By Ka Kay Lum
The investment from Aflac comes after British tycoon Michael Spencer-backed IPGL upped its stake in Singapore Life last month.
Here are Momentum Works’ 10 predictions for 2019 ranging from ride-hailing and payments to e-commerce and venture capital.
It’s been a milestone year for Southeast Asia, not just in terms of additional dry powder, but also for gender diversity in the venture capital world.
Chinese bike-sharing unicorn Ofo’s cashflow problems at home are taking a toll on its overseas operations, with Singapore being among the countries where its operations appear to be in total disarray.
For Thakral, the joint venture is part of its effort to further strengthen its position in China’s at-home beauty device market.
The acquisition was reportedly carried out by Hong Kong-based PE real estate firm ARCH Capital Management’s arm ARCH Capital Property Advisors on GIC’s behalf.
For the latest fund, the target markets will be North Asia, China, Southeast Asia, Australasia and the Indian subcontinent.
GIC has joined Coller Capital and Neuberger Berman in leading the GP-led restructuring process for Thomas H Lee Partners’ largest fund.
The firm had previously announced a $3-billion target for the round that was expected to close this year.
Play Ventures is a newly-formed VC, and targets early-stage startups operating in the games and gaming services space from across the world.