Asia

Tesla reportedly made deal to open a manufacturing facility in Shanghai

 Tesla has reportedly made a deal with the government in Shanghai to open up a manufacturing facility in the city’s trade-free zone, the Wall Street Journal reports. Foreign car-makers traditionally partner with local manufacturers, but that wil

Asia

Southeast Asia gaming and e-commerce firm Sea ends first day on NYSE up 8%

 Sea, the gaming and e-commerce company holding the first major U.S. IPO from a Southeast Asian tech firm, had a bumpy start to life on the NYSE after closing the day up around eight percent on its list price of $15. The company raised $884 million fro

Asia

Grab raises $700M in debt to add more drivers to its ride-hailing service in Southeast Asia

 Grab is in the process of raising $2.5 billion for it ride hailing service in Southeast Asia, but that hasn’t stopped the Uber rival from tapping banks for $700 million in debt facilities to develop its business. The Singapore-based company sai

Asia

Southeast Asia’s Sea, formerly Garena, to raise upwards of $884M in US IPO

 Sea, the Singapore-based digital entertainment firm formerly known as Garena, is set to raise upwards of $884 million when it lists on the New York Stock Exchange Friday under ‘SE’. The company, which specializes in publishing games but a

Asia

When $100BN is not enough… Softbank is planning Vision Fund sequels

 Softbank looks to be preparing follow on raises to its first ~$100BN Vision Fund. Speaking to Nikkei today CEO Masayoshi Son said: “The Vision Fund was just the first step, 10 trillion yen is simply not enough…Read More

Asia

Chinese local services giant Meituan-Dianping raises $4B led by Tencent and Priceline

 There’s a huge funding round from one of the top local services companies in China. Meituan-Dianping, a company formed by a multi-billion dollar merger in 2015, said today that it has raised a $4 billion Seres C round from a group of investors

Asia

Credit giant Experian leads $30M investment in India’s BankBazaar

 Indian credit marketplace BankBazaar has pulled in $30 million in fresh funding led by Experian, the London-headquartered credit giant with a £14 billion ($18 billion) market cap. BankBazaar seems to have a penchant for big name backers. Amazon led

Asia

Indiez aims to raise the quality of freelancer platforms

 Indiez is an up-and-coming freelance service that aims to bring a higher standard to a world that is dominated by the likes of Gigster, Upwork and Fiverr by taking a different, team-led approach. There are already plenty of options for developers who

Asia

IBM is using the blockchain to speed up and simplify cross-border payments

 The blockchain has long been seen as a method to quicken (and cheapen) cross-borders payments, and now that movement — which includes a number of startups making moves privately — just got its highest profile advocate after IBM announced

Asia

Vertex Ventures closes new $210M fund for Southeast Asia and India

 Vertex Ventures, one of the VC funds that is linked to Singapore sovereign fund Temasek, has closed its third investment fund for Southeast Asia and India with a total of $210 million for investment. Vertex Venture Holdings operates five funds across

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