S Korean emotion AI startup Looxid Labs raises $4m Series A


Hastings Asset Management, Daesung Private Equity, Sejong Venture Partners and Samsung Venture investment were the lead investors.

EDBI-backed biotech firm Moderna Therapeutics files for $500m IPO

Moderna, valued at $7.5 billion, secured $500 million in a round participated by Singapore-based EDBI and Sequoia Capital China in February.

Nomura, Daiwa to lead sales push for SoftBank IPO, Japan’s biggest offering

Nomura Holdings Inc and Daiwa Securities Group Inc will lead the sales effort for Japan’s biggest initial public offering ever, the sale of stock in SoftBank Group Corp’s domestic wireless operation.

SoftBank to hire Deutsche Bank to advise on Saudi power investments

SoftBank could consider purchasing a minority stake in Saudi Electricity from the Public Investment Fund (PIF) sovereign wealth fund.

TH Real Estate launches $2b Asia Pacific Cities Fund

The Asia Pacific Cities Fund has identified 17 cities, including Tokyo, Sydney, Brisbane, Singapore and Seoul, for investments.

Australia’s BGH Capital snubbed on two billion-dollar deals in a single day

The rejections crush what BGH had hoped would be its first purchases since it was set up last year by former local heads of U.S. private-equity giant TPG Capital Management and Australia’s Macquarie Group.

People Digest: LJ Partnership names MD for HK arm; Franklin Templeton appoints head for ANZ region

LJ Partnership has appointed Neil O’Brien as managing director of Guggenheim Investment Advisors (Hong Kong) Limited while Franklin Templeton Investments Australia has appointed a senior director to lead its institutional business.

Omidyar Network leads $1.62m seed investment in Bangladesh’s ShopUp

ShopUp plans to use the capital to enhance its credit algorithm, accelerate acquisition to 100,000 merchants, and establish partnerships with e-commerce players, logistics companies, and offline aggregators.

SoftBank announces $21b IPO of domestic telecom business

The Japanese technology conglomerate plans to sell 1.6 billion shares at 1,500 yen apiece, valuing the business at 7.18 trillion yen ($62.9 billion).

Gobi Partners exploring Pakistan-focused fund, says founding partner Tsao

Gobi Partners has launched two $10-million market-focused funds – one for the Philippines and one for Indonesia.