Chinese internet giant Alibaba deepens Malaysia presence with office in KL

Deepening its ties with Malaysia, Chinese internet giant Alibaba Group Holding has set up its office in Kuala Lumpur on Monday, marked by a launch by executive chairman Jack Ma. In a statement, Alibaba said the new office was part of its effort towards strategic cooperation with Malaysia, where it has also established the first Electronic World ...

Uber will hold majority stake in any deal it does, says COO Barney Harford

Uber Technologies Inc. is considering both internal and external candidates for the role of India head for the company as it dismissed rumours of an imminent merger with arch-rival Ola (ANI Technologies Pvt. Ltd). Late last month, Uber promoted Amit Jain, who headed its India unit, to lead its entire Asia Pacific business. Jain will oversee ...

SGX-listed Ho Bee Land acquires London office asset for $861m

In a big-ticket cross-border real estate deal, Singapore Mainboard-listed Ho Bee Land Limited , engaged in property development and investment, has announced the acquisition of Frasia Properties S.à.r.l (FPS), owner of an office asset in London, for £650 million ($861.5 million). The property acquired is a 21-storey office building in London, ...

Record PE vehicles make fundraising challenging for smaller managers: Chris Leahy, Blackpeak

With private equity fighting rising deal valuations, and with record dry powder chasing too few attractive deals, Chris Leahy, co-founder of Blackpeak (Holdings), is of the view that vintages of PE funds maturing in the next five years are set to be much more challenging than the previous 5-7 years, during which a lot of more financial engineering ...

Singapore’s Sea raises $575m in convertible notes on back of strong demand

On the back of strong demand from investors, New-York-listed Sea Limited announced the completion of its convertible notes offering at $575 million, after exercising the 15 per cent greenshoe option, said the company in a statement. The size of the offering was increased from the initial $400m to $500m, and now with the exercise of the full ...

SG Digest:Tribe Theory enters Indonesia, India; Gordian Capital opens Shanghai office

Singapore-based firms Gordian Capital and Tribe Theory are expanding across the region, with the asset management firm entering Shanghai and the hotels-for-startup operator expanding into Indonesia and India. REAPRA-backed Tribe Theory enters Indonesia, India Tribe Theory , a REAPRA -backed operator of global hostels and hotel brands for startups ...

SG Dealbook: Allied Tech raises $18.6m; Gloria Mansion on sale for $58m

Singapore’s Allied Technologies has raised $18.6 million through a private placement to four investors while Gloria Mansion at Pasir Panjang Road is put up for an en bloc sale for $58.4 million. Allied Tech raises $18.6m in private placement Manufacturing services provider Allied Technlogies Ltd on Monday raised S$25.2 million ($18.6 million) by ...

What does Turkey’s currency dip mean for local startups?

In recent news, Turkey’s lira has marked a record-breaking plunge. At the time of writing, the Turkish lira is now down to TL 4.57 against the dollar, losing more than a fifth of its value this year, according to BCC. No economic data have clearly justified the Lira’s depreciation; however, a Business Times source cited that the decline was ...

Chinese mobile internet company to boost its presence in the MENA region following a Series A round

OneMena, a China-based mobile internet company, has recently raised a Series A financing round led by IDG Capital and Kuaishou, the latter is one of China's largest short-form video streaming platforms. Prior to this round, the company had completed a Seed round where it got funding from Sequoia Capital. Together, both rounds have secured $20 ...

Ureed partners with Altibbi to provide medical and health content online

Editing and linguistic startup Ureed has recently signed a strategic partnership agreement with medical website Altibbi to produce medical and health articles. The one-year agreement stipulates producing around 12,000 articles until the end of 2018, 2,000 of which were already written so far. Ureed produces the medical blogs with content covering ...
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