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
Mekong Capital, a Vietnam-focused private equity fund, has invested in HSV Group, a cosmetics retailer.
Under various banners, the HSV Group runs 105 outlets across the country.
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Mekong Capital, a Vietnam-focused private equity fund, has invested in HSV Group KKR, a cosmetics retailer, to acquire seven motorway assets in India from GIP, a US-based company.
Freetech, a Chinese autonomous driving startup, has raised more than $100 million in a Series A financing.
Digest on China: CMC Capital invests in Maycur, a SaaS company, and Jijia makes a $28 million profit.
China has launched a cyber-investigation into Zhipin, Huochebang, and Yunmanman.
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Indonesia’s MNC Group wants to use its television viewers to promote a new digital banking business.
In the wake of the COVID-19 controversy, Malaysia’s iMedia has acquired a 100 percent share in Favful, a beauty e-commerce site.
Tanglin Venture Partners, a Singapore-based venture capital firm, expects to close its second fund in the third quarter for $100 million.
Emtek, a supporter of Bukalapak, is in talks to invest in Bank of India Indonesia.
KKR has agreed to buy seven motorway assets in India from GIP, a company located in the United States.
GIP’s stake in highway concessions platform Highway Concessions One will be acquired by KKR.
Deals
Freetech, a Chinese autonomous driving startup, has raised more than $100 million in a Series A financing.
China Internet Investment Fund is the lead investor in the round.
CMC Capital invests in Maycur, a SaaS company, and Jijia makes a $28 million profit.
Maycur’s Series B round of funding has so far raised over 400 million yuan ($62 million).
Regulations & Policy
China has launched a cyber-investigation into Zhipin, Huochebang, and Yunmanman.
The announcement comes a day after the CAC ordered Didi’s app downloads to be suspended.
Deals
Toshiba must make “prompt, appropriate” disclosures, according to the Tokyo Stock Exchange.
“At Toshiba, the main concern is a lack of transparency,” Hiromi Yamaji stated in an interview.
Didi, China’s ride-hailing company, believes the removal of its app could affect revenue.
Didi reported $6.5 billion in revenue for the three months ending March 31 in a June filing.
Tabcorp will split off its Lotteries & Keno division into a publicly traded company.
Lotteries & Keno (L&K) and Wagering & Media (W&M) will be created as a result of the demerger (W&M).
Tanglin Venture Partners, a Singapore venture capital firm, expects to conclude its second fund in the third quarter for $100 million.
So far, funds and family offices based in the United States and Southeast Asia have invested in the second fund.
According to Koichi Saito, founder of Venture Capital SG, the KK Fund will launch a third investment vehicle.
The VC hopes to close the new fund’s first round by the end of the year./n
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