SG Digest: ST Telemedia GDC expands to Indonesia; CapitaLand ups IT park stake
ST Telemedia has inked a partnership with Triputra Group and Temasek for the Indonesia entry.
SPACs led by executives at China’s Zhencheng, Tiger Brokers file for US IPOs
TradeUP 88 plans to raise up to $88 million while Fortune Rise Acquisition targets to collect $85 million.
Chinese AI startup MegaRobo raises $65m from Matrix Partners, Sinovation, others
The funding round was led by Hong Kong-listed pharma giant WuXi AppTec.
KKR consortium makes $2.3b bid for Australia’s Link Group-backed PEXA
PEXA is also backed by Morgan Stanley Infrastructure Partners and Commonwealth Bank of Australia.
Samsung Life acquires 25% stake in Savills IM, commits $1b to investment strategies
Samsung Life will have the option to increase its interest in Savills IM by another 10% over the initial term.
Tata buys majority stake in Alibaba-backed Indian online grocer BigBasket
Media reports have said the deal is worth about $1.31b.
India Digest: Oxfordcaps, Cult.Fit in M&A news; Dream11 puts $50m in FanCode
Tata Group is in talks to acquire health and fitness startup Cult.Fit.
China’s “Uber for trucks” Full Truck Alliance files for $1.5b IPO on NYSE
The company is looking at a valuation of $20b.