Standard Chartered PE arm invests in China’s online lender Dianrong.com
A consortium partly led by the private equity arm of Standard Chartered PLC has invested $207 million in China’s Dianrong.com, the peer-to-peer online lender said last week, the latest international...
View ArticleFintech turns hottest global bet with VC deployment doubling to $13.8b in 2015
Apart from tougher regulations and low interest environment, mainstream banks worldwide count digitisation and fintech as the biggest challenge the industry is facing. It is not difficult to see why....
View ArticleFunding for VC-backed Asian fintech cos quadrupled to $4.5b in 2015
With China and India leading the way, investment in the Asian fintech space quadrupled year-on-year to $4.5 billion in 2015 owing to the 130 deals during the year as compared to 119, a year ago....
View ArticleChina: Biotech company iCarbonX valued at $1b after Series A round
China-based artificial intelligence platform for health data company iCarbonX is now valued at approximately $1 billion after completing a Series A round of financing recently, according to a report on...
View ArticleTemasek-backed StanChart raises $5.1bn in stake sale
Temasek Holdings-backed Standard Chartered has raised about $5.1 billion after 96.8 per cent its shareholders exercised their rights in a share sale on Friday, signalling confidence in Group CEO...
View ArticleChina’s P2P biggies shrug off crackdown, say they already comply with new norms
China’s bid to tame its peer-to-peer (P2P) lending sector could cost smaller platforms some business, but the impact on larger players will be limited, and some of the new restrictions will be hard to...
View ArticleStanChart PE refers corruption allegations at Indonesian company to authorities
Standard Chartered has referred allegations of impropriety at an Indonesian company that the bank’s private equity arm invested in to the appropriate authorities, the bank said on Tuesday. The Wall...
View ArticleKorean cos keen on Vietnam’s burgeoning startup ecosystem
Following in the footsteps of venture capital (VC) firms and investors from Singapore and the US, Korean players are now making their presence felt in the Vietnam startup space. Since 2015, Vietnam has...
View ArticleChina: Online lender Dianrong buys Quark Finance asset-origination operations
Chinese online marketplace lending firm Dianrong has acquired the asset-origination operations and new credit studio platform of Quark Finance, a financial services and personal loan site based in...
View ArticleSingapore: CPPIB backs GIC-led $1b investment in entertainment firm WME/IMG
Canada Pension Plan Investment Board (CPPIB) will invest $400 million in William Morris Endeavor Entertainment LLC (WME/IMG), representing an 8 per cent minority interest in the company, as part of a...
View ArticleSingapore: GIC leads $200m Series D in China’s P2P lender Dianrong
Chinese online lending marketplace Dianrong has closed a $200 million Series D round led by Singapore’s sovereign wealth fund GIC, along with CMIG Leasing, Simone Investment Managers, and other...
View ArticleChina: Sino Fortune buys $2.8m equity interest in online lender TouZhiJia
Chinese fintech solutions firm Sino Fortune Holding Corp has acquired a 4.45 per cent stake in Shenzhen TouZhiJia Financial Information Service Co Ltd (TouZhiJia) for about $2.8 million (RMB19.1...
View ArticleHK-based FinEX Asia closes $50m round in US online lender Prosper Marketplace
FinEX Asia, a global fintech marketplace, has said its private equity fund manager closed a Series G round investment worth $50 million in Prosper Marketplace, a US online lending platform for consumer...
View ArticleSovereign funds’ corporate deals halve in Q3, Asians funds GIC, CIC stay active
The value of corporate deals with sovereign wealth fund (SWF) participation halved in the third quarter as oil-driven funds continued to take a back seat. Asian funds GIC of Singapore and CIC of China...
View ArticleBitcoin startup Abra raises $16m Series B from Foxconn, Arbor Ventures,...
US and Philippines-based bitcoin startup Abra has raised $16 million in a Series B round led by new investor HCM International, Foxconn’s venture subsidiary. The round was joined by Silver8 Capital,...
View ArticleMom and pop pile into Hong Kong IPOs in $163b bonanza
Mom-and-pop investors haven’t been this crazy for Hong Kong initial public offerings since 2009. Hong Kong retail stock buyers placed orders for $163 billion worth of equity in this year’s major deals,...
View ArticleJapan’s J-Star backs investments in Itty, Harita Metal & Yokoi Manufacturing
Japanese private equity major J-Star has announced its investment into Itty Holdings, Harita Metal and Yokoi Manufacturing. Its official statements did not disclose any financial terms of these...
View ArticleJapan’s Orix invests $60m in GIC-backed Chinese P2P lender Dianrong
Orix Corp has invested $60 million in peer-to-peer lending platform Dianrong, in what is the Japanese financial firm’s first investment in a Chinese fintech venture as it looks to tap into the...
View ArticleJapan’s Orix leads $39m funding in Chinese startup Innostic
Innostic, a Chinese medical consumable supply chain management platform, has raised $39 million in Series A round of funding led by Japan’s financial services firm Orix Corporation, said a China Money...
View ArticleSingapore’s GIC said to have invested $92.6m in Korean retailer E-Land Group
Singapore’s sovereign wealth fund GIC has injected 100 billion won ($92 million) into Korean retail major E-Land Group, according to South Korean media reports. The round was part of a 200-billion won...
View Article
