Chalida Ekvitthayavechnukul

Correspondent, Thailand

True Incube joins Korea Venture, LINE Games to set up PE fund

The fund will seek opportunities to invest in high potential companies, focusing on games and technology.

Thailand’s PACE divests stake in Dean & Deluca Japan for $10m

PACE Development Corporation has sold its 50% stake in the Japan unit of gourmet food brand Dean & DeLuca to Welcome Co Ltd for $10 million.

LINE allocates $20m for Thai startup investments

The ScaleUp programme will provide startups access to LINE’s 44 million users in Thailand and one year of free access to its messaging application programming interface.

Chinese O2O retailer KK Guan closes $60m series C round

It plans to use the proceeds from series C to improve its supply chain, expand its offline channels and add more product lines.

HK-based Q Venture Partners raising VC fund

Q Venture Partners focuses on global IoT and enabling technologies.

Shanghai-based Mollybox secures $13m Series B from DCM, Digitalis

The startup has developed a unique business model in China’s pet food sector by launching a subscription-based service.

Singapore-based fintech startup Silot closes $8m Series A round

The lead investor in the round was Japan’s SBI Investment. Silot, which has so far focused on banks in Southeast Asia, plans to tap the Japanese market soon.

Beacon VC leads seed round for Thai property management platform Horganice

Horganice represents the seventh direct investment and the first seed round investment by Beacon VC.

Krungsri Finnovate to invest in Thai fintech startup’s Series B round

The startup, Finnomena, is looking to use capital to fuel its growth expansion over the next 1-3 years.

Thai-listed SUPER to acquire two wind power plants in Vietnam for $18m

The company said, it will use working capital to fund both acquisitions.