Meituan deepened forays into newer arenas from online travel to ride-hailing.
Reasons why asset owners prefer to shift to private equities from public markets
Anil Ambani Group to exit asset management biz, sell shares to Nippon Life
Meituan’s losses narrow; fends off rival Alibaba in food, travel segments
Ride-hailing apps will alter car ownership pattern with new services
Starbucks said to license Thai retail business to Coffee Concepts
Honestbee seeks $14m bridge financing via convertible debt at double-digit interest rates
Temasek unit to raise $598m via private equity bonds
P2P lender Funding Societies said to seek $50m in fresh funding
India: Yes Bank eyes private equity funds to raise confidence capital
Vietnamese vacation rental startup Luxstay bags $4.5m from Korean investors
Uber and Lyft Inc are expected to alter the state of car ownership towards subscription-based services and shared ownership.
Keppel’s UrbanFox Asia has set up a Vietnam entity to tap the country’s growing e-commerce market.
IPOs & Markets
Home Credit plans to file with the HK stock exchange as early as next month and list in September or October.
TVF had raised $5.8 million in its Series C funding round from Tiger Global in July last year.
Luxstay said it expected to close its Series A fundraising in 2019.
Honestbee interim CEO Brian Koo will also be personally backing the bridge loan.
The round brings the startup's total funding to close to $10 million.
Its total adjusted EBITDA losses narrowed to minus $32 million in Q1FY19 compared to minus $144.7 million in Q1FY18.
Ola will focus on cloud kitchens that was launched after Foodpanda bought Holachef in October.
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