China’s Qiming Venture Partners sets up $500m fund to invest in listed firms: Report
Springhill Fund will primarily invest in Chinese healthcare companies listed outside the mainland.
Foxconn ties up with Thailand’s PTT to make electric vehicles
Foxconn has expanded its activities in EVs, announcing deals with Byton, Geely and Stellantis.
Mingdutech nets over $47m and 16 more deal updates from Greater China
We have also put together a table listing major VC deals in Greater China from May 28-31, 2021.
Chinese investment firm V-Capital secures $235m for new RMB fund
The fund attracted commitments from government-led industry funds and state-backed conglomerates.
Australian property firm PEXA prepares for domestic IPO after rejecting KKR bid
An underwriting agreement for the IPO has been signed, implying an enterprise value of $2.55b for PEXA.
Malaysia’s Axiata ties up with RHB Bank to apply for digital bank licence
Across Asia, regulators are opening up banking for digital players.
Sequoia China, Yunfeng Capital lead $228m round in Chinese rice brand Shiyue Daotian
Shiyue Daotian said its GMV increased at a CAGR of 60% between 2017 and 2020.
Indian unicorn Infra.Market picks majority stake in Sociam Equipment
Sociam Equipment, which owns the brand Equiphunt, is a construction equipment rental and equipment auction platform.