SoftBank is considering a U.S. listing for its PayPay payments business, three sources familiar with the matter said, in what could mark another American listing for Masayoshi Son’s sprawling tech conglomerate along with chip designer Arm. New York is seen as a more attractive destination than Tokyo for listings given the higher valuations tech companies… Continue reading SoftBank weighs US listing for its PayPay business
Author: Deal Street Asia Online News
Cboe exchange, Coinbase to partner on bitcoin market surveillance in ETF push
Exchange operator Cboe Global Markets on Tuesday filed amended applications to list and trade shares of three spot bitcoin exchange-traded funds, including one by Fidelity, to add surveillance-sharing agreements with crypto-trading platform Coinbase. Shares of Coinbase closed up 9.8% at $89.15 on Tuesday and hit their highest level since Aug. 16 of last year. The… Continue reading Cboe exchange, Coinbase to partner on bitcoin market surveillance in ETF push
China Digest: NGGT, OptoMedic raise funding
Shanghai Healthcare Capital has led the Series B round for NGGT while Huajin Capital has co-led OptoMedic’s pre-IPO round Gene therapy firm NGGT bags $40m in Series B round Gene therapy firm Next Generation Gene Therapeutics (NGGT) has secured $40 million in a Series B financing round led by Shanghai Healthcare Capital, an investment fund… Continue reading China Digest: NGGT, OptoMedic raise funding
SG’s blackx fund acquires IP rights to Tanya Chua’s music and compositionsblackx music has also acquired Taiwanese songwriter Frances Wang’s catalogue…
Singapore-based blackx music fund has acquired the rights to manage the intellectual property (IP) of Tanya Chua’s lifetime music and compositions, according to an announcement. Tanya Chua is one of Mandopop’s most awarded songwriters and music producers, having secured multiple wins at Taiwan’s 2022 Golden Melody Awards (GMA) for “Album Of The Year” and “Best… Continue reading SG’s blackx fund acquires IP rights to Tanya Chua’s music and compositionsblackx music has also acquired Taiwanese songwriter Frances Wang’s catalogue…
India’s Wipro commits to invest $1b into AI over three years
Indian IT services provider Wipro Ltd said on Wednesday it planned to invest $1 billion into artificial intelligence (AI) over the next three years. The investments will focus on the expansion of AI, big data, and analytics solutions, as well as developing new research and development and platforms, it said in an exchange filing. This… Continue reading India’s Wipro commits to invest $1b into AI over three years
Chinese fitness app Keep raises $38.3m in lacklustre Hong Kong IPOThe company was valued at $1.94b, lower than the $2.4b in its last funding round.
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SE Asia Deal Review: Startup fundraising falls to four-month low of $445m in June
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Temasek said to hold talks with Ant Group over valuation cut: report
Singapore’s state-owned investor Temasek Holdings is said to be preparing to engage in talks with Ant Group to discuss the reasons behind the fintech giant’s surprise substantial valuation cut in its planned share buyback, according to a Bloomberg report. Temasek chief investment officer Rohit Sipahimalani was quoted in the report as saying that the outcome… Continue reading Temasek said to hold talks with Ant Group over valuation cut: report
SG medical device maker Genesis MedTech eyes up to $500m IPO in HK: report
Singapore-headquartered medical device maker Genesis MedTech Group is said to be planning a potential initial public offering (IPO) in Hong Kong that could raise as much as $500 million, Bloomberg reported on Tuesday. The listing could take place as early as next year and the actual amount will be contingent on market conditions, sources quoted… Continue reading SG medical device maker Genesis MedTech eyes up to $500m IPO in HK: report
Foxconn eyes India chipmaking incentives after quitting Vedanta JVFoxconn withdrew from its semiconductor JV with Indian metals-to-oil conglomerate Ve…
Taiwan’s Foxconn said on Tuesday it plans to apply for incentives that India is offering under its semiconductor manufacturing policy, a day after the company parted ways with Vedanta on a $19.5 billion chipmaking joint venture. Foxconn withdrew from its semiconductor JV with Indian metals-to-oil conglomerate Vedanta on Monday, in a setback to Prime Minister Narendra Modi’s chipmaking… Continue reading Foxconn eyes India chipmaking incentives after quitting Vedanta JVFoxconn withdrew from its semiconductor JV with Indian metals-to-oil conglomerate Ve…