Deals

India’s Federal Bank gets approval to raise $124m from IFC

The bank also seeks to raise up to Rs 4,000 crore either through rights issue or through any other permissible mode or a combination.

China’s Venturous Group raises $131m from Fidelity, others

The funding round was oversubscribed after exceeding an earlier target of $80 million,

India: Nazara Technologies acquires Turkish game publisher Publishme

Nazara will acquire 69.82% of the company, as it looks to strengthen its presence in the MENA region.

TikTok owner ByteDance’s total revenue up 111% to $34.3b in 2020

It had 1.9 billion global monthly users in December 2020 for all its apps including TikTok.

Philippine Airlines’s parent posts record loss, prepares restructuring plan

PAL Holdings is in the final stages of putting together a debt restructuring plan for the flag carrier.

Baidu unit aims to offer robotaxi service to 3m users in 2023

Baidu is partnering with BAIC Group’s electric vehicle brand ARCFOX to produce EV robotaxis.

Indonesian fishery platform Aruna said to be in talks with Prosus to raise up to $30m

Aruna had raised $5.5m from East Ventures, AC Ventures, and SMDV in 2020.

Macquarie Asset Management raises $846m to invest in Asia-Pacific region

Macquarie Asset Management and its partners have invested over $12 billion in the region’s real estate sector since 2012.

SoftBank-backed Ola’s EV arm in talks to supply electric scooters to India’s CESL

CESL plans to supply 200,000 two-wheeled EVs and 300,000 three-wheeled EVs across India.

Blackstone to buy office developer SOHO China in $3b deal

Soho China went public in HK in 2007 and is known for its futuristic office buildings in the mainland.

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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.