Indonesian unicorn Bukalapak poised for first-mover advantage in market debut
Bukalapak is targeting a mid-year IDX IPO, making it the region’s first listed unicorn of its generation.
Tencent makes $40m debt investment in Indian music streaming app Gaana
Gaana had last raised $50-million debt from Tencent in August last year.
Malaysia’s Bintang Capital seeks to raise $72m for new vehicle by Sept-end
It is one of the fund managers participating in the state-backed Penjana Nasional Fund initiative.
Japan’s Chikyoren hires Barings, Mitsui Real Estate for alternatives mandate
Chikyoren is the country’s second-largest pension fund.
Japan’s SoftBank shrinks robotics business, stops Pepper production
Pepper was meant to help plug labour shortages but struggled to find a global customer base.
India: Sebi’s new proposal may spark flurry of ‘take private’ M&As
The paper lays down an easier path towards delisting after an acquisition triggers an open offer.
Chinese grocery app Dingdong slashes US IPO target by over 70%
The SoftBank-backed firm is now looking to raise up to $94.4 million.
London-based Hedosophia backs Indonesia’s BukuKas in first SE Asia investment
Hedosophia was the lead investor for BukuKas’s $50 million Series B round announced in May.