Chalida Ekvitthayavechnukul

Correspondent, Thailand

China Digest: IDG leads Series A+in Freemud; Sequoia, Baidu back Conflux

Sequoia China and Baidu Ventures have co-invested $35 million in the latest funding round of Singapore-based blockchain network developer Conflux Foundation.

Thai property developer Arinsiri to tap public markets to raise funds

Chonburi-based residential developer Arinsiri Land Plc is planning to tap the Market of Alternative Investment with its IPO.

China’s transport system startup TransWiseway snags $103m from Ant Financial, others

The proceeds will be mainly used to further develop financial services and data application.

Australia’s Future Fund names Stewart Tillyard as head of PE unit amid top exits

The three executives who have left the Fund are PE head Steve Byrom, director David Simons and investment director Jasmina Osmanovic.

Siri Ventures invests in US-based VC Fifth Wall, two Singapore startups

Siri Ventures is the joint venture VC arm of Thai-listed property developer Sansiri Pcl and Siam Commercial Bank.

Tin Men Capital injects $9.1m in SG e-ticket platform GlobalTix

Founded by brothers Chan Chee Chong and Chan Chee Kong, GlobalTix operates a cloud-based e-ticket distribution platform that allows travellers to book tourist attractions with online and offline travel agents. 

SG Digest: MVL launches TADA taxi; Former minister invests in HydraX

The TADA taxi app allows commuters to book rides from taxi drivers who have registered with MVL. The company claims around 2,000 taxi drivers have registered with it so far. 

Hillhouse, Quan lead $93m Series B for US biopharma firm NextCure

New investors backing the round include Bay City Capital, Surveyor Capital, Ping An Ventures, Taiho Ventures LLC, ArrowMark Partners and NS Investment.

Thai petrochemical firm Indorama acquires 74% stake in Egypt’s Medco Plast

Middle East Glass Manufacturing (MEG) and the Samaha Family will retain 16 per cent and 10 per cent shareholding in Medco Plast after the transaction.

Singapore-based AGC Networks to acquire Black Box for $16.4m

AGC expects the merger to add over $600 million in annual revenue and 3,000 team members worldwide.