Asean Digest: iflix, Wattpad in pact; Funding Societies crosses $145m crowdfunding mark


Online streaming platform iflix has tied up with global content platform Wattpad to co-produce original movies based on Wattpad stories from Indonesia.

This Singapore entrepreneur quit own venture in rare display of succession planning

So serious is the problem that succession planning has taken off as an industry in Singapore and elsewhere in Asia, with everyone from PE funds to M&A consultants vying to help companies transition to the next generation.

India ride-hailing firm Jugnoo to shut down Singapore app: Report

Jugnoo will team up with Kardi, a Singapore-based ride-hailing startup, and provide it with tech and engineering support.

Singapore sports tech startup Rovo raises $472k, acquires rival Footy SG

Rovo’s seed round was led by East Ventures and backed by Golden Gate Ventures.

Openspace Ventures closes second Southeast Asia fund at $135m, LPs include Temasek

Openspace now has secured $225 million in total committed capital from its limited partners.

Macquarie Capital’s Green Investment Group acquires solar assets from Conergy Asia

This acquisition is seen to complement GIG’s expertise in wind, waste-from-energy and disruptive green energy technologies.

Temasek backs Orchard Therapeutics’ $150m Series C round

Temasek is a return backer, having previously invested in Orchard’s $110-million Series B funding round in December 2017.

SG’s CapitaLand acquires two prime residential sites in Guangzhou for $297m

The acquisition comes less than three months after CapitaLand announced its purchase of a 32-hectare prime mixed-used site in Chongqing for Rmb5.7 billion ($867 million).

We’re actively scouting for companies in Asia, says Simin Zhou of UL Ventures

UL Ventures targets investments in digital manufacturing, autonomous systems, smart cities, digital health and cyber security.

Morgan Stanley intern rises to senior Southeast Asia role in 7 years

The U.S. firm has appointed Jannie Tsuei, who started as an intern in New York in 2011, as chief operating officer for Southeast Asia investment banking.