India: Flipkart to buy travel and hotel booking platform Cleartrip
Cleartrip last raised an undisclosed sum from Concur Tech and Gund Investments in 2016.
Italian insurer Generali in talks to buy AXA Malaysia assets worth $358m
The Italian insurer, which is already present in Malaysia, will discuss the deal at a board meeting on Wednesday.
Chinese regulators fine Alibaba-backed browser for false advertising
Earlier, SAMR imposed a record-breaking $2.75 billion fine on Alibaba for penalizing merchants.
Toshiba investor Oasis unimpressed by CVC Capital’s $20b offer
US hedge fund Farallon Capital Management has also asked Toshiba to seek multiple offers.
Learn from Alibaba penalty, China warns internet companies
In February, China issued new anti-monopoly guidelines targeting internet platforms.
China’s revamp of Ant Group dents investor appetite for IPO revival
Last year, Ant’s valuation was touted at $315 billion for its IPO.
Grab inks biggest SPAC merger deal, readies US IPO at $39.6b valuation
The proposed transaction includes a PIPE deal worth over $4 billion.
Indian unicorn Pine Labs buys loss-making SE Asian discounts platform Fave in $45m deal
The announcement confirms DealStreetAsia’s report in November that Fave is scouting for buyers.