Author: Deal Street Asia Online News

HK-based Dash Living rebrands six Japanese co-living assets after M&A with IntheHood

Hong Kong-based co-living operator Dash Living has rebranded six apartments in Japan following last year’s M&A with local counterpart IntheHood, as consolidation in the sector continues across Asian cities. Dash Living, which is backed by the likes of MindWorks Capital and Taronga Ventures, has also brought opportunistic returns to investors with exits from three assets… Continue reading HK-based Dash Living rebrands six Japanese co-living assets after M&A with IntheHood

Toyota, Pony.ai plan to set up venture to mass produce robotaxis in China

Toyota and partner Pony.ai are planning to mass produce robotaxis in China, setting up a venture this year which will build cars that employ the startup’s autonomous driving technology and ride-hailing services. The two companies and GAC-Toyota, a venture between the Japanese automaker and Chinese state-owned Guangzhou Automobile Group, will invest a combined 1 billion… Continue reading Toyota, Pony.ai plan to set up venture to mass produce robotaxis in China

Zomato shares surge a day after booking ahead-of-schedule quarterly profit in Q1

Zomato shares surged to a one-and-a-half-year high on Friday after the Indian food delivery company turned in an ahead-of-schedule quarterly profit in a sign it was on the path to sustained earnings growth. After posting net losses in each of the eight quarters since it went public in late 2021, Zomato reported a net profit… Continue reading Zomato shares surge a day after booking ahead-of-schedule quarterly profit in Q1

Japanese telco SoftBank Corp posts 2.1% increase in Q1 profit

Japan’s SoftBank Corp, the domestic telecoms arm of SoftBank Group, posted a 2.1% increase in first quarter operating profit on Friday. Operating profit was 246.3 billion yen ($1.73 billion) in the April to June period, marginally higher than the 241.2 billion yen in the same period a year earlier. SoftBank maintained its annual profit forecast… Continue reading Japanese telco SoftBank Corp posts 2.1% increase in Q1 profit

Crown LNG Holdings to go public via $685m SPAC deal with CatchaThe SPAC raised $275 million through its initial public offering in February 2021.

Crown LNG Holdings, which develops liquefied natural gas terminals to operate in harsh weather conditions, on Thursday agreed to go public in New York through a merger with a blank check firm, in a deal that values the combined company at $685 million. Crown will combine with Catcha Investment Corp, a special purpose acquisition company… Continue reading Crown LNG Holdings to go public via $685m SPAC deal with CatchaThe SPAC raised $275 million through its initial public offering in February 2021.

Tiger Global builds big stake in PE major Apollo in shift from tech betsTiger’s push into non-tech companies comes amid a recovery in its main hedge f…

Chase Coleman’s Tiger Global has built a big stake in private equity firm Apollo Global as the hedge fund looks outside of technology investments in a hunt for better returns, the Financial Times reported on Thursday. The investment in Apollo, which Tiger described as a “leading global alternative investment manager”, was revealed to investors in… Continue reading Tiger Global builds big stake in PE major Apollo in shift from tech betsTiger’s push into non-tech companies comes amid a recovery in its main hedge f…

Asia-focused PE major Hillhouse to acquire law firm Harneys’ fiduciary biz

Private equity giant Hillhouse has agreed to acquire Harneys Fiduciary, the fiduciary business of offshore law firm Harneys, for an undisclosed amount. The final closing of the deal is subject to the completion of the separation of the fiduciary business from Harneys’ law firm business and other customer closing conditions, Harneys said. Harneys Fiduciary, established… Continue reading Asia-focused PE major Hillhouse to acquire law firm Harneys’ fiduciary biz

India Digest: Shadowfax said to close $60m financing, UcliQ bags funds from angelsUcliQ has raised around $84,500 from angel investors.

India-based transportation company Shadowfax is in the process of closing a funding round of about $60 million, TechCrunch reported on Wednesday. B2B meat marketplace UcliQ has raised around $84,500 from angel investors. Shadowfax said to close $60m funding round: report India-based transportation company Shadowfax is in the process of closing a funding round of about… Continue reading India Digest: Shadowfax said to close $60m financing, UcliQ bags funds from angelsUcliQ has raised around $84,500 from angel investors.