China’s market regulator asks Alibaba-backed Nice Tuan to suspend ops
It has also fined Nice Tuan $235,302 for failing to take action over product dumping practices and pricing fraud.
India: PharmEasy ropes in two i-bankers for India IPO
PharmEasy appointed JM Financial and Kotak Investment Banking for its IPO. A foreign bank may also be hired.
Foxconn in talks to buy stake in Malaysian tech firm DNeX
Foxconn is seeking a minority stake to help the group expand its chipmaker unit SilTerra Malaysia.
IFC mulls up to $200m loan for China’s COVID-19 vaccine maker Fosun Pharma
Fosun announced plans of setting a JV with German vaccine developer BioNTech recently.
Asia Digest: Australia’s CBA invests in Amber, Pakistan’s HBL backs fintech firm Finja
BeeNext, Vostok Emerging Finance, Quona Capital, and ICU Ventures are investors in Finja.
Indonesia’s e-commerce unicorn Bukalapak files for domestic IPO
An IPO on the local bourse is likely to be a precursor to a US listing.
India: Engineering firm Onward Tech to raise $9.6m from PE investor Convergent Finance
The fresh funds will help the company strengthen its presence in India, USA and Europe.
Fosun leads funding in Yunphant Blockchain and 10 more updates from Greater China
We have put together a table listing out major VC deals in Greater China from May 26-27, 2021.