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
VC (Venture Capital) is a
Educa, a Vietnamese edtech startup, has received further funding from China’s eWTP.
In Vietnam, Educa claims to have serviced over 500,000 students.
Just Arrived
Trending
Educa, a Vietnamese edtech startup, has received further funding from China’s eWTP.
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.
CMC Capital backs Maycur, a SaaS company; Jijia earns $28 million in China Digest
Indonesia’s MNC Group wants to use its television viewers to promote a new digital banking business.
iMedia, a Malaysian company, has acquired a 100 percent share in Favful, a beauty e-commerce platform. Tanglin Venture Partners, a Singapore-based venture capital firm, expects to conclude its second fund in Q3 for $100 million.
The COVID-19 controversy has caused a drop in startup valuations in Vietnam.
Emtek, a supporter of Bukalapak, is in talks to invest in Bank of India Indonesia.
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.
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 approximately 400 million yuan ($62 million).
Regulations & Policy
China has launched a cyber-investigation into Zhipin, Huochebang, and Yunmanman.
The announcement came a day after the CAC ordered Didi’s app downloads to be suspended.
Deals
Toshiba must make “prompt, suitable” 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./n
Read More
