Bhupendra Singh ChundawatSecoo official forms alliance amid Chinese luxury market revival with Parkson Retail Group. Beijing, China – January 24, 2018 — Secoo Holding Limited, China’s largest premium e-commerce platform, signed a strategic collaboration contract with Parkson Retail Group, a leading international department store also operating in China. The two’s alliance will expand the NASDAQ-listed company’s offline … Read more
24/1/2018 – Singapore’s state investor Temasek Holdings has joined a group of top technology investors, led by Activate Capital in funding the US$80 million Series D round in behind-the-meter battery startup Stem. According to John Carrington, the CEO of Stem Inc., the three investors include Temasek, Activate Capital, and Ontario Teachers’ Pension Plan, which brings … Read more
SET-listed food and beverages firm Malee Group has made a 65 percent stake acquisition in Long Quan Safe Food Joint Stock Company for 332 million baht (about US$10.5 million). The acquisition is scheduled to be completed in the first half of 2018 and comes as part of Malee’s strategy to tap into overseas market as … Read more
26/1/2018 – Vertex Ventures Holdings Ltd, a member of Temasek Holdings has recently led a Series A round in Malaysian PoS startup StoreHub, alongside other investors including Cradle Seed Ventures, Accord Ventures, and Fintonia. With this newly raised capital, StoreHub plans to expand its presence in Malaysia, Thailand, the Philippines, as well as opening new … Read more
29/1/2018 – Digital health startup Naluri today announced that it has raised about MYR1 million (about US$258k) in its seed financing round from Singapore’s healthcare analytics firm BioMark and 500 Startups through its Southeast Asia-focused fund 500 Durians. Commenting on the investment, co-founder of BioMark Dr Christopher Ting said, “Our investment is based on the … Read more
29/1/2018 – PetroVietnam Gas (PV Gas). a state-owned Vietnamese energy firm is seeking government approval for a divestment plan to sell 30 percent of its stock to a strategic partner by 2020. According to Le Nhu Linh, the Chairman of PV Gas, the approved strategic partner is expected to be one of PV Gas’s existing … Read more
30/1/2018 – Mekong Capital, a private equity firm which focuses on Vietnam has announced that its Mekong Enterprise Fund II (MEF II) has made a full exit from its investment in MobileWorld Investment Joint Stock Company (MWG). On 29th January, the firm sold its final block of 5 million shares at the price of VND … Read more
