Starbucks pins hopes on China as US growth cools

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US restaurants are locked in a bitter fight for market share, battling new competition from non-traditional rivals such as meal kit sellers and convenience stores.

Starbucks

India Dealbook: Info Edge invests in BigStylist, Wishbook; Advanced Enzyme to buy Evoxx

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This is the third investment by Info Edge in BigStylist.

Philippines: Carret Private to acquire 20% stake in Maestro Holdings

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Maestro Holdings Inc is a Filipino financial services firm under the Tanco Group of companies.

Starbucks to buy out East China JV partners for $1.3b in biggest acquisition

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China is Starbucks’ fastest-growing market outside the US by number of stores.

Thailand’s PTT Venture picks stake in Malaysia LNG project for $500m

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This comes barely a day after Petronas scrapped a $29b LNG project in Canada.

India Digest: Tata Industries, Vedanta raise funding via bonds

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The buyers include Birla Sunlife Mutual Fund, Aditya Birla Finance and Kotak Mutual Fund.

China’s state enterprises to become joint stock firms by end-2017

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Beijing is trying to create “stronger” conglomerates capable of competing on global stage.

US healthcare insurer Aetna buys Bupa Thailand for Asia expansion

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Bupa Thailand will continue operating under the Bupa brand for a while.

India Dealbook: Dentsu acquires Sokrati; Bird Group buys hotel in UK

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While Dentsu Aegis has acquired Pune-based data analytics firm Sokrati, the Bird Group has bought its third hotel in Britain. Dentsu acquires IvyCap-backed data analytics firm Sokrati Dentsu Aegis Network Ltd has signed an agreement to acquire a 51 per cent stake in IvyCap-backed data analytics and performance marketing firm Sokrati Technologies for an undisclosed… Read more »

Japan: Daiwa Securities agrees to buy Signal Hill, Sagent in US push

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The deals will boost Daiwa’s mergers and acquisitions advisory business in North America.