PAG buys majority stake in Chinese dating service Zhenai
PAG Asia Capital has acquired a controlling interest of nearly 75% in Zhenai, a Chinese online matchmaking and dating service provider that earlier this month abandoned plans for a reverse merger in Shenzhen.
It was announced in August that a fund set up by DEA General Aviation Holding – a Shenzhen-listed manufacturer of kitchen appliances and civil aircraft – would partner with other investors to commit...
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Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.