Search Results for:Deepshikha

Alibaba revenue jumps 61% on the back of growth in new businesses

Alibaba’s ramping up spending in new arenas as it reduces its reliance on an online retail business facing increased competition from and Pinduoduo as well as a broader economic slowdown.

Indonesia’s Sinar Mas said to have launched new VC arm with $200m corpus

Latitude Venture Partners was launched about four-five months ago and has preferred to stay under the radar so far.

GoGoVan raises $250m in fresh funding from Alibaba-backed Cainiao, others

It plans to introduce “door-to-door service” for small item delivery in the next few months.

Singapore’s Jungle Ventures said to seek over $150m for third fund

The venture capital firm had closed its $100-million second fund in 2016 from LPs including Temasek and IFC.

Exclusive: TH Real Estate said to seek $900m for APAC Cities Fund

The investor has begun soft marketing the fund to potential and existing investors.

PGIM said to seek up to $1b for Asia core real estate fund

PGIM Real Estate had assets under management in the region of $7.3 billion as of March 31, 2018.

Alibaba leads $26.4m round in GPU database developer SQream

The Series B round was joined by Hanaco Venture Capital,, World Trade Ventures, Paradiso Ventures, Glory Ventures, and Silvertech Ventures.

Vertex-backed Tickled Media raises nearly $5m for Southeast Asia expansion

Tickled Media said it will use the funding for its expansion into the Philippines, Malaysia, and Vietnam, and to develop two additional media properties targeted at Asian women.

Exclusive: CVC Capital Partners is said to seek up to $5b for fifth Asia fund

It has started sounding out LPs about the fund & will start marketing it actively by year-end.

SG: Dymon Asia PE, TEE Infra to acquire Sembcorp unit for nearly $15m

The transaction marks the first deal by Dymon Asia PE’s second Southeast fund, which was recently closed with $450 million in committed capital.