Japanese offline GPS app Yamap raises $1.5m in Series A round


Japanese hiking app Yamap has raised JPY 170 million ($1.5 million) in a Series A round, according to a report published by Tech in Asia yesterday. The funds were led by Colopl, a Japanese gaming publisher; and saw participation from Japanese venture capital firms Daiwa Corporate Investment and Dogan. The company… Read more »

China’s Zoomlion sweetens offer for US crane maker Terex

China’s Zoomlion Heavy Industry Science & Technology Co Ltd has raised its bid for U.S. crane maker Terex Corp, according to people familiar with the matter, as it challenges Terex’s merger with Finland’s Konecranes. Zoomlion‘s latest move shows corporate China’s determination to acquire U.S. assets and expand its global footprint…. Read more »

Foxconn said to delay sharp deal for clarity on quarterly result

Foxconn Technology Group is delaying finalization of its deal for Sharp Corp. to get a clear understanding of the Japanese company’s performance in the current quarter, increasing the chances an agreement won’t be reached this month, according to people familiar with the matter. Foxconn, which agreed to pay more than… Read more »

Sony to buy Michael Jackson’s stake in music publishing unit

Sony Corp said it signed an agreement with Michael Jackson’s estate to buy for $750 million the deceased pop star’s stake in Sony/ATV Music Publishing, the world’s largest music publisher which controls songs such as The Beatles’ “All You Need Is Love.” As part of the agreement, Sony will make… Read more »

Australia’s asset buyers see silver lining in mining sector

After years on the sidelines, funds specializing in troubled assets are set to take center stage in the mining industry, driving deals in a sector where the top players alone plan to raise more than $30 billion through sales to cut debt.

Australia’s Qube, Canada’s Brookfield make $6.8b Asciano play

Qube Holdings has terminated a previous stand-alone bid and replaced it with a joint offer with Brookfield and the Qatar Investment Authority for the Australian firm’s strategic port business.

Goldman Sachs arm to buy US online retirement benefits firm Honest Dollar

The investment management arm of Goldman Sachs Group Inc has agreed to acquire an online retirement savings platform as it looks to offer financial services to small businesses and startups. Goldman said on Monday it would buy Austin, Texas-based Honest Dollar, which makes it cheaper and easier for small businesses… Read more »

Goldman revamps electronic stock trading to catch rival

Raj Mahajan achieved a rare feat when he rejoined Goldman Sachs Group Inc last year with the coveted title of partner, the Wall Street bank’s highest rank. Then he got to work on fixing the pipes. That plumbing has to do with the technology Goldman uses to route stock orders… Read more »

Singapore: CoAssets expands Australian ops, to commence business crowdfunding

CoAssets recently registered as a corporate authorised representative of Melbourne Securities Corporation Ltd (MSC) and is expanding its business operations, targeting the burgeoning Australian business and real estate crowdfunding market.

Australia’s IFM Global offers 21% premium to increase Vienna Airport stake

The Australian private-equity investment company is seeking stable income from infrastructure operators amid a drop in interest rates.