China’s Didi flags IPO share price at top of range or above
At the top of the range, the IPO would raise $4.03 billion which would value Didi at $67.2 billion.
AIA to acquire 25% stake in China Post Life Insurance for $1.9b
China Post Life is a subsidiary of China’s postal service operator, China Post Group Co. Ltd.
SG-based fintech firm Fairbanc secures funding and other SE Asia deals
DealStreetAsia has put together a table listing out major VC deals in Southeast Asia this week.
Linklogis, Sunway said to jointly seek Malaysia digital bank licence
Sunway will hold a majority stake in the venture.
TP ICAP to launch crypto trading platform with Fidelity, Zodia Custody
Zodia Custody was launched by the venture capital arm of Standard Chartered and Northern Trust in December 2020.
Saudi Telecom Co gets approval for planned IPO of subsidiary
The Capital Market Authority approved an offering of 20%, representing 24 million shares of Solutions by STC.
China’s CDH Investments sub-fund raises $310m for data centre vehicle
The fund, initiated in April last year, marks China’s first yuan fund focused on data centres.
India: 9Unicorns announces fourth close of accelerator fund at $50m
9Unicorns has already committed investments in 59 odd startups.