Search Results for:Juliet Shwe Gaung

Didi’s car services spinoff Xiaoju acquires auto care firm Hiservice

Xiaoju was recently spun off into an independent unit after securing $1 billion from parent Didi Chuxing.

Macquarie Capital’s Green Investment Group acquires solar assets from Conergy Asia

This acquisition is seen to complement GIG’s expertise in wind, waste-from-energy and disruptive green energy technologies.

Asia Digest: IDG Capital backs Taiwan’s Dexon; Australia’s Seek leads $10m round in GO1

Blockchain platform developer Dexon Foundation has raised $20 million in a private placement led by China’s IDG Capital.

Myanmar digital content provider BiT raises seven-digit sum led by UMJ Ikeya

The investment is like a bridge round before the company approaches investors for its Series B over the next six to eight months.

IFC may invest $3m equity in Indosurya’s mortgage financing JV in Jakarta

The venture will have Indosurya holding 65% while IFC and other investors will own 20 per cent and 15 per cent respectively.

Hong Kong’s PE firm GSR to invest $270m in Overstock’s blockchain subsidiary

GSR will own an up to 18% stake in Overstock subsidiary tZero as part of the deal, leading to a post-money valuation of $1.5 billion for the latter. 

Goodwater, SoftBank back $17m round for internet radio app Spoon Radio

Part of the proceeds will be used to expand Spoon Radio’s coverage across Southeast Asia and rest of Asia.

Belt Road Capital picks 40% stake in Cambodia’s Sabay Digital

The investment marks the fourth transaction for BRCM from its debut $50-million fund established in late 2017.

Blackstone buys stake in TaskUs said to be worth $250m, Philippine PE Navegar exits

The deal ascribes a pre-money valuation of more than $500 million to the outsourcer.

Chinese biotech EdiGene raises $15m pre-Series B led by Lilly Asia Ventures

Beijing-based investment firm Huagai Capital also participated in this round.