Quynh Nguyen

Correspondent, Vietnam
Email: quynh@dealstreetasia.com

Indonesian auto platform Mobilkamu raises Series A funding round

The financing was led by East Ventures and Genesia Ventures and backed by Denali Mitra.

Dentsu Aegis acquires Vietnamese agency Redder Advertising

Dentsu Aegis Network in February acquired Southeast Asian digital marketing company Happy Marketer Group

INTL FCStone acquires UOB’s brokerage, clearing business unit

INTL FCStone provides financial-services execution, risk management, market intelligence, and post-trade services.

Vostok New Ventures leads funding for Bangladeshi ride app Shohoz

Silicon Valley-fund Partech Ventures, Heritas Venture Funds, Cypress Capital, Tekton Ventures and existing backer Golden Gate Ventures joined the round.

Singapore’s ZUZU Hospitality raises $3.7m for Asia expansion

The Series A round was led by Wavemaker Partners and joined by existing investors Golden Gate Ventures, Convergence Venture, and Alpha JWC.

Singapore Digest: SC Ventures launches Fintech Bridge; MoolahGo raises funds

Singapore-based P2P marketplace MoolahGo has raised an undisclosed amount from Eric Barbier, founder and former CEO of TransferTo.

People Digest: Manulife Real Estate appoints Asia MD; DBS beefs up team

Singapore-based DBS Private Bank has appointed Lee Woon Shiu as its new regional head of wealth planning, family office and insurance solutions.

Ping An unit announces $150m investment in data centre operator GDS Holdings

GDS will use the proceeds from the investment to fund the expansion of its data centre capacity and for general corporate purposes.

SG-based chemicals distributor Tee Hai sells 51% stake to Germany’s Brenntag

In 2018, Tee Hai Chem reported total sales of approximately 110.8 million euros ($125.3 million). 

S.Korea’s pension fund co-invests in $45m Series A round of MegazoneCloud

Korea Development Bank, Korea Investment Holdings, KB Financial Group, and Nau IB Capital’s growth capital fund also participated in the round.