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FAZZ Financial Group raises $60m in Series C funding so far from Tiger Global, Insignia and others

FAZZ Financial Group raises $60m in Series C funding so far from Tiger Global, Insignia and others

The company plans to raise a minimum of $100 million in its Series C round.

BNPL seen booming in SE Asia even as model faces testing times in mature markets

BNPL seen booming in SE Asia even as model faces testing times in mature markets

The regulatory landscape for BNPL is yet to evolve in SE Asia.

Geely-backed energy storage firm Corun to invest $168m in Chinese new materials business

Geely-backed energy storage firm Corun to invest $168m in Chinese new materials business

Corun will pick up a 30% stake in Dingsheng, a lithium-ion battery materials developer located in southeastern China's Jiangxi Province.

ERS of Texas commits $50m to KKR’s new Asia infra fund

ERS of Texas commits $50m to KKR’s new Asia infra fund

Indonesian fintech firm Mapan bags $15m in Series A round

Indonesian fintech firm Mapan bags $15m in Series A round

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Private Equity

China’s CDH Investments sells New Zealand's The Better Health Company to Nestle

China’s CDH Investments sells New Zealand's The Better Health Company to Nestle

The exit comes five years after CDH invested in The Better Health Company.

China Digest: Voyagers Capital debuts USD fund; FountainVest closes USD Fund IV at $2.9b

China Digest: Voyagers Capital debuts USD fund; FountainVest closes USD Fund IV at $2.9b

Voyagers Capital was created earlier this month by founding partner Chen Bing

Quadria Capital weighs sale of Vietnam-based FV Hospital for up to $400m: report

Quadria Capital weighs sale of Vietnam-based FV Hospital for up to $400m: report

In 2019, DealStreetAsia reported that FV Hospital was reviewing exit options.

Venture Capital

Indian mortgage lender Shubham raises $112m led by UK's BII, LeapFrog, others

Indian mortgage lender Shubham raises $112m led by UK's BII, LeapFrog, others

ADB and existing investor Premji Invest co-led the round.

India's Arzooo raises $70m from SBI Investment Japan, Doordash founder Tony Xu, others

India's Arzooo raises $70m from SBI Investment Japan, Doordash founder Tony Xu, others

Tony Xu, the founder of Doordash has also invested in the current round, making Arzooo his first India investment.

GL Ventures backs Chinese industrial software firm Semi-Tech's funding rounds

GL Ventures backs Chinese industrial software firm Semi-Tech's funding rounds

Semi-Tech raised $80.6 million across its Series A++ and Series B rounds.

Q & A

Ascend Vietnam Ventures closes debut fund at over $50m

Ascend Vietnam Ventures closes debut fund at over $50m

Fresh from a $70m round, Deliveree looks to expand "war on empty trucks" across Indonesia

Fresh from a $70m round, Deliveree looks to expand "war on empty trucks" across Indonesia

'Born global' startups with a China edge to be the next big thing for VCs: BAI Capital

'Born global' startups with a China edge to be the next big thing for VCs: BAI Capital

Gender not a stumbling block when armed with tenacity to succeed: Lightspeed's Pinn Lawjindakul

Gender not a stumbling block when armed with tenacity to succeed: Lightspeed's Pinn Lawjindakul

Deals

Czech firm PPF seeks to divest consumer lending biz Home Credit in China

Czech firm PPF seeks to divest consumer lending biz Home Credit in China

PPF is also scouting for partners for its Home Credit operations in SE Asia

Geely-backed energy storage firm Corun to invest $168m in Chinese new materials business

Geely-backed energy storage firm Corun to invest $168m in Chinese new materials business

Corun will pick up a 30% stake in Dingsheng, a lithium-ion battery materials developer located in southeastern China's Jiangxi Province.

FAZZ Financial Group raises $60m in Series C funding so far from Tiger Global, Insignia and others

FAZZ Financial Group raises $60m in Series C funding so far from Tiger Global, Insignia and others

The company plans to raise a minimum of $100 million in its Series C round.

Analysis

Hyundai Oilbank makes third listing attempt, gains preliminary nod for IPO

Hyundai Oilbank makes third listing attempt, gains preliminary nod for IPO

Hyundai Oilbank is an affiliate of shipbuilder Hyundai Heavy Industries.

Hillhouse, Tencent-backed snack maker Weilong relaunches $500m HK IPO

Hillhouse, Tencent-backed snack maker Weilong relaunches $500m HK IPO

Weilong may launch the IPO in the second half of 2022.

Thai Life locks in major cornerstone investors for $1b IPO

Thai Life locks in major cornerstone investors for $1b IPO

The IPO will be sold to 18 domestic and international cornerstone investors

Opinion

Vantage Point: Adopting hybrid approach is winning formula for edtech startups in Indonesia

Vantage Point: Adopting hybrid approach is winning formula for edtech startups in Indonesia

Vantage Point: Tech layoffs should be viewed in response to changing business landscape

Vantage Point: Tech layoffs should be viewed in response to changing business landscape

Vantage Point: GoTo bounces back on Q1 numbers, visibility on fundraising and index inclusion

Vantage Point: GoTo bounces back on Q1 numbers, visibility on fundraising and index inclusion

Vantage Point: BliBli’s potential IPO is an interesting proxy for middle-class Indonesia

Vantage Point: BliBli’s potential IPO is an interesting proxy for middle-class Indonesia

Policy and Regulations

US accuses firms in China, Singapore, Vietnam of supporting Russia's military

US accuses firms in China, Singapore, Vietnam of supporting Russia's military

Companies supplied items to Russian "entities of concern", says Commerce Department.

China Evergrande faces winding-up lawsuit for not fulfilling $110m deal obligation

China Evergrande faces winding-up lawsuit for not fulfilling $110m deal obligation

Top Shine Global, an investor in an Evergrande unit , filed the petition.

Crypto broker Voyager Digital issues default notice to Three Arrows Capital

Crypto broker Voyager Digital issues default notice to Three Arrows Capital

Three Arrows failed to make the required payments on a loan of 15,250 BTC and $350 million USDC, said Voyager.