Quynh Nguyen

Correspondent, Vietnam
Email: quynh@dealstreetasia.com

Singapore-based Sunseap takes minority stake in Australia’s Todae Solar

The deal marks Sunseap’s first investment in Australia’s commercial solar market.

Asia Digest: Sale Stock to rebrand as Sorabel; travel startup Zuji shuts down

Indonesian fashion e-commerce site Sale Stock will officially change its name to Sorabel from February 6 as it enters the fifth year of its operations.

People Digest: MUFG adds MD; Carlyle announces promotions

Mitsubishi UFJ Financial Group Inc (MUFG) has appointed Scott McLallen as a managing director in the bank’s private equity sponsor coverage group.

East Ventures leads $550k seed funding for food ordering app Eatsy

The startup has now raised more than $1 million in funding from investors including East Ventures and Quest Ventures. 

Japan’s Mitsui-backed Magenta Venture launches $100m fund for Israeli startups

The new fund will focus on automotive, mobility, AI, smart cities, Industry 4.0, enterprise software and fintech.

Aberdeen Standard Investments injects $13m in insurer Singapore Life

The investment follows US-based insurance company Aflac’s $20-million investment in the Singapore-based insurtech startup. 

China Digest: Boyu Capital backs Yimi Dida; Ping An invests in Airdoc

Chinese private equity firm Boyu Capital has led a 1.8 billion yuan ($266.15 million) Series D round for Shanghai Yimi Dida Supply Chain Management.

People Digest: HSBC Singapore adds three to team; HP Wealth hires UBS staff

HP Wealth Management plans to expand its private market capabilities.

VC firm SunBridge Partners exits investment in Marketo KK

SunBridge divested its stake in Marketo KK, its Japan joint venture with Marketo, as part of Adobe’s acquisition of the marketing automation firm.

Genesia Ventures raises $45m for $80m second fund targeting Japan, Southeast Asia

The VC firm is seeking a final close by the end of September this year.