China’s Fosun International Ltd on Monday said its affiliate Shanghai Yuyuan Tourist Mart Group Co will sell 654.1 million Hong Kong shares of Zhaojin Mining Industry Co for HK$4.40 billion ($560.55 million). Shanghai Yuyuan is offering to sell the stake in Zhaojin Mining for HK$6.72 per share, a discount of 1.8% from the closing price… Continue reading Unit of China’s Fosun to sell stake in HK-listed Zhaojin Mining for $561mAfter the sale, Fosun will retain a 2.85% stake.
Category: Tech News
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The LP View: Investors looking for GPs ‘of the future’What worked 15 years ago may or may not work today, says Audrey The-Dumas of Cambridge Associate…
Global investment firm Cambridge Associates has a sizeable team dedicated to identifying the “next generation” of managers amid an evolving private equity industry. “What worked 15 years ago, and has delivered returns, may or may not work today,” Audrey The-Dumas, managing director at Cambridge Associates, told DealStreetAsia in an interview. Go to Source
Vertex-backed digital health platform Speedoc scores fresh funding
Speedoc, a Singapore-based digital health platform backed by Vertex Ventures Southeast Asia and India, has raised $17.5 million in fresh funding, according to ACRA filings accessed by DealStreetAsia – DATA VANTAGE. ACRA filings only reflect the equity funding received so far in a round and the overall funding round could be larger and/or have other… Continue reading Vertex-backed digital health platform Speedoc scores fresh funding
How Astra realised gains on its GoTo investment but Telkom Indonesia could not
Indonesia-listed tech giant GoTo can be a wealth creator or wealth eroder, depending on whom you ask. For state-owned Telkom Indonesia, for instance, its two-year-old investment in ride-hailing giant Gojek resulted in unrealised losses of 3.06 trillion rupiah ($200 million) for the period Jan-Sept 2022 (9M 2022), according to the telecom company’s latest earnings. Go… Continue reading How Astra realised gains on its GoTo investment but Telkom Indonesia could not
Asset managers PineBridge, Man Group increase China exposure on reopening hopes
Asset manager PineBridge Investments’ multi-asset team has sharply raised its China equity exposure and rival Man Group expects to expand its presence in the country with expectations that strict COVID rules will be eased. Chinese markets roared higher and the yuan rose on Friday, with about a trillion dollars added to the value of Chinese stocks in… Continue reading Asset managers PineBridge, Man Group increase China exposure on reopening hopes
India Deal Review: Startup fundraising rises 37% in Oct to $1.4b
Fundraising by Indian startups touched $1.37 billion across 87 private equity and venture capital transactions in October, registering a growth of about 37% over September, according to proprietary data compiled by DealStreetAsia. Deal value increased on the back of big-ticket deals, despite deal volume falling 23% from 115 in September. Go to Source
The bike that got me through the pandemic (it’s $2000 less than a Peloton)
Still going. Chris Matyszcyk/ZDNET Remember the panic? Suddenly we were all going to be shut down. Almost everything would close. We’d have to adjust. Oh, how we’d have to adjust. I confess there was only one thing that worried me about the pandemic — other than the perfectly obvious concerns about catching a potentially deadly… Continue reading The bike that got me through the pandemic (it’s $2000 less than a Peloton)
Company Builds Electric Flying Car Powered By Giant Drone Propellers
Well, that’s one way to get a car airborne. Learning to Fly There’s a lot of flying car prototypes out there, but Xpeng, a Chinese EV automaker and Tesla rival, might have just debuted the most absurd of them all — and it looks like it actually works, too. That’s because the prototype, internally known… Continue reading Company Builds Electric Flying Car Powered By Giant Drone Propellers
Tesla Spotted Blubbering in the Ocean After Owner Drove It Onto the Beach For Some Reason
“We advised the owner, you need to get your car out of the ocean.” Beach Trip A Tesla owner decided to take their Model 3 on a beach trip, which ended with their precious car stranded in the water. The doomed Tesla was spotted Monday morning sagging morosely in the ocean right off the coastline of… Continue reading Tesla Spotted Blubbering in the Ocean After Owner Drove It Onto the Beach For Some Reason
5 Best Dog Beds (2022): Indoor, Outdoor, Elevated
Your dog’s bed of choice may be whatever bed you’re in … but that may not be your bed of choice for your dog. Whether they steal the covers or just sprawl out everywhere, there never quite seems to be enough space for you and your pup each night. Fortunately for your furry companion (and… Continue reading 5 Best Dog Beds (2022): Indoor, Outdoor, Elevated