Unicorns

Singapore’s Trax acquires US-based retail rewards app Shopkick

Trax is also in advanced talks to buy a European competitor.

Venture Capital

Indonesian P2P lender KoinWorks closes $12m Series B funding round

The fintech startup's latest financing was co-led by EV Growth Fund and Quona Capital.

People

Alibaba Cloud chief scientist Min Wanli quits, starts new VC firm

The fund, named North Summit Capital, reportedly received at least $100 million in commitments from various investors.

Venture Capital

Lightspeed bags additional $311m for third late-stage fund

Deals

Myanmar’s Irrawaddy Green Towers on the block as PE investors seek exit

Private Equity

China/HK

Institutional real estate in Asia is maturing, says AEW Capital’s APAC chief

The region has been attracting both returns- and diversification-oriented investors.

India

Piramal Group in talks with SoftBank, GIC to raise up to $750m

The development comes at a times when concerns are being raised on the company's liquidity situation.

Singapore

Sinopharm, Cedarlake and SG’s Novena form $150m SE Asia healthcare fund

Sinopharm and Cedarlake have also invested $20 million in Singapore healthcare firm Novena Global.

Venture Capital

Indonesia

Indonesian P2P lender KoinWorks closes $12m Series B funding round

The fintech startup's latest financing was co-led by EV Growth Fund and Quona Capital.

Singapore

Temasek co-leads $130m Series E in US-based lending platform Blend

8VC, Founders Fund, Greylock Partners, and Lightspeed Venture Partners also joined the round.

World

Lightspeed bags additional $311m for third late-stage fund

Lightspeed raised the additional capital almost one year after announcing a final close for the vehicle at $1.05 billion.

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Unicorns

Singapore

Singapore’s Trax acquires US-based retail rewards app Shopkick

Trax is also in advanced talks to buy a European competitor.

India

India’s OYO in talks to set up hospitality property fund: Report

Indonesia

Indonesia digest: Traveloka rolls out Xperience; Grab trials cancellation fee in two cities

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Q & A

Singapore

See strong pipeline for Series B opportunities in two years, says Golden Gate’s Michael Lints

Vietnam

SBI-backed Vietnamese e-commerce firm Sendo looks beyond top-tier cities for growth

Vietnam

Canadian investor Valhalla raising new fund to back female founders in SE Asia

India

Only way to predictably drive exits is to build IPO-worthy firms: Blume Ventures’ Reddy

Deals

India

India: Facebook invests $25m in social commerce startup Meesho: Report

The startup has so far raised over $65 million in funding.

India

India Dealbook: TCS raises stake in Japanese JV; Affle acquires RevX Inc

TCS is raising its stake in Japanese JV with Mitsubishi Corporation to 66 per cent.

India

India: IIFL AMC fund invests $10m in eye care chain Infigo Lifesciences

The fund plans to make the investment in several tranches.

IPOs and Markets

India

India: Tata unit to build Zara-like extreme fast fashion empire but at cheaper price

For nearly a decade, Tata Group has been Inditex SA’s partner running Zara stores in India.

India

Indian e-commerce giant Flipkart eyes US listing by 2022: Report

Flipkart's IPO in the US market is likely to pave the exit for Walmart.

China/HK

Chinese conglomerate Dalian Wanda mulls Singapore REIT listing: WSJ

The Singapore IPO could value the unspecified collection of properties, which would be structured as a REIT, at more than $1 billion.

Analysis

Singapore

China trails Japan in Southeast Asia infrastructure race

Japanese-backed projects in Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam are valued at $367 billion.

India

Investors may tread cautiously as debt levels soar for Indian road developers

India

How SoftBank’s mega funding rounds created an exclusive club of Indian startups

More Stories

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

Opinion

India

It’s time for Jet Airways lenders to accept the airlines is dead

Singapore

Editor’s take: The week that was – June 17-21

Singapore

Editor’s take: The week that was – June 10-14

Vietnam

Telecom giant Viettel enters ride-hailing, to face regional decacorns in Vietnam

Policy & Regulations

China/HK

US adds five Chinese tech companies to export blacklist

The move follows a similar blacklisting of Chinese telecommunications giant Huawei Technologies last month.

World

Walmart to pay $282m to settle seven-year global corruption probe

Walmart subsidiaries in Mexico, India, Brazil and China hired third-party intermediaries and allowed them to make improper payments to government offi

India

IL&FS auditors BSR, Deloitte being probed by six investigative agencies

The nine-month probe by SFIO has resulted in an 800-page chargesheet against 30 entities.

People

China/HK

Alibaba Cloud chief scientist Min Wanli quits, starts new VC firm

The fund, named North Summit Capital, reportedly received at least $100 million in commitments from various investors.

China/HK

People Digest: Aberdeen appoints Jason Nyilas for Australia role; JLL names HK MD

Rest of Asia

Foxconn chairman Terry Gou hands over reins ahead of presidential bid

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