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New Zealand regulators blocked China HNA’s NZ$660-million bid to acquire UDC Finance in December.
This will be the first of dahmakan’s three-city expansion plan in Southeast Asia in 2018, with Jakarta and Hong Kong slated for Q3 and Q4.
The latest fundraising follows a $4.3-million seed round twoXAR raised from investors, including Andreessen Horowitz, CLI Ventures and Stanford-StartX Fund.
The new fund also raised 13 per cent more than the prior fund, which closed in August 2015 with $1.5 billion.
Alibaba has named Lucy Peng, one of its 18 founders and a senior partner, as Lazada’s new CEO.
The Malaysian firm said it has successfully acquired six sites with a provisional payment of £63.76 million ($88.8 million).
The fund has reportedly already received over $10 billion in commitments, nearly double the original $6.5-billion target.
Ayondo operates a brokerage platform that lets users engage in social trading.
Coocaa will be integrated with Baidu’s conversational AI system DuerOS.
Bauhinia Land, a unit of Singapore-based real estate group Tuan Sing Holdings, has sold its entire stake in Chinese property developer Qingdao Shenyang for $16 million while Baring and CITIC have completed their acquisition of Wall Street English. Singapore: Tuan Sing unit exits Chinese developer Qingdao Shenyang Singapore-listed real estate… Read more »