Southeast Asia is a region in Southeast Asia.
Indonesia
Singapore\sMalaysia
Vietnam\sThailand
Philippines
Myanmar
India
Greater China is a term used to describe a
Asia’s rest
World
Internet Economy & E-Commerce
Technology
Infrastructure and Real Estate
Services in the Financial Sector
Infrastructure for Social Development
Tiger Global, a venture capital firm, has led a $144 million investment in DealShare, an Indian social e-commerce platform.
WestBridge Capital, Alpha Wave Incubation, and Z3Partners led the round.
Just Arrived
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DealShare People Digest: TVM Capital Healthcare and HSBC Asset Management make top hires DealShare People Digest: Tiger Global leads $144 million round in Indian social e-commerce startup DealShare People Digest: Tiger Global leads $144 million round in Indian social e-commerce startup DealShare People Digest: Tiger Global leads $144 million round in Indian
Nium, financed by Temasek, will buy Wirecard’s India operations.
Singapore Airlines is aiming for regional domination while its competitors retreat.
More Stories: China Digest: dMed-Clinipace receives $50 million; IDG Capital backs Femooi
Bukalapak, an Indonesian company, has raised its IPO aim to above $1 billion due to high demand.
Insignia Ventures Partners is looking to establish a third fund, with a target of $250 million.
After raising stakes, Emtek Group is in talks to join forces with Grab Indonesia.
Thai Union, CJ CheilJedang, and VisVires New Protein are among the investors in Aleph Farms’ $105 million funding round.
Bank Jago is preparing to introduce services on the Gojek platform in Indonesia.
TVM Capital Healthcare and HSBC Asset Management have made top appointments, according to People People Digest.
Farid Fezoua has been designated managing partner of TVM Capital Healthcare.
Nium, financed by Temasek, has agreed to buy Wirecard’s India operations.
Nium’s introduction into the Indian market is also marked by this agreement.
Deals
Singapore Airlines is aiming for regional domination while its competitors retreat.
Rivals like Thai Airways and Garuda Indonesia, which have received little government help, are envious of SIA’s financial reserves.
dMed-Clinipace receives $50 million in venture capital; IDG Capital backs Femooi
Femooi, a Chinese CRO, and dMed-Clinipace, a maker of beauty gear, have obtained further investment.
Regulations & Policy
China claims that the penalties imposed on Ant will be applied to other payment companies.
Ant’s Alipay and Tencent’s WeChat Pay dominate China’s online payment ecosystem.
Hefu-Noodle, a Chinese restaurant company, has raised $124 million in a Series E financing led by private equity firm CMC Capital.
Hefu-Noodle had previously raised 450 million yuan in a Series D transaction, which ended in November 2020.
Markets & Initial Public Offerings
Following Beijing’s crackdown, Chinese medical data firm LinkDoc has canceled its planned IPO in the United States.
It is the first known Chinese company to postpone an IPO since the crackdown began last week.
Deals
Telenor sells its Myanmar assets to M1 Group for $105 million.
Telenor booked a loss of $752 million Norwegian crowns in May when it wrote off the value of its Myanmar operation.
After acquiring GoPay, AirAsia’s fintech business BigPay will join the Thai market.
While GoPay’s operations in Thailand come to an end, both parties will work with the Bank of Thailand to guarantee a smooth transition./n
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