By Ka Kay Lum
Online streaming platform iflix has tied up with global content platform Wattpad to co-produce original movies based on Wattpad stories from Indonesia.
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.
Jugnoo will team up with Kardi, a Singapore-based ride-hailing startup, and provide it with tech and engineering support.
Rovo’s seed round was led by East Ventures and backed by Golden Gate Ventures.
Openspace now has secured $225 million in total committed capital from its limited partners.
This acquisition is seen to complement GIG’s expertise in wind, waste-from-energy and disruptive green energy technologies.
Temasek is a return backer, having previously invested in Orchard’s $110-million Series B funding round in December 2017.
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).
UL Ventures targets investments in digital manufacturing, autonomous systems, smart cities, digital health and cyber security.
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.