China’s Appcoach raises $10m Series A round led by Yonghua Capital

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China-based mobile advertising platform Appcoach has garnered $10 million in series A funding from a team of investors led by Yonghua Capital, the company announced in a press statement on Tuesday. Appcoach will use the funds to boost and expand its international reach, with a focus on markets in the… Read more »

Venture capital cash surfers may see waves recede in market turmoil

The waves of cash surfed relentlessly by some of Silicon Valley’s largest venture-backed businesses are showing signs of receding amid concern the companies may be already worth more than they’re likely to be valued once they finally go public. Investors have created 132 privately held companies valued at $1 billion… Read more »


Travelzoo acquires Travelzoo APAC from Azzurro Capital

US-based Travelzoo has expanded to the Asia-Pacific with the acquisition of the Travelzoo Asia Pacific (APAC) business unit. Formerly operating independently under the Travelzoo brand, the consideration for the acquisition was a mixture of cash and a US$5.7 million promissory note. Travelzoo is a global Internet media company that claims to maintain… Read more »


Temasek joins MBK-led consortium to bid for Tesco’s S Korea unit: sources

Singapore state investor Temasek Holdings (Private) Ltd has partnered Asia-focused private equity firm MBK Partners to bid for the South Korea arm of British supermarket operator Tesco PLC, two people familiar with the matter told Reuters. MBK has already entered the race for the business, valued at $6 billion. It… Read more »


Currency volatility upsets Asian growth plans

Faced with falling exports and deflation risks, it suited much of Asia to let their currencies drift lower, until China’s abrupt devaluation triggered a tide of volatility that is upsetting not just their currency management but also their growth strategies. China’s 2 per cent devaluation on August 11 added to… Read more »


Standard Chartered PE arm invests in China’s online lender Dianrong.com

A consortium partly led by the private equity arm of Standard Chartered PLC has invested $207 million in China’s Dianrong.com, the peer-to-peer online lender said last week, the latest international investor to take a fancy to the firm. P2P companies and other alternative lenders are growing by servicing small- and… Read more »


Markit to acquire DealHub for undisclosed sum

Nasdaq-listed Markit, a global provider of financial information services, has entered an agreement to acquire DealHub, a provider of trade processing and trading services to the foreign exchange market with offices in Singapore, London and New York. Financial terms of the acquisition are undisclosed. Founded in 2003 and with 4000 employees… Read more »


Carlyle, GIC combine among bidders for Tesco’s $6b South Korea unit

Private equity firms have formed three separate teams to bid for Tesco‘s  South Korean business valued at about $6 billion (3.8 billion pounds), four people with knowledge of the matter said on Friday, in what is tipped as Asia’s biggest ever private equity deal. Asia-based Affinity Equity Partners has linked… Read more »


Drone industry growth threatened by cybersecurity & privacy concerns: Lloyd’s

Cyber-attacks, reckless pilots and privacy breaches are fundamental threats to the drone industry, according to a report published by Lloyd’s, a global specialist and reinsurance market. The drones sector is emerging as a dynamic and important segment of the global aviation and aerospace sector, with global expenditure on acquisition expected to double to $91 billion… Read more »


From volleys to ventures: Andy Murray dips into crowdfunding

British tennis player Andy Murray has ventured into crowdfunding. The world No.2 has made three investments of an undisclosed sum on London-based crowdfunding platform Seedrs, as the sector that allows large numbers of people to invest small amounts of capital to finance a business venture continues to move into the… Read more »