China’s ride hailing giant Didi Global Inc said on Saturday that media reports that the Beijing city government is coordinating companies to invest in it are not correct. “Didi is currently actively and fully cooperating with cybersecurity probe, foreign media reports that Beijing city government is coordinating companies to invest in it are incorrect,” it said on Weibo. Bloomberg News reported on Friday, citing unidentified people familiar with the matter, that China’s capital city was considering taking Didi under state control and… Continue reading Didi denies reports that Beijing city is coordinating firms to invest in it
Author: Deal Street Asia Online News
Tokyo Stock Exchange mulls 30-minute extension to trading …
Tamagawa Dori, Tokyo, Japan. Photo: Thomas Schmitz/unsplash Premium The Tokyo Stock Exchange has begun weighing a proposal to lengthen cash stock trading hours by 30 minutes to 3:30 p.m., according to people familiar with the matter, in hopes of boosting its appeal to international investors. Go to Source
Mindset’s the biggest challenge for digital health in the region: HealthXCapital’s Jauhari
The pandemic has placed a huge strain on public health infrastructure globally, underscoring the need for private capital-driven interventions in health and insurance. Going forward, the sector is likely to witness an increase in investments in earlier stage companies that address some of the industry’s issues, says Seemant Jauhari, managing partner at healthcare-dedicated VC fund… Continue reading Mindset’s the biggest challenge for digital health in the region: HealthXCapital’s Jauhari
SoftBank-backed Indian e-commerce firm Snapdeal plans IPO at $2.5b valuation: Report …
Indian e-commerce player Snapdeal is looking to raise $400 million from an initial public offering (IPO) at a valuation of about $2.5 billion, Bloomberg reported on Friday citing sources. The company, which counts SoftBank Group Corp. among its investors, has begun talking to advisors about a potential listing in Mumbai as soon as next year,… Continue reading SoftBank-backed Indian e-commerce firm Snapdeal plans IPO at $2.5b valuation: Report …
Beijing city looks to bring ride-hailing firm Didi under state control: Report
Beijing city is considering taking Didi Global under state control and has proposed that government-run firms invest in the Chinese ride-hailing company, Bloomberg News reported. The central thrust of the Beijing city government’s proposal is to regain control over one of its largest corporations, and particularly the data it holds, Friday’s Bloomberg report said. Under the preliminary… Continue reading Beijing city looks to bring ride-hailing firm Didi under state control: Report
JD.com unit makes $513m offer for controlling stake in China Logistics
Chinese e-commerce giant JD.com Inc’s real estate unit has made an about HK$3.99 billion ($513.45 million) offer to buy a controlling stake in storage facilities manager China Logistics Property Holdings, the companies said in a joint exchange filing on Friday. JD Property Group offered to buy a 26.38% stake in China Logistics for HK$4.35 per share from… Continue reading JD.com unit makes $513m offer for controlling stake in China Logistics
China’s Baidu Ventures raises $400m for third fund, to bet on new technologies
Baidu Ventures (BV), the investment arm of Chinese search engine giant Baidu, announced on Friday that it has raised $400 million for its third fund, in a bid to bet on the new technology industry. While it didn’t disclose if it’s a dollar-denominated fund, Baidu Ventures revealed that the fresh fund brings its total assets… Continue reading China’s Baidu Ventures raises $400m for third fund, to bet on new technologies
Indonesian startup J&T Express said to seek over $2b in pre-IPO round
Indonesian courier startup J&T Express is in talks with investors to raise more than $2 billion ahead of a Hong Kong initial public offering (IPO), and is looking to expand in Latin America, three people with knowledge of the matter told Reuters. The logistics firm is seeking to hit a $20 billion valuation with the… Continue reading Indonesian startup J&T Express said to seek over $2b in pre-IPO round
Singapore Exchange’s SPAC rules seen giving market much-needed boost …
Singapore Exchange’s new rules for special purpose acquisition companies (SPACs) are likely to help it attract regional funds and fast-growing firms, as it seeks to revitalise a staid market for equity listings, market participants said. Some of them expect Southeast Asian startups, especially from the tech sector, to take advantage of SGX becoming the first… Continue reading Singapore Exchange’s SPAC rules seen giving market much-needed boost …
China’s XSKY secures $110m in Series E round led by Boyu Capital …
XSKY (Beijing) Data Technology on Friday announced that it has secured as much as 710 million yuan ($110 million) in a Series E round of financing led by Chin-focused private equity firm Boyu Capital. A slew of new investors including Lenovo Group’s corporate venture capital arm Legend Capital, CICC Capital’s investment unit CICC Alpha, Kunlun… Continue reading China’s XSKY secures $110m in Series E round led by Boyu Capital …