Visual of iphone from the Apple website. September 2015

Force field: Apple’s pressure-based screens promise a world beyond cold glass


By adding a more realistic sense of touch to its iPhone, Apple Inc may have conquered a technology that has long promised to take us beyond merely feeling the cold glass of our mobile device screens. In its latest iPhones, Apple is expected to include what it calls Force Touch, allowing… Read more »

Instagram ads go global, open to small businesses

Instagram, the popular photo sharing app, has favoured growth over revenue since it began. After acquiring it three years ago, Facebook let it continue as an ad-free platform. This changed today, when Instagram said that businesses can now create ads that last 30 seconds, double of the previous limit, and… Read more »

500 Startups raises $85m for its third VC fund

Silicon Valley-based 500 Startups, an early-stage seed fund and startup acclerator, has raised $85 million for its third global fund, 15 per cent short of its original target, according to a report in Wall Street Journal. The company has closed the third fund at this amount. The partners in the… Read more »

Singapore’s GIC & Changi Airport, Malaysia Airports, among suitors for France’s Nice and Lyon airports

Bidders are queuing up for the privatisation of France’s Nice Cote d’Azur and Lyon-Saint-Exupery airports, four sources familiar with the matter said, hoping to land growing returns on the back of rising air traffic. The sale of France’s 60 per cent stakes in two of the country’s busiest airports offers… Read more »

Tesco sells South Korean arm to Temasek backed PE consortium for $6.1b

Tesco is selling its South Korean arm to a group led by private equity firm MBK Partners for $6.1 billion (4 billion Pounds), it said on Monday, as the British supermarket retreats from foreign markets to focus on reviving its troubled domestic business. The sale of Homeplus, its largest overseas asset,… Read more »

MBK led consortium, backed by Temasek, nears $7b South Korea deal

A consortium of investors, led by MBK, South Korea’s biggest private equity fund, which also includes Singapore state fund Temasek Holdings, have emerged as the preferred bidder for the South Korea arm of British supermarket operator Tesco PLC, in a deal worth between $6 billion to $7 billion, multiple media reports… Read more »

Realty advisory firms Cushman & Wakefield, DTZ complete merger process

Cushman & Wakefield and DTZ have completed the merger process, making it one of the largest real estate advisories in the country, the former said on Wednesday. The merger has been under way for more than two months now. The new company will operate under the Cushman & Wakefield brand… Read more »

Savills IM acquires SEB Asset Management

 International real estate investment manager Savills Investment Management (Savills IM) has completed the acquisition of SEB Asset Management AG (SEBAM), which was announced in March 2015. Savills IM has also established a partnership with SEB Group to provide real estate services  to institutional and wealth management clients of the SEB… Read more »

Baring Asia acquires 40% stake in Weetabix

Hong Kong-based Baring Private Equity Asia (Baring Asia) has acquired a 40 per cent stake in the UK-based manufacturer of cereals and cereal bars, Weetabix Food Company (Weetabix). Financial terms of the transaction were undisclosed. Commenting on the investment, Giles Turrell, CEO, Weetabix, said, “We are an established leader in the UK breakfast cereal… Read more »

China’s Appcoach raises $10m Series A round led by Yonghua Capital

China-based mobile advertising platform Appcoach has garnered $10 million in series A funding from a team of investors led by Yonghua Capital, the company announced in a press statement on Tuesday. Appcoach will use the funds to boost and expand its international reach, with a focus on markets in the… Read more »