Allianz SE’s property unit plans to double Asia investments over next 3 years


Allianz SE’s property unit plans to double investments in Asia over three years as the German firm is drawing in more money from its insurance operations in the region.

Ant’s MoneyGram failure casts pall over Chinese dealmaking

If a Jack Ma-linked company cannot buy a U.S. company, is there hope for other Chinese companies?

Australia: Battery Ventures backs Melbourne HR-tech startup PageUp

The Battery investment also marks the culmination of partnership between PageUp and Accel-KKR, which made a strategic investment in PageUp in 2012.

Australia’s DuluxGroup unit to sell coating business in China, HK to Yip’s Chemical

DuluxGroup expects to complete the deal in the first half of the 2018 financial year.

U.S. panel obstructs MoneyGram, China’s Ant Financial deal

The $1.2 billion deal’s collapse represents a blow for Jack Ma, who owns Ant Financial together with Alibaba executives.

Microsoft, GV among investors in DNAnexus’ $58m financing round

Existing investors TPG Biotech, WuXi NextCODE, Claremont Creek Ventures, and MidCap Financial also joined the round.

Behind Masa Son’s unconventional, unstoppable dealmaking spree

Son has rattled rivals with his growing influence and changed the game of startup investing — for better or worse.

Australian IPOs set to rebound this year, raise up to $7.8b

New floats in Sydney last year raised just $3.9 billion – the lowest since 2012, as debt-fuelled foreign buyers snapped up companies that could otherwise have pursued a listing.

Japan Digest: J-Star exits Aisei Pharmacy; Orix to buy Yodogawa Transformer; Every bags $18m

Japanese private equity firm J-Star has agreed to exit Aisei Pharmacy, a Japanese drugstore chain, to its company management.

Bitcoin begins 2018 with a downward slide, in a first since 2015

For the first time since 2015, the cryptocurrency began a new year by declining, extending its slide from a record $19,511 reached on Dec. 18.