Southeast Asia is a region in Southeast Asia.
Indonesia
Singapore\sMalaysia
Vietnam\sThailand
Philippines
Myanmar
India
Greater China is a term used to describe a
Asia’s rest
World
Internet Economy & E-Commerce
Technology
Infrastructure and Real Estate
Services in the Financial Sector
Infrastructure for Social Development
Pine Labs, a venture capital firm based in India, has raised $600 million in funding from Fidelity, BlackRock, and other investors.
Pine Labs has a market capitalization of $3 billion.
Just Arrived
Trending
Pine Labs obtains $600 million in capital from Fidelity, BlackRock, and other investors in India. Emtek Group is in talks to merge with Grab. After raising the stakes in Indonesia,
Warburg-backed ESR increases the size of Japan Logistics Fund III to $1.35 billion.
Data Vantage: As the digital banking race rages on the Alibaba-backed Vietnamese retailer, Voyager and YouTrip raise their game. After raising financing, CrownX plots a road to profitability.
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Malaysia’s iMedia has purchased a 100 percent share in Favful, a beauty e-commerce site.
Bank Jago is preparing to introduce services on the Gojek platform in Indonesia.
Tanglin Venture Partners, a Singapore-based venture capital firm, expects to conclude its second fund in the third quarter for $100 million.
Mekong Capital, a Vietnam-based private equity firm, has invested in HSV Group, a cosmetics store.
Telecom executives from other countries are not allowed to leave Myanmar without the authorization of the military regime.
Deals After raising stakes, Emtek Group is in talks to join forces with Grab Indonesia.
The prospect of putting Emtek’s Vidio app on the Grab platform is currently being discussed.
Deals ESR, which is backed by Warburg, has increased the size of Japan Logistics Fund III to $1.35 billion.
Over time, the growth will raise Fund III’s overall investment capacity to $4.2 billion.
As the digital banking race heats up, Voyager and YouTrip raise the bar.
This episode focuses on Southeast Asia’s prospective challenger banks, which are still raking in cash.
Analysis
Vietnamese retailer backed by Alibaba After raising financing, CrownX plots a road to profitability.
Masan, the parent company, is working to improve its omnichannel strategy and is placing a large bet on e-groceries.
Temasek and HPS Investment have sold their shares in US solar company Cypress Creek Renewables to EQT.
EQT, a Swedish private equity firm, will buy Cypress Creek as part of its fifth infrastructure fund.
Deals
Freetech, a Chinese autonomous driving startup, has raised more than $100 million in a Series A financing.
China Internet Investment Fund led the round.
Deals Westpac will sell its New Zealand life insurance subsidiary to Fidelity Life for $281 million.
The Australian bank is concentrating on core banking.
Markets & Initial Public Offerings
According to a source, Chinese regulators advised Didi to postpone its IPO in the United States.
Authorities demanded that DiDi do a network security audit.
Deals AIA Vietnam signs a 10-year collaboration agreement with Tiki, an online marketplace.
Tiki users will be able to purchase life and health insurance from AIA Vietnam./n
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