Private Equity

Gaw Capital to buy HK office tower from Swire, China Motor for $605m

The deal is expected to be completed on 19 July 2019.

Venture Capital

India’s Nexus Venture hits another close of Fund V at $354m, targets $450m

Nexus Venture V has secured commitments from 32 investors so far.

Deals

Tencent leads $250m round for Chinese travel site Mafengwo

General Atlantic and Qiming Venture Partners also joined the latest funding round.

Deals

P2P lender Funding Societies said to seek $50m in fresh funding

Venture Capital

ZWC Ventures closes $150m first SEA and China fund, eyes $500m second fund

Private Equity

China/HK

Gaw Capital to buy HK office tower from Swire, China Motor for $605m

The deal is expected to be completed on 19 July 2019.

World

Japan’s Chikyoren picks BlueBay, Alternative Investment Capital for alts mandate

The state pension fund intends to increase the weighting of its alternative investments to as much as 5% of total AUM in the long term from 0.1% in 20

Singapore

Temasek unit to raise $598m via private equity bonds

The Astrea V PE bonds are backed by cash flows from a portfolio of 38 fund investments managed by 32 GPs.

Venture Capital

China/HK

Korean accelerator Hashed leads investment in HK’s Animoca Brands blockchain unit

Helix, Mind Fund, True Global Ventures, Blocore, ThunderCore and Alexis Bonte also participated in the round.

China/HK

Google-backed KaiOS bags $50m in Series B led by Cathay Innovation

The funding round brings KaiOS Technologies' total funds raised to $79 million.

India

India’s Nexus Venture hits another close of Fund V at $354m, targets $450m

Nexus Venture V has secured commitments from 32 investors so far.

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Unicorns

World

Ride-hailing apps will alter car ownership pattern with new services

Uber and Lyft Inc are expected to alter the state of car ownership towards subscription-based services and shared ownership.

India

SoftBank-backed OYO says has become second largest hotel chain in China

Indonesia

Indonesia Digest: Grab adds hotel booking feature; Tokopedia rolls out warehouse service

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Q & A

Vietnam

Vietnam’s NPL market is bigger than estimated, says IDS Argo’s Kondoh

Rest of Asia

We expect to break even in ride-sharing in 3-4 years, says Pathao COO Pardeep Grewal

Singapore

We are Asia’s first truly cross-border seed fund: STRIVE’s Nikhil Kapur

China/HK

Business service sectors ripe for platform roll-up play: Pantheon’s Jie Gong

Deals

India

Anil Ambani Group to exit asset management biz, sell shares to Nippon Life

The deal with Nippon Life is critical for Ambani as he tries to bolster the finances of Reliance Capital.

Thailand

Starbucks said to license Thai retail business to Coffee Concepts

The move comes at a time when the coffee behemoth is sharpening its focus on its key markets, China and the US.

Malaysia

Malaysian police raid Deloitte office in 1MDB scandal probe

Authorities in at least six countries are investigating alleged graft and money laundering at 1MDB.

IPOs and Markets

Singapore

Power products maker Tricklestar files prospectus to list on SGX Catalist Board

The proposed IPO will help the company raise funds to expand in new markets.

China/HK

Consumer lender Home Credit appoints banks for over $1b HK listing

Home Credit plans to file with the HK stock exchange as early as next month and list in September or October.

China/HK

Chinese menswear firm Mulsanne prices Hong Kong IPO below range

The Chinese company raised $112 million after selling 200 million shares at HK$4.39 apiece.

Analysis

World

Reasons why asset owners prefer to shift to private equities from public markets

Public markets around the world are becoming less liquid.

China/HK

Meituan’s losses narrow; fends off rival Alibaba in food, travel segments

China/HK

Starbucks rival Luckin Coffee lists on Nasdaq with cars-to-lattes plan

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DealStreetAsia has partnered with Pandaily to bring you its weekly TechBuzz China podcast on the Chinese tech industry, straight from Silicon Valley

Opinion

World

Reasons why asset owners prefer to shift to private equities from public markets

India

Uber’s bumpy IPO raises questions on startup valuations

World

Numerous SPV structures could be why Lyft, Uber IPOs flopped

World

What Uber’s much-delayed market debut can teach other unicorns

Policy & Regulations

China/HK

US mulls adding five more China video surveillance firms to blacklist

Such a move would escalate tensions with China and raises questions about whether the U.S. is going after more of the country’s corporate champions.

Rest of Asia

Nepal bans China’s WeChat Pay, Alipay

Nepal said payments from the two unregistered systems were illegal and resulting in a loss of income to the Himalayan nation.

China/HK

SoftBank-owned ARM to suspend business with Huawei

This follows the United States adding Huawei to a list of companies with which US firms could not do business.

People

India

ByteDance ropes in GroupM’s Sameer Singh as India vice president

In GroupM, Singh held the position of chief executive officer leading its South Asia operations.

World

Son names noted AI Professor Yutaka Matsuo to SoftBank board

Singapore

People Digest: Validus makes key hires; InfraRed NF names strategy head

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