The CrownX since its inception in H1/2020 to over $1.5 billion.… Continue reading Vietnamese Masan Group’s The CrownX raises $350m more, valued at $8.2b

Singapore telco Circles.Life buys back $5 million worth of employee stocks

Singapore-based telco Circles.Life announced on Monday that it is buying back $5 million worth of shares allotted to its staff as employee stock ownership plans (ESOPs). Employees who have been with the company for over a year were allowed to participate. The company said it holds ESOP liquidity events every 18 months on average, which allows… Continue reading Singapore telco Circles.Life buys back $5 million worth of employee stocks

To stand up to the competition, Indonesia’s Bukalapak must fix its low take rate …

Logo of Bukalapak, an Indonesian e-commerce firm, is seen outside its headquarters in Jakarta, Indonesia, June 16, 2021. REUTERS/Willy Kurniawan Premium Bukalapak, which became the first Indonesian tech unicorn to list on the domestic stock market in July this year, has struggled to keep its share price afloat — the company’s stock closed at 515… Continue reading To stand up to the competition, Indonesia’s Bukalapak must fix its low take rate …

Grab-backer GGV Capital sees opportunities as SE Asia’s tech sector catches up with China

Jixun Foo, managing partner, GGV Capital Premium Global venture capital firm GGV sees more investors being lured to Southeast Asia, driven by liquidity as well as the tougher regulatory environment in China. At the same time, the tech sector in Southeast Asia is fast catching up with China, in terms of development and adoption. Go… Continue reading Grab-backer GGV Capital sees opportunities as SE Asia’s tech sector catches up with China

Telio founder transfers shares to settle dispute with investors in previous venture

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 Telio founder transfers shares to settle dispute with investors in previous venture

China’s SenseTime HK IPO said to be in limbo after US blacklisting

Chinese artificial intelligence startup SenseTime Group is considering whether it can proceed with a planned $767 million Hong Kong initial public offering after the U.S. added it to an investment blacklist, two sources familiar with the situation told Reuters. The sources said on Saturday that the company had not yet made a final decision on whether to go ahead with the listing, while one added that it… Continue reading China’s SenseTime HK IPO said to be in limbo after US blacklisting