HK-based PAG seeks to raise up to $1b for third special situations fund

The firm had closed its second special situations fund at $1.4 billion in 2014. 

Asia is KKR’s first priority for 2019, says co-president Nuttall

KKR is seeing more opportunities for credit in SEA & Australia and for real estate in North Asia

Tencent leads $300m round for Chinese online tutoring firm Yuanfudao

Yuanfudao is valued at over $3 billion after the funding, a significant jump from its $1-billion valuation last year.

2018 saw SE Asia’s VC firms announce over $2b in additional dry powder

The surge was driven by expanding purse sizes of corporate venture capital (CVC) units and the entry of bigger first-time funds.

Here are Southeast Asia’s largest venture capital funds of 2018

Southeast Asia witnessed a strong year in 2018 as venture capital firms raised larger funds and several new names entered the fray, including some sector-focused and country-focused funds.

Toys “R” Us hands over stake in $900m Asia unit to lenders

Hong Kong-headquartered Fung Retailing, which currently owns 15% of Toys “R” Us Asia, will now acquire an additional 6% stake from noteholders of the US company.

Singapore’s Keppel confirms Ixom acquisition from Blackstone for $565m

The deal puts Ixom’s enterprise value at A$1.1 billion ($799.5 million).

IDG, Matrix Partners back $20m funding round for SG-based crypto platform KuCoin

KuCoin’s Series A round comes after crypto exchange Binance raised an undisclosed amount of funding from Vertex Ventures in October, signifying cryptocurrency firms’ increasing reliance on venture capital funding to sustain growth.

Chinese co-working major Ucommune raises $200m, valuation jumps to $3b

Ucommune had raised $44 million in its pre-Series D at a valuation of $1.8 billion. 

TH Real Estate launches $2b Asia Pacific Cities Fund

The Asia Pacific Cities Fund has identified 17 cities, including Tokyo, Sydney, Brisbane, Singapore and Seoul, for investments.