Southeast Asia is a region in Southeast Asia.
Indonesia
Singapore\sMalaysia
Vietnam\sThailand
Philippines
Myanmar
India
Greater China is a term used to describe a
Asia’s rest
World
Internet Economy & E-Commerce
Technology
Infrastructure and Real Estate
Services in the Financial Sector
Infrastructure for Social Development
CMC Capital invests in Maycur, a SaaS company, and Jijia makes a $28 million profit.
Maycur’s Series B round of funding has so far raised approximately 400 million yuan ($62 million).
Just Arrived
Trending
CMC Capital invests in Maycur, a SaaS company, and Jijia earns $28 million.
China has launched a cyber-investigation into Zhipin, Huochebang, and Yunmanman.
Toshiba must make “prompt, suitable” disclosures, according to the Tokyo Stock Exchange.
Didi, a Chinese ride-hailing company, claims that the removal of the app will affect revenue.
Tabcorp will split off its Lotteries & Keno division into a publicly traded company.
More Accounts
Indonesia’s MNC Group wants to use its television viewers to promote a new digital banking business.
The COVID-19 controversy has caused a drop in startup valuations in Vietnam.
Emtek, a supporter of Bukalapak, is in talks to invest in Bank of India. Indonesia
Tanglin Venture Partners, a Singapore-based venture capital firm, expects to conclude its second fund in the third quarter for $100 million.
Malaysia’s iMedia has purchased a 100 percent share in Favful, a beauty e-commerce site.
Regulations & Policy
China has launched a cyber-investigation into Zhipin, Huochebang, and Yunmanman.
The announcement came a day after the CAC ordered Didi’s app downloads to be suspended.
Deals
Toshiba must make “prompt, suitable” disclosures, according to the Tokyo Stock Exchange.
“At Toshiba, the main concern is a lack of transparency,” Hiromi Yamaji stated in an interview.
Didi, China’s ride-hailing company, believes the removal of its app could affect revenue.
Didi reported $6.5 billion in revenue for the three months ending March 31 in a June filing.
Tabcorp will split off its Lotteries & Keno division into a publicly traded company.
Lotteries & Keno (L&K) and Wagering & Media (W&M) will be created as a result of the demerger (W&M).
Tanglin Venture Partners, a Singapore venture capital firm, expects to conclude its second fund in the third quarter for $100 million.
So far, funds and family offices based in the United States and Southeast Asia have invested in the second fund.
According to Koichi Saito, founder of Venture Capital SG, the KK Fund will launch a third investment vehicle.
The VC hopes to close the new fund’s first round by the end of the year.
Deals IFC proposes a $250 million debt investment in HDFC, India’s mortgage lender.
The financing will be utilized to fund low-cost housing, including green low-cost housing.
Ascendas India Trust is investing $161 million in the first phase of the India data center facility.
The data center campus will be divided into two buildings, the first of which will open in Q2 2024.
As China’s distressed asset opportunities grow, private equity firm DCL expands its USD fund offering.
In 2020, China’s banking sector disposed of 3.02 trillion yuan, gaining more than 50% from the previous year./n
Read More
