Ka Kay Lum

Correspondent, Malaysia
Email: kakay@dealstreetasia.com

GGV Capital opens first Southeast Asia office in Singapore

The Singapore office will be the fifth for the VC firm, after Menlo Park, California, Shanghai and Beijing.

Malaysia: Japanese state fund invests $31m in warehousing firm Tasco’s unit

Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development (JOIN) would take a 30 per cent stake in Tasco Yusen Gold Cold Sdn Bhd.

Jamaludin Bujang, former CEO of Malaysia’s MAVCAP, joins Gobi Partners

Jamaludin will oversee investments and fundraising for the VC firm in Malaysia and manage a joint fund launched with Pakistan’s Fatima Ventures.

CapitaLand, CRCT divest interest in Chinese mall venture for $31m

Following the divestment, CRCT’s portfolio will have 10 malls in seven Chinese cities, while CapitaLand’s retail network in China will comprise 51 malls in 21 cities.

Japanese PE Longreach Group closes third fund at $650m

It will continue to focus on control buyout investments in Japan with a related Greater China focus.

Smaller, first-time PE funds need to carve their own niche to attract capital

How should smaller and first-time funds differentiate themselves then? The key is specialisation.

SoftBank’s Alok Sama said to be leaving firm: Report

Sama will continue to be the senior adviser to SoftBank and respresent the Japanese company on the boards of US-based online lender SoFi and energy renewable business SB Energy.

MY Digest: Carimin Petroleum buys Subnautica, BAssets sells 7-Eleven stake

Carimin Petroleum has picked up a 60% stake in oil and gas inspection, repair and maintenance (IRM) service provider Subnautica Sdn Bhd.

Tencent leads Chinese fresh food retailer Yipinshengxian’s $297m Series B

The round was joined by Capital Today, Eastern Bell Venture Capital and Longzhu Capital, the investment arm of Chinese unicorn Meituan-Dianping. 

Malaysia’s PNB picks six global fund managers to boost its PE play

PNB recorded a four per cent drop in net income at $4.17 billion amidst a challenging year.