Deals

Sumitomo Mitsui to buy London-based asset manager TT International

The Tokyo-based megabank is expected to spend $188 million on the acquisition of TT International.

SoftBank-backed Oyo to rebrand Hooters hotel in Vegas

Oyo said it would partner with restaurant operator Highgate, which runs the Hooters hotel in Vegas, to rebrand it Oyo Hotel and Casino.

Rest of Asia

HSBC cuts M&A team in Japan and Australia, to focus on HK, Southeast Asia

HSBC Holdings Plc cut about 10 banking jobs in Japan and Australia, eliminating the merger advisory teams based in those countries.

China/HK

China’s Zhiketong closes $42m in series C funding round led by China CYTS Tours

Sequoia Capital China, IDG Capital, Shunwei Capital Partners, and Vision Plus Capital also participated in the round.

Rest of Asia

SoftBank-owned Fortress left as sole bidder for Unizo after HIS bows out

The tug-of-war over Unizo has marked a stark departure from most acquisitions in Japan, where takeovers tend to be pre-agreed deals waiting to be rubb

China/HK

Volkswagen mulls buying stake in Chinese auto suppliers

VW has been examining several possible targets including Guoxuan High-Tech Co., a battery maker based in China’s Anhui province.

Philippines

PH-listed AboitizPower to acquire Vietnam’s Mekong Wind for $46m

AboitizPower will acquire Mekong Wind from the Armstrong Southeast Asia Clean Energy Fund.

Singapore

Decacorn Capital leads $1m seed funding for SG foodtech startup Ai Palette

Ai Palette uses artificial intelligence to help food and beverage manufacturers develop and launch new products.

India

Xiaomi set to enter Indian consumer lending market with Mi Credit

India is Xiaomi's largest market outside China, and it boasts an installed base of some 70 million phones there.

India

Amazon India launches online grocery store assuring 2-hour delivery

The program is powered by Prime Now from 6 am to midnight on Amazon.in.