Didi’s car services spinoff Xiaoju acquires auto care firm Hiservice

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Xiaoju was recently spun off into an independent unit after securing $1 billion from parent Didi Chuxing.

Didi Chuxing

Musk’s Tesla buyout plan – No formal offer, no firm deals with advisers

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Three members of Tesla’s board will now weigh whether it is advisable – or even feasible – to pursue what could be the biggest-ever go-private deal, and they are doing so before receiving a formal proposal from the CEO.


Mubadala offers to sell $150m worth of shares in Malaysia’s RHB Bank

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The shares represent approximately 3 percent of RHB’s enlarged share capital.


Malaysia’s AirAsia divests from Expedia JV, last non-core investment

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AirAsia Group and Expedia formed the JV, AAE Travel Pte Ltd in 2011, in which Expedia held 75 per cent stake since 2015.


India Digest: CCI clears Adani-Ruchi, Teleperformance-Intelenet deals; Future Retail may get foreign investor

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Adani Wilmar had emerged as the highest bidder for Ruchi Soya with an offer of about Rs 6,000 crore.


US travel giant Booking Holdings acquires Australia’s HotelsCombined for $140m

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HotelsCombined is a hotel metasearch engine that claims to aggregate more than 2 million deals from hundreds of travel sites and hotel chains.


IFC seeks to invest $21m in Leap India’s fresh funding round

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The investment will help the company meet capital expenditure for the next five years, grow operations, and achieve next stage of growth.


Asia Digest: IDG Capital backs Taiwan’s Dexon; Australia’s Seek leads $10m round in GO1

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Blockchain platform developer Dexon Foundation has raised $20 million in a private placement led by China’s IDG Capital.


China’s Sinochem in talks to transfer 33.6% stake in WEPEC refinery to PetroChina

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The move is in line with a transformational strategy pushed by Sinochem chairman Ning Gaoning to zero in on core assets as it finalizes a merger with ChemChina.


Elon Musk says Goldman, Silver Lake advising on Tesla buyout plan

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Elon Musk said he’s getting advice from Goldman Sachs and private-equity firm Silver Lake on taking Tesla Inc. private, as the billionaire drip feeds details of a potential deal valued at more than $70 billion.