Alibaba forms new JV with Russia’s state fund, tech firms


Alibaba will own 48 percent of AliExpress Russia as a result of the deal signed with RDIF, mobile operator Megafon and internet group

Japan’s Renesas agrees to buy US chipmaker IDT for $6.7b

The deal allows Renesas to bring on board IDT’s know-how in chips for wireless networks and data storage which are crucial for self-driving cars.

Japan’s Kirin considers selling Australian Lion-Dairy and Drinks unit

Kirin has been reviewing its business portfolio, which spans alcohol, beverages, food and drugs at home and overseas.

Partners Group acquires 226MW wind farm project in Australia

The 226MW wind farm is being acquired from Renewable Energy Systems and Macquarie Capital, which jointly developed the project.

Franklin Templeton, Asia Alternatives launch new global PE fund

FTPE will be headed by managing partner Arthur Wang, who will be joining from San Francisco Employers’ Retirement System.

Altaba to raise $4.3b by exiting Yahoo Japan stake

Altaba is Yahoo Japan’s second-largest shareholder with a 23.9 percent stake, trailing only SoftBank Group Corp.

EQT Partners said to consider IPO as part of strategic review

The largest buyout firm in the Nordic region is also considering attracting an external investor as a part of a broader strategic review.

Renewable energy investor Solariant Capital raising $75m VC fund

The new fund, Solariant Renewable Energy Fund, will accept a minimum investment of $5 million.

Uber-rival Careem expands services into Sudan

Dubai-based Careem is Uber’s main Middle East rival, competing in most of the region’s major cities including Cairo, Dubai, and Riyadh.

Asia Digest: Chinese startup Ringle.AI, Korea’s Miso secure funding

Shanghai-based Ringle.AI has raised a $30-million investment led by Bertelsmann Asia and IDG Capital while Korean startup Miso has secured $8 million Series A.