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).
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.
Resiliency, innovation to help firms emerge stronger from pandemic: Suyi Kim, CPP Investments
India continues to remain a critical market for the Canadian pension fund, she said.
SIG leads $70m Series C round for Chinese auto marketplace YIAUTO
Existing backers BlueRun Ventures, Sky9 Capital, GGV and K2 Venture re-upped in the new round.
Indonesia’s Populix raises $1.2m in Intudo Ventures-led round and other SE Asia deals
DealStreetAsia has put together a table listing out prominent VC transactions in SE Asia this week.
New COVID wave may delay Indian govt’s divestment schedule for FY22
Privatisation of Bharat Petroleum Corporation and Air India was earlier slated to be completed in the first half of FY22.