ASK invests $27m in Kalpataru’s budget housing project in Pune
This is ASK’s first investment in Kalpataru Group.
French food brand Danone to sell stake in China Mengniu Dairy Company
China Mengniu Dairy has an equity m-cap of around $21.4 billion.
US removes Xiaomi from government blacklist, parties to resolve litigation
Seven other Chinese companies were also placed under similar restrictions.
China Digest: Zenlayer nets $50m; Shunwei leads funding in Mianchao Technology
The investment in Zenlayer was led by Anatole Investment and Prospect Avenue Capital.
SG Digest: Jim Rogers joins Life3 Biotech’s board; Aleta Planet and Fooyo establish JV
Life3 Biotech is the first alternative protein company that Rogers is advising.
SoftBank reports $37b Vision Fund profit on the back of Coupang gains
SoftBank has also hiked its committed capital in the second fund to $30 billion from $10 billion.
Chinese online grocer Dingdong Maicai raises $330m in Vision Fund-led round
Dingdong Maicai has so far raised $1.03 billion in Series D funding.
BlackRock expands China footprint with wealth management licence
A China Construction Bank unit and Singapore state investor Temasek are partners in the venture.