Juliet Shwe Gaung

Correspondent, Myanmar
Email: jshwegaung@dealstreetasia.com

EME Myanmar takes significant minority stakes in CarsDB, Joosk

EME Myanmar, with an initial corpus of nearly $3 million, is looking for investments with a ticket size of $50,000 to $200,000.


Myanmar’s Rent 2 Own bags $6m funding from DEG, agRIF, Daiwa PI

Launched in January 2016, Rent 2 Own charges users a monthly fee, which covers maintenance and insurance, to rent a motorcycle.


Temasek-backed Pavilion Capital leads Israeli dronemaker’s $30m Series D

Other investors in the funding round include BlueRun Ventures, Charles River Ventures, OurCrowd and other private investors.


Memories Group buys out Samena Capital-backed Myanmar firms for $41m

Private equity firm Samena Capital had invested $19 million in SM Asset Holdings in 2017 through its Samena Special Situations Fund III L.P.


Pharma company Terns raises $80m Series B led by Vivo Capital, OrbiMed

New investor Decheng Capital and return backer Lilly Asia Ventures also joined the round.


Australia’s Atlassian sells video communications platform Jitsi to 8×8

Earlier this year, Atlassian sold off IP of its corporate chat assets Stride and HipChat to Slack.


Asia Digest: China’s Huawei, P&G step up investments in innovation centres

Huawei and US consumer product firm P&G have announced plans of stepping up investments in their innovation centres in Asian cities.  


South Korea’s Lotte to buy 80% stake in Myanmar’s bakery company

L&M Mayson operates three factories in Myanmar and produces bread, biscuits and cakes. The Yangon-headquartered firm had sales of about 35 billion won ($30.6 million) last year. 


China Digest: Shunwei leads $4.31m in Hitbot; Sequoia puts $15.8m in Shannon.ai

Shunwei Capital has led a $4.31 million investment in robotic arm maker Hibot while Sequoia Capital China has invested $15.8 million in AI firm Shannon.ai.


Spatial emerges out of stealth with seed funding from Samsung NEXT, others

Spatial is a software platform that leverages augmented reality (AR) to enable workplace collaboration.