Chinese food companies Qiaqia, Juewei partner to set up $170m F&B fund
The fund will back restaurant chains, makers of snacks, condiments, pet food, among others.
Asia Digest: Carlyle, Pacific Equity abandon bid for Link; Quadrant partially exits Peter Warren
Link Administration rejected the offer saying the valuation was too low.
China’s Ant-backed MYBank plans to expand rural ops
MYBank aims to serve 2,000 rural Chinese counties by 2025.
Alibaba freezes pay hikes for senior execs amid China’s big-tech crackdown
Alibaba usually decides pay rises for most individuals in April.
India: E-commerce logistics startup ElasticRun raises $75m from existing investors
Avataar Ventures and Prosus Ventures co-anchored the Series D funding round.
UBS seeks to boost stake in securities JV in China, says CEO
The move comes in as the world’s biggest wealth manager looks to Asia for growth.
China’s Juneyao Air sets up investment firm, to bid for HNA Group’s assets
The investment firm will be capitalised at a maximum $4.64b.
China Digest: Zonsen Biotech bags $34m; 6cloud raises $23m
CDH Wealth Management led the funding in Zonsen Biotech.