After Alibaba fine, China readies Tencent penalty in antitrust crackdown
Tencent should expect a penalty of at least 10 billion yuan ($1.54 billion).
China’s Baidu to launch paid driverless ride-hailing services in Beijing
The company has been testing autonomous driving on public roads since October in Beijing.
People Digest: Top-deck updates from Partners Capital, Malaysia’s PNB & Bank Pembangunan
Partners Capital and Malaysian lenders PNB and Bank Pembangunan have made appointment updates.
SIG leads $70m Series C round for Chinese auto marketplace YIAUTO
Existing backers BlueRun Ventures, Sky9 Capital, GGV and K2 Venture re-upped in the new round.
Indonesia’s Populix raises $1.2m in Intudo Ventures-led round and other SE Asia deals
DealStreetAsia has put together a table listing out prominent VC transactions in SE Asia this week.
New COVID wave may delay Indian govt’s divestment schedule for FY22
Privatisation of Bharat Petroleum Corporation and Air India was earlier slated to be completed in the first half of FY22.
SG’s commodity trader Olam to acquire US spice firm for $950m
Olam International is majority-owned by Singapore state investor Temasek.
Malaysia’s Ekuinas bullish on deal uptick, to realise investments in second fund
It is looking to tap thematic investment opportunities in the fast-growing digital sectors.