Deals

S Korea’s SK Group said to have closed an investment in Vietnam’s Pharmacity

Pharmacity's holding company Maroon Bells had raised $44m in bonds in August.

Xiaomi to open car plant in Beijing with annual output of 300,000 vehicles

In March, Xiaomi said it would commit to investing $10 billion in a new electric car division over 10 years.

Singapore’s Coinstore enters India even as government plans bill to regulate crypto

Coinstore is the second global exchange to enter India in recent months, after CrossTower

Editor’s take: The week that was — Nov 22-27

This edition features updates from ChrysCapital, Vertex China and Blume Ventures, among others.

India’s ITC makes first D2C investment with 16% stake buy in Mother Sparsh

ITC will pay $2.7 million for the stake.

HK firms scoop up properties from Chinese developers in distress

The trend will help HK property tycoons to boost their dominance in the Chinese-controlled territory.

PH-based Universal Robina buys Malaysia’s Munchy Food from CVC Capital for $453m

With this, CVC has fully exited from its three-year-old investment in Munchy.

Matrix backs Yiwu Technology and 10 more deal updates from Greater China

The corpus raised will be used by the company to expand its operations.

Asia Digest: SoftBank invests $300m in LTK; Japan’s Forest raises $8m seed round

The round has brought the valuation of LTK to $2 billion.

Japanese space startup Astroscale raises $109m in Series F funding round

The funding round was led by THE FUND Limited Partnership in Japan.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).

A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories.
A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).

A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories.
A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.