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General Atlantic-backed KFintech Buys 17% In Indian Insurtech Startup Artivatic.ai
American private equity firm General Atlantic-backed registrar and transfer agency, KFin Technologies, on Tuesday said that it has acquired a 17% stake for an undisclosed amount in insurtech startup Artivatic.ai.
by DealStreetAsia
2021-05-12
2021-05-12
Flipkart To Buy Travel And Hotel Booking Platform Cleartrip
Flipkart Group is close to buying travel and hotel booking platform Cleartrip in a distress sale, three people aware of the matter said, as the Walmart-owned e-commerce giant strengthens its operations in the hospitality segment.
by DealStreetAsia
2021-04-14
2021-04-14
China's Alibaba Shrugs Off $2.75b Antitrust Fine, Shares Rally
Alibaba Group Holding Ltd does not expect any material impact from the antitrust crackdown in China that will push it to overhaul how it deals with merchants, its CEO said on Monday, after regulators fined the e-commerce giant $2.75 billion for abusing market dominance.
by DealStreetAsia
2021-04-13
2021-04-13
Grab Set To List In The US Through US$35B SPAC Merger
Southeast Asian ride-hailing giant Grab is set to go public on the New York Stock Exchange through a US$35 billion merger with Altimeter Capital, a special purpose acquisition company (SPAC), the Financial Times (FT) has reported.
by e27.co
2021-04-09
2021-04-09
Indian Foodtech Giant Swiggy Nears $800M Fund Raise In Series J Round
Indian foodtech major, Swiggy is in the final stages to close $800 million in funding, in its Series J round of financing, with investors Falcon Edge Capital, Amansa Capital, Think Investments, Carmignac and Goldman Sachs joining as new investors, according to an internal memo sent by company founder Sriharsha Majety to employees.
by DealStreetAsia
2021-04-07
2021-04-07
China Evergrande To Raise $2B In Pre-IPO For Property, Car Marketplace Unit
China Evergrande Group on Monday said it will sell 10% of its online real estate and automobile marketplace, Fangchebao (FCB), to 17 investors for HK$16.35 billion ($2.10 billion), in fundraising ahead of the unit’s initial public offering (IPO).
by Deal Street Asia
2021-03-29
2021-03-29
Indian Byju’s In Talks To Raise Up To $700M At Nearly $15B Valuation
Byju’s is in advanced talks to raise $600-700 million at a valuation of nearly $15 billion, two people familiar with the development said, closing in on India’s most valuable startup Paytm which is worth $16 billion.
by DealStreetAsia
2021-03-26
2021-03-26
ByteDance Gaming Unit Agrees to Acquire Mobile Legends Developer Moonton
ByteDance said on Monday that its gaming subsidiary Nuverse has signed an agreement to acquire Moonton, a Shanghai-based mobile game developer focusing on overseas markets, in the latest demonstration of the TikTok owner’s commitment to the competitive but lucrative gaming business.
by caixinglobal
2021-03-26
2021-03-26
Baidu Launches New Apollo Park In Guangzhou To Boost Self-Driving Ambition
Baidu, the Chinese search engine giant, has put into operation its second Apollo Park, an industrial complex that the company said could provide a boost to its ongoing efforts to commercialize its smart transportation technologies and build on its increasing focus on artificial intelligence.
by caixinglobal
2021-03-10
2021-03-10
Hong Kong Listed Meitu Invests $40 Million in Cryptocurrency
Chinese image beautification app maker Meitu has made a major investment in cryptocurrencies in the hope of reducing its exposure to holding cash. The move comes as the firm looks to enter the blockchain industry.
by caixinglobal
2021-03-10
2021-03-10
Chinese Ride-Sharing Giant Didi Plans Entry Into Europe
Chinese ride-hailing giant Didi Chuxing Technology Co. plans to make its debut in Western Europe, people familiar with the matter said, as the company seeks new growth markets ahead of a long-awaited initial public offering.
by caixinglobal
2021-02-25
2021-02-25
Grab Receives Funding From South Korean Retailer Shinsegae Group’s VC Arm
“Signet Partners, Shinsegae Group’s corporate venture capital firm, announced Tuesday that it had made an investment in the Singapore-based ride-hailing and food delivery app Grab,” reported The Korea Herald.
by techinasia
2021-02-19
2021-02-19
Shopee Expands Logistics Services In Malaysia To Offer Next-day Delivery
Shopee said it has expanded its logistics infrastructure in Malaysia and is set to introduce next-day delivery for Shopee Mart items in Peninsular Malaysia via its integrated shipping service Shopee Xpress.
by techinasia
2021-02-19
2021-02-19
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