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Deals

Indonesia’s Medco offers $539m sweetened bid for Ophir Energy

China’s SDIC to exit coal power investments, shifts focus on clean energy

Australia’s Navitas agrees to $1.49b takeover offer from founder, PE firm

India: Mindtree board fails to decide on share buyback

Private Equity

PE firm Navis Capital secures $200m from US govt fund for eighth vehicle

KKR said to seek $1.5b for first Asia real estate fund

SG’s Tembusu Partners to launch Chinese funds worth $149m in Guizhou

Warburg Pincus eyes acquisition of Vietnam-based casino resort: Report

Venture Capital

Moonrise Capital holds first close of debut China-focused fund

Indonesian auto platform Mobilkamu raises Series A funding round

Starbucks sets up $100m venture fund to invest in food and retail startups

India Dealbook: Orios leads funding for BeatO; A91 Partners backs Paper Boat

Facebook said to mull investment in Indian content startups

Chinese AI startup SenseTime eyes global expansion to sustain growth

Myanmar Digest: Yoma loan for Kargo; AsiaCarGroup sets up local platform

Venture-backed plant protein startups tap China’s hungry market

Myanmar-focused startup SolarHome raises $1m from SG-based Trirec

Myanmar marketplace rgo47 parent snags funding from Daiwa PI Partners

IPOs & Markets

China’s Up Fintech raises $104m after pricing US IPO above range

UAE’s VPS Healthcare rethinks London IPO due to Brexit uncertainty

Malaysia’s state fund PNB chief sees strong revival for stocks

Foxconn Ventures sells $398.4m worth of Alibaba stock

Mobile & Telco

India: Vodafone Idea’s $3.6b rights issue to cause massive dilution

India: RCom pays Ericsson, asset sale to Jio falls through

Xiaomi ups India play, injects $507m in largest investment this year

Singtel partners with NETSTARS to expand mobile wallet in Japan

Real Estate

India: DLF forms JV with Hines for $275m Gurugram commercial project

KKR said to seek $1.5b for first Asia real estate fund

India: Kotak, DivyaSree float $400m fund to develop, acquire office assets

CapitaLand REIT said to pursue $1.1b Duo office and retail assets

Grab eyes Ant Financial funding in quest to dominate SEA’s financial services market

Grab adds SME lending, micro-insurance to deepen financial services portfolio

Warburg-backed China’s UCAR acquires Beijing Borgward in $610m deal

Philippines rejects GOJEK’s appeal against ride-hailing licence ban

Top China Netflix-style app iQiyi attempts to crack short-video genre

Airbnb said to mull investing in India’s OYO to expand footprint

Q & A

Cashless payment in Vietnam could grow to 50% in three years: MoMo CEO

Lack of country-specific expertise a gap in SE Asia's VC ecosystem, says Intudo's Chan

Aquaculture, palm oil ripe for disruption in Asia, says Trendlines’ Sarai Kemp

SoftBank Vision Fund has already invested $65-70b, says Masayoshi Son

Still plenty of room to play in SEA's digital economy, says Quest Ventures' Tan

Opinion

Does Reebonz's latest reverse stock-split exercise matter to investors?

Uber is raising another $1b and it may have little to do with self-driving

It's time Meituan focused on arresting losses and not just beating revenue guidance

Analysts unfazed by Singtel's move to give up half its shares in Airtel rights issue

Why take rate metric may not be a clean evaluation of Lyft's profit potential?

People

CLSA chief executive Slone resigns following bonus cuts, Citic changes

Temasek International names Dilhan Pillay Sandarasegara as new CEO

Tencent said to target 10% job cuts amid cooling growth, intense competition

Lee Fixel: The man behind some of India's biggest startup moments

People Digest: Manulife Real Estate appoints Asia MD; DBS beefs up team

HEADLINES