China’s vegetable selling app Meicai said to raise $450m from Tiger Global, others at $2.8b valuation

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The funding underscores the lofty valuations Chinese companies are fetching in a market awash with capital.

Vietnam: Mekong-backed restaurants chain Red Wok acquires peer Quan Ut Ut

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Quan Ut Ut and BiaCraft restaurant chains have been present in Vietnam since 2014 with 4 branches in HCMC. 


India Dealbook: NCR Corp sells part of ATM biz ; EPF backs 3 startups; SalesPro gets funding

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Subsequent to the acquisition, EPS will be managing more than 11,000 ATMs in India on behalf of banks.


Philippine Digest: Phoenix Petroleum completes FamilyMart buy, AboitizPower invests in 4 new plants

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Phoenix Petroleum will put up FamilyMart stores in central business districts, targeting BPO employees.


Rocket Internet ready to pounce on opportunities with cash pile: Oliver Samwer

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Rocket is invested in more than 100 startups, with its stakes in the five biggest of them potentially worth over 1 billion euros.


Jagatjit Industries raises $41m in structured credit from Indiabulls arm

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The funds raised will retire the debt of US private equity giant KKR’s lending arm and UBI and provide much needed infusion to address the working capital needs.


Singapore: EFA Group’s latest SME trade finance fund deploys $100m since launch

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EFA will develop the SME trade financing platform to service more geographies in Asia in 2018.


Thailand Digest: DEPA to launch $6.2m fund; BIZ to set up cancer hospital via JV

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The new DEPA fund will support the business expansion of startups and small and medium-sized enterprises in the country.


Singapore’s BM Mobility offers to buy Malaysia’s electric car-sharing firm UNiRIDE

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The proposed acquisition would give BM Mobility the Malaysian dealership rights for the car sharing business.


Singapore: Japan’s Itochu invests $59m in OUE Lippo Healthcare

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Itochu intends to diversify into Asia’s growing healthcare market by taking a strategic stake in OUELH, which operates nursing care facilities.