Alibaba said to be likely suitor for Indonesian fintech startup Cermati

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The startup’s valuation in a recently annulled Series B round was believed to be $25-30 million.

Cermati

Singapore’s Carousell in fundraising talks with Naspers: Report

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Naspers is said to be pursuing a deal with Carousell with a view to making it the firm’s key play in SE Asia and other parts of the APAC region.


Exclusive: Vingroup unit eyes stake in mobile device retailer Vien Thong A

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Established in November 1997, Vien Thong A has nearly 200 stores across Vietnam and 100 warranty centres.


Has IPO-bound unicorn Sea acquired controlling interest in Vietnam’s Foody?

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Sea, formerly known as Garena, was Foody’s series B backer in 2015.


PE firm Gaja Capital begins talks to exit John Distilleries

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Private equity (PE) firm Gaja Capital has initiated discussions to exit its investment in John Distilleries Pvt. Ltd, the makers of Original Choice whisky, said two people aware of the development. John Distilleries was established in 1992 by Paul P. John. It has a strong presence across southern states. Its… Read more »


Is Alipay entering Vietnam riding on Ascend Money deal?

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The Chinese e-commerce giant announced in June that its financial affiliate, Ant Financial, will be buying as much as 30 per cent in Ascend Money. It plans to acquire a 20 per cent equity interest with an option to purchase another 10 per cent.


Is CVC Capital looking to sell Chinese fast food chain Da Niang Dumplings?

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CVC Capital Partners is reportedly in the process of offloading Chinese fast food restaurant chain Da Niang Dumplings, two years after the private equity firm acquired it.


BSI Singapore banker involved in 1MDB investigation leaves firm

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Yak Yew Chee, a BSI Bank Singapore executive whose financial accounts were frozen as part of a probe related to a Malaysian government fund, left the bank in February, according to the firm. Yak had been a relationship manager for 1MDB Global Investments Ltd, a unit of 1Malaysia Development Bhd, whose… Read more »


Low fare airline AirAsia India’s CEO has resigned

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Low fare airline AirAsia India’s managing director and chief executive officer Mittu Chandilya has resigned and a new executive from the parent airline is likely to take over in next two to three months, according to two persons close to the development. “Chandilya has submitted his resignation,” one of the… Read more »


Murdoch’s News Corp denies rumours of Twitter bid

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Rupert Murdoch’s News Corp said rumours about the company’s interest in buying microblogging site Twitter Inc or building a stake in it were untrue. Twitter‘s shares, which rose as much as 14 percent on Wednesday, pared some gains and closed up 4.1 percent at $17.38. The stock rose from a… Read more »