Liz Lee

Liz is the Malaysian correspondent for DEALSTREETASIA. She tracks the growing appetite for private equity and venture capital in Malaysia while also keeping tabs on corporate developments.

She hopped on board in October 2014, after three years in the business desk of the leading local English daily where she developed her financial reporting skills.

She remains fascinated with the movement of capital and the socioeconomic effects it leaves in its trail.

Liz graduated from Universiti Tunku Abdul Rahman, with a BA (Hons) in English Language. She lives about five heartbeats away from the heart of Kuala Lumpur.

China: Northern Light Venture, New Horizon lead $100m Series D in

For an e-commerce startup with high burn rate, the gap between the latest two venture rounds has taken longer than the fundraising momentum was on in the past.

Malaysia: 1MDB confident of legal position against IPIC’s court action

Abu Dhabi’s sovereign fund IPIC has taken 1MDB to the London Court earlier this week, seeking $6.5 million, for failure to fulfill its financial obligations as per an earlier agreement between both parties.

Exclusive: FDV-backed realty site Casa Mozambique eyes Series A, expansion

En route to raising its Series A round of funding, property portal Casa Mozambique – which is backed by Asian online classifieds operator Frontier Digital Ventures – is looking to scale its operations in the African region with its revamped website and brand. The firm received an undisclosed seed funding in 2015 from Frontier Ventures.

People Digest: Frontier hires CFO, Bentham appoints portfolio specialist

She was most recently with iProperty Group, as the chief financial officer as well.

Golden Gate Ventures closes $60m early stage fund, to double down on SEA

In addition to its existing investors such as Singapore sovereign fund Temasek, two Asia-based institutions and a European-based media conglomerate have joined the fund as limited partners. From Korea, Hanwha Life Insurance has partnered with Golden Gate Ventures to tap into the growing economic opportunities in Southeast Asia. Siam Commercial Bank, is also on board.

UAE’s IPIC takes 1MDB dispute to London court, seeks $6.5b

“The failure of 1MDB and MOF to perform their obligations, cure their defaults or put forward acceptable proposals has left IPIC in the position where it must pursue its claims in arbitration,” IPIC said.

People Digest: Top hires at Schroders, Morgan Stanley, DBS Vickers & Rabobank

Major financial institutions in the Asia-Pacific region – Schroders, DBS Vickers, Morgan Stanley and Rabobank Group – have reported top-level people movements and senior manager recruitments. Former Nomura CFO joins Schroders London-based global asset manager Schroders has appointed Shigesuke Kashiwagi as its new chief executive officer to lead the business in Japan…. Read more »

Digest: First Names buys Nautilus Trust, former Swiss banker sets up firm, Australia’s fintech regulatory proposal

Among recent notable international deals and developments, First Names is acquiring UK’s Nautilus Trust Co, Vontobel’s former star asset manager is setting up a fund management firm while Australia proposes a six-month license exemption for fintech startups to test run offerings. First Names to acquire Nautilus Trust Co First Names Group,… Read more »

Navis Capital, Symphony buy French luxury furniture brand Liaigre

Other investors who joined the round include Singapore-based lifestyle and healthcare investment holding company Symphony International Holdings Limited, and Chanintr Living, a Thai-based furniture retailer.

Exclusive: Out of funds, venture-backed GlassesGroupGlobal shuts operations

GlassesGroupGlobal had secured a $3m Series A from Caixa Capital and Nova Founders Capital in July 2015. In 2014, it had raised $1.5m in seed funding