Samsung enters autonomous driving race with new business, $300m fund


Samsung has set up a strategic business unit for autonomous and advanced driver assistance services (ADAS).

UAE-based to launch $1m ICO, eyes SE Asia expansion

Afterschool noted its token sale would be the first after school program platform to create its own digital currency.

Australia: Baring PE Asia said to restart SAI Assurance sale

The buyout firm is working with adviser Greenhill & Co. to study offers for the division.

Pension funds to buy 57.7% of Copenhagen Airports from Macquarie for $1.6b

The two funds estimated the offer price would be about 5,700 crowns per share.

Updated: Fenox Venture Capital, ASUS partner to launch $50m fund

Fund will target startups in the areas of AI, IoT, Big Data, cloud computing and AR/VR.

Swiss bank Julius Baer chief sees Asia making up a third of business

The Zurich-based bank’s Asia hiring spree from last year is paying off in a “very big way”.

Saudi Arabia said to prepare for possible Aramco IPO delay to 2019

Saudi Arabia is yet to announce where it will sell shares in Aramco other than the Riyadh stock exchange.

APAC Digest: Red Dot Payment raises Series B; GAMURS & Snappr close seed rounds

GAMURS plans to use the proceeds to accelerate expansion in Asia.

Australia Digest: Pro-Pac, IPG enter $177m merger; State invests $10.6m in startups

Australia Digest: Pro-Pac, IPG enter $177m merger; Gov’t invests $10.6m in biotech startups

Uber’s chief legal officer Salle Yoo said to be leaving the company

Yoo has been in charge of Uber’s legal efforts for about five years.