XIO's acquisition of J.D. Power in 2016 attracted U.S. government scrutiny because the buyout firm has investors from China.
J.D. Power’s China-backed PE owner puts company up for sale
CVC-backed sanitary product maker Softex Indonesia mulls $500m IPO
Singapore VC Majuven joins Myanmar-focused Daung Capital’s Series A
Chinese regulator to take over Baoshang Bank due to credit risks
Huawei seeks $1b in first big funding test after US blacklist
IFC mulls $3m investment in Dubai-based logistics startup TruKKer
Vietnam’s Vingroup acquires e-wallet platform MonPay
Singapore O2O platform Fave buys CutQ, FoodTime in SE Asia push
IPOs & Markets
Softex has met potential advisers for a share sale in Indonesia that could happen this year.
The startup announced the first close of its Series A round last month.
Policy & Regulations
China Construction Bank will be asked to handle the operations of the small lender.
The world’s largest provider of networking gear is seeking an offshore loan in either US or HK dollars.
Shiyu has earlier backed WuXi PharmaTech, Yikang Medicine, GloriousMed and Crystal Pharmatech.
The move is seen to boost non-cash payments in the country.
Singapore sits at the centre of the fast-growing and internet-obsessed Southeast Asian region.
Fave also acquired Groupon Singapore in 2017.
Awfis announced last year that it would raise $20 million from Sequoia, others in Series C round.
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