Japan’s Sumitomo Mitsui to take 5% stake in Philippine bank RCBC
SMFG will invest around 10 billion yen ($90.3 million) for the 5% stake in the Philippine bank.
Baidu-Geely EV venture Jidu hires ex-Cadillac exec to lead design studio
Jidu aims to invest $7.7b into producing smart cars over the next five years.
Krafton’s $5b Korean IPO could be delayed by a fortnight as regulator raises questions
The IPO is set to be South Korea’s biggest ever.
Taiwan’s Fubon Life Insurance commits $65m to Coatue’s growth fund
The fund had previously received a $50 million commitment from Cathay Life Insurance.
Tencent makes $40m debt investment in Indian music streaming app Gaana
Gaana had last raised $50-million debt from Tencent in August last year.
Indian logitech startup GoBOLT raises $20m from Paragon, Aavishkaar Capital
GoBOLT will use the funds to scale up its presence across industries, geographies, business segments.
Leomed bags over $15m and 13 more deal updates from Greater China
We have also put together a table of major VC deals in Greater China from June 25-28, 2021.
People Digest: Apollo names investor relations head; Italo Gani joins East Ventures
Gani has co-founded several startups such as ADSKOM, InboundID and Impactto.