Samsung Life acquires 25% stake in Savills IM, commits $1b to investment strategies
Samsung Life will have the option to increase its interest in Savills IM by another 10% over the initial term.
Tata buys majority stake in Alibaba-backed Indian online grocer BigBasket
Media reports have said the deal is worth about $1.31b.
India Digest: Oxfordcaps, Cult.Fit in M&A news; Dream11 puts $50m in FanCode
Tata Group is in talks to acquire health and fitness startup Cult.Fit.
Australia’s BetMakers enters race for Tabcorp’s wagering arm with $3.1b bid
The proposal dwarfs separate offers by UK’s Entain and Apollo Management.
China Digest: Haimayun nets $44m; Tiger Global leads Lingxing’s $30m Series B
Source Code Capital and Eastern Bell Capital participated as new investors.
China’s Yingke PE raises nearly $1.6b for new RMB fund, days after closing USD fund
The fund will invest across the spectrum from angel rounds to private placements of listed companies.
JD Logistics soars in Hong Kong debut, valuing it at $36b
The IPO is the second largest in Hong Kong in 2021.
Flourish Ventures spots big promise in SE Asia’s fintech innovation
SE Asia has big markets that can come up with their own fintech innovation, said Tilman Ehrbec.