PayPal CEO Schulman says cryptocurrencies just an experiment for now


Paypal CEO Dan Schulman says blockchain will be the more powerful part of the landscape, and that cryptocurrencies are “just one application.”

Saudi Arabia concerned about risks with New York IPO for Aramco

“I would say litigation and liability are a big concern in the U.S.,” Energy Minister Khalid al-Falih said in an interview with CNN.

Asian PE firm Longreach to acquire Japanese coffee shop Kohikan

Longreach said it sees a clear business growth path in the premium coffee business in Japan, “with a potential to expand into high growth Asian markets”.

StanChart reaches provisional agreement to sell real estate unit to Actis

The business has around $700 million in investments across Asia and Africa.

Deutsche Bank unit sells property asset Xiwang Tower to China Life

The sales was made on behalf of Deutsche AM’s European funds to China Life, one of the largest Chinese state-owned financial and insurance companies.

Listed Australian PE firm Blue Sky eyes $98m in capital raising

The proceeds of the Placement will be applied to provide additional capital for ongoing co-investment

Former Uber CEO Kalanick starts China, India-focused investment fund

The fund, called 10100, will focus on real estate and e-commerce startups, as well as technology businesses in China and India.

Korea Post seeks global PE firms for $200m co-investment mandate

Korea Posts is looking for fund managers currently managing co-investment commingled funds or co-investment SMAs.

Uber taps the leveraged loan market for a $1.25b deal

Uber last tapped the loan market in 2016 for a $1.15 billion loan, a deal that was arranged by Morgan Stanley.

Japan to punish several crypto exchanges, suspend operations at others

Japan’s financial regulator uncovered flaws in customer protection and anti-money laundering measures during on-site checks at the exchanges.