Bilibili, others to invest $110m in HK-listed mobile game publisher CMGE
The deal would see Bilibili acquire a 7.15% stake in CMGE.
Russia’s Yandex to acquire Acropol bank to develop financial services
Yandex said it had bought Acropol to obtain a banking licence.
SG’s GIC leads $55m funding round in Brazilian fintech startup Warren
Existing investors such as Ribbit, Kaszek and Quartz also participated in this new round.
Warburg-backed Hygeia acquires 98% in Suzhou Yongding Hospital for $268m
Private equity major Warburg Pincus holds a 13.79% stake in Hygeia.
Huawei deepens dive into EVs, seeks control of small automaker
Huawei is in talks to acquire a controlling stake in Chongqing Jinkang New Energy Automobile.
After Alibaba fine, China readies Tencent penalty in antitrust crackdown
Tencent should expect a penalty of at least 10 billion yuan ($1.54 billion).
China’s Baidu to launch paid driverless ride-hailing services in Beijing
The company has been testing autonomous driving on public roads since October in Beijing.
People Digest: Top-deck updates from Partners Capital, Malaysia’s PNB & Bank Pembangunan
Partners Capital and Malaysian lenders PNB and Bank Pembangunan have made appointment updates.