Village Grocer, a Malaysian premium grocery chain owned by Navis Capital Partners, has taken over domestic rival Bens Independent Grocer (BIG).
The deal will see Village Grocer Holdings (VGH) take a 100% stake in BIG from conglomerate the Big Group, which is divesting its retail grocery branch in order to focus on its food and beverage business....
Investors appear to be discounting Asia risk in the face of rising political concerns, ranging from North Korea to Myanmar
Chinese electric vehicle maker CHJ Automotive has completed a RMB3 billion ($474 million) Series B round led by Matrix Partners China and Shougang Fund, an investment firm backed by state-owned steel producer Shougang Corporation.
Naspers has sold a small portion of its stake in Tencent Holdings – the Chinese internet giant in which it acquired an approximately one-third stake for $32 million 16 years ago – for HK$76.9 billion ($9.8 billion).
Shunwei Capital has led a $25 million Series B round for ScaleFlux, a hardware firm based in the US and China.