US insurer Aflac picks $20m minority stake in insurtech startup Singapore Life


The investment from Aflac comes after British tycoon Michael Spencer-backed IPGL upped its stake in Singapore Life last month.

Guest post: What does 2019 have in store for Southeast Asia?

Here are Momentum Works’ 10 predictions for 2019 ranging from ride-hailing and payments to e-commerce and venture capital.

2018 in review: A strong year for women in VC

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.

China’s bike-sharing startup ofo faces mounting pressure in Singapore

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. 

SG’s Thakral inks JV with UK-based online retailer to boost China presence

For Thakral, the joint venture is part of its effort to further strengthen its position in China’s at-home beauty device market.

GIC said to snap up Taiwan shopping mall in $450m deal

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.

Axiom Asia collects $1.4b for fifth fund of funds: Report

For the latest fund, the target markets will be North Asia, China, Southeast Asia, Australasia and the Indian subcontinent.

Singapore’s GIC said to join restructuring of Thomas H Lee’s $8.1b fund

GIC has joined Coller Capital and Neuberger Berman in leading the GP-led restructuring process for Thomas H Lee Partners’ largest fund.

Singapore’s Grab said to seek up to $5b in expanded Series H round

The firm had previously announced a $3-billion target for the round that was expected to close this year.

SG-based Play Ventures collects $22m of $40m debut fund targeting gaming startups

Play Ventures is a newly-formed VC, and targets early-stage startups operating in the games and gaming services space from across the world.