India: Tata Sons said to be in early talks to buy debt-laden Jet Airways stake

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Tata has sought management control of Jet Airways, seeking at least 26% initially and another 26% via an open offer later.

Takeda gets Japanese approval for $62b Shire purchase

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The deal, which will be the largest overseas purchase by a Japanese company, has already received unconditional clearance from regulators in the United States, Brazil and China.


SG’s Hyflux to sell majority stake to Indonesia’s Salim Group, Medco

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Salim Group and Medco Group agreed to acquire 60% of Hyflux for S$400 million ($290 million), a move that gives it a lifeline for its struggling business.


Singapore IT services firm Everise scouting for more M&A deals

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Everise, owned by Sunrise BPO Services, PE firm Everstone Group and ACPI, recently acquired Malaysia-based AI startup Hyperlab.


JD.com forays unto China’s giant parcel delivery market

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The move could help the firm leverage its network of warehouses and drivers to bolster flagging profits.


China’s crypto startup Cobo snags $13m Series A, to expand to SEA, US

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The latest funding round, which was led by DHVC and Wu Capital, brings Cobo’s total funding to $20 million.


India: Swiggy close to raising $900m in fresh funding from Naspers, Tencent

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While RB Investments and Bessemer Venture Partners may sell out completely in the round, Accel Partners is looking to partially exit its shareholding. 


Thai market poses unique challenges, says Go-Jek’s head of international expansion

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The Indonesian ride-hailing giant is up against strong local habits and customs around transportation in Thailand, Go-Jek’s Vice President for International Expansion, Andrew Murphy, said.


PHI Group acquires 51% of Vietnamese hospitality firm Saigon Pho Palace

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Saigon Pho Palace currently operates a chain of restaurants that cater to wedding banquets and convention events and plans to build 35 more such restaurants by 2025.


Uber’s Middle East rival Careem secures $200m fresh funding

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The $200 million was the first close of a funding round in which it expects to raise over $500 million.