IPOs & Markets

AB InBev Asia unit raises $5b in world’s second-largest IPO in 2019

At $5 billion, the IPO will be the second-biggest globally this year, trailing only the $8.1-billion offering of Uber in May.

Deals

Alibaba restructures Ant Financial relationship, now owns a third of unit

Ant Financial would no longer need to pay 37.5% of its pre-tax profits to the e-commerce giant.

Private Equity

Morgan Stanley raises $366m for fifth Asia-focused PE fund

North Haven Private Equity Asia V, which was launched in September 2018, attracted commitments from 551 investors.

IPOs & Markets

Vietnam’s Bamboo Airways plans to raise $100m via IPO next year

Deals

Real estate investment firm Agility Partners raising $150m hospitality fund

Private Equity

Thailand

PE firm Navis Capital invests in Thailand’s Srithai Daily Foods

The funding in Srithai marks the private equity firm's second investment in 2019.

Rest of Asia

Morgan Stanley raises $366m for fifth Asia-focused PE fund

North Haven Private Equity Asia V, which was launched in September 2018, attracted commitments from 551 investors.

China/HK

Michigan pension fund commits $75m to Warburg Pincus China-SEA vehicle

Warburg Pincus made the final close for its China-SEA focused PE fund in June after securing commitments exceeding a $4.25-billion hard cap.

Venture Capital

India

India Dealbook: Ola lands $5m from Seoul SPV; Digi-Prex, ShopClues fundraise

ARK Ola Pre-IPO Private Investment Trust is likely to be used by Ola for managing pre-IPO rounds of private investment.

India

Norwest Venture to double India investments, make senior hires

The firm is looking for opportunities in financial services, tech, internet, consumer, healthcare and logistics.

India

India Dealbook: Log 9 Spill Containment, AdvaRisk, SpeakIn raise funding

Log 9 Spill will use the funds to set up a new production facility in Navi Mumbai.

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Unicorns

Indonesia

Indonesian taxi operator Blue Bird bets on tech, EV fleet to counter ride-hailing giants

Blue Bird's plans include focusing on electric vehicles made by Tesla Inc. and BYD Co. to cut fleet ownership costs and improve efficiency using data.

Indonesia

Grab, Gojek both claim to be number 1 in Southeast Asia food delivery battle

Indonesia

Indonesia’s Gojek secures funding from insurer AIA Group unit

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Q & A

India

Ex-Norwest exec floats $300m growth fund to bet on startups in India, SEA

Singapore

Exit a universal problem if you pay ridiculous valuations, says Creador’s Vasudevan

Indonesia

Indonesian used car market large enough for over 2 leaders: BeliMobilGue new CEO

India

Indian online retailer Pepperfry mulls IPO option, says co-founder

Deals

Malaysia

Lafarge’s minority shareholders turn down $840m deal with YTL Cement

YTL currently owns a 77% stake in Lafarge and the proposal was rejected by 76% of the shareholders.

Singapore

Allianz, Nippon in race to acquire Aviva’s Asia units for up to $2.5b

Canada's Sun Life Financial is also among roughly half a dozen suitors competing for the businesses.

China/HK

Alibaba restructures Ant Financial relationship, now owns a third of unit

Ant Financial would no longer need to pay 37.5% of its pre-tax profits to the e-commerce giant.

IPOs and Markets

Vietnam

Vietnam’s Bamboo Airways plans to raise $100m via IPO next year

Bamboo Airways now operates 10 aircraft on 25 domestic and international routes.

China/HK

Hillhouse-backed Topsports launches up to $1.2b HK IPO

The IPO comes two years after Hillhouse-CDH Investments group took parent firm Belle private in a $6.8-billion deal.

China/HK

AB InBev Asia unit raises $5b in world’s second-largest IPO in 2019

At $5 billion, the IPO will be the second-biggest globally this year, trailing only the $8.1-billion offering of Uber in May.

Analysis

China/HK

China’s $25t in mobile payments transforming nation’s services

Alibaba and Tencent reshape how people access health care, lending and more.

China/HK

Alibaba taps luxury segment with $2b purchase of Netease’s e-commerce arm Kaola

Singapore

Guest Post: Southeast Asia may see 700 startup exits in 2023-25

More Stories

DealStreetAsia has partnered with Pandaily to bring you its weekly TechBuzz China podcast on the Chinese tech industry, straight from Silicon Valley

Opinion

Singapore

Singapore’s GIC comes to the rescue of AB InBev’s Asia unit IPO

China/HK

China’s wealth fund CIC chases high-risk strategy, to deepen exposure in alt assets

Singapore

Guest Post: How the ‘Abraaj Effect’ is rewriting the role of LPs and GPs

India

India’s fragile financial services system hangs between hope and despair

Policy & Regulations

India

India: CCI approves restructuring, sale of Apollo Hospitals pharmacy business

After the restructuring and slump sale, Apollo Hospitals would own 25.5% in the pharmacy operations.

India

Government aims to sell debt-laden Air India, other PSUs by March 2020

The government planned to sell BPCL, Container Corp of India Ltd and Air India before the end of the 2019-20 fiscal.

India

UK fintech firms keen to enter Indian start-up sandboxes

India and the UK have been among the top five investors in each other’s economies since 2010.

People

Indonesia

Indonesia: Prasetia Dwidharma CEO joins MDI Ventures as venture partner

MDI Ventures is currently looking for a new CEO after Nicko Widjaja moved on to BRI Ventures earlier this year.

Rest of Asia

People Digest: SG’s 99.co hires senior execs; ASI appoints Japan CEO

India

How delivery persons at India’s top food apps brave odds to bring your meal home

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