With an eye on global prize, SG data intelligence firm Near inches closer to unicorn status
Near is in talks to raise fresh capital to bankroll its global ambitions.
IFC proposes $25m investment in Jungle Ventures’s fourth fund
The Singapore VC firm targets to raise $300 million for its latest fund.
Sea Group, Alfamart said to be in talks to invest in Indonesia’s Bank Aladin Syariah
Bank Aladin Syariah was listed on IDX in February 2021.
Alibaba ‘rectification’ marks slowdown of China’s internet economy
Leading platform operators are expected to turn increasingly toward business services for growth.
Indian edtech unicorn Byju’s in talks to raise $150m from UBS
Byju’s raised $460 million in its Series F funding round last month at a valuation of over $13 billion.
China’s Kelun Biotech nets over $77m funding led by CMC-SDIC Capital
IDG Capital, Hillhouse Capital, Lilly Asia Ventures, among others joined the round.
India: CCI okays Tata Group’s acquisition of online grocery platform BigBasket
The Tata group has proposed to acquire more than 60 per cent stake in BigBasket.
Bilibili, others to invest $110m in HK-listed mobile game publisher CMGE
The deal would see Bilibili acquire a 7.15% stake in CMGE.