Ka Kay Lum

Correspondent, Malaysia
Email: kakay@dealstreetasia.com

PayPal to close Malaysia operations by year-end, offers staff VSS

The work currently being delivered at its operations centre in Malaysia will gradually move to other locations.

Lazada Malaysia appoints former Taobao executive as new CEO

Alibaba-backed e-commerce platform Lazada has announced former Taobao executive Leo Chow as the new CEO of its Malaysian operations.

US pension fund CalPERS commits $380m to PAG’s third Asia fund

The Hong Kong-based firm closed PAG Asia III at $6 billion in November last year.

Malaysia’s Frontier Digital Ventures to focus on existing portfolio consolidation

The digital classifieds operator also intends to go slow on making new investments, given the current market conditions.

HK-based InfraRed NF closes $92.2m mezzanine financing deal

The financing was provided by InfraRed NF and Firewave Management Limited, an indirect wholly owned subsidiary of Singapore-listed Metro Holdings Limited.

Zilingo pockets $226m in Series D funding, said to near $1b valuation

The round was joined by Sequoia Capital, Temasek, Burda, Sofina and EDBI.

Targeted govt intervention needed to spur VC ecosystem, says SC Malaysia

The report proposed eight recommendations to the SC which include the restructuring of existing public VCs to be more commercially-driven.

Xiaomi-backed oral care startup Soocas snags $30m Series C

The round was led by Vision Knight Capital and joined by Kinzon Capital, Cathay Capital, Greenwoods Investment and Yunmu Capital.

US pension fund commits $200m into China’s ClearVue Partners’ third fund

Shanghai-based ClearVue Capital targets to raise $600 million for its third fund.

TPG raises over $4.6b for seventh Asia buyout fund

2019 will be TPG’s 25th year investing in Asia and the company has so far deployed 40% of the latest fund across 12 companies.