South Korean automaker Hyundai has joined the latest funding round for Southeast Asia-based ride-hailing platform Grab. The move comes five months after Toyota also backed the company.
Grab received $2 billion last July from SoftBank and Chinese peer Didi Chuxing as part of what was expected to be a $2.5 billion Series G round. This would take the company’s total disclosed funding...
Cathay Capital Private Equity has reached a first close of EUR600 million ($702 million) for its latest middle-market Sino-European fund. The target is EUR1.2 billion.
Opera Software, a Norwegian web browser developer acquired by a PE-backed Chinese consortium in 2016, is looking to raise up to $115.2 million in a US IPO.
51 Credit Card, a Chinese online credit card management platform backed by the likes of Tiantu Capital, GGV Capital, and Shunwei Capital, raised HK$1 billion ($128.5 million) in its Hong Kong IPO.
Singapore’s Golden Equator Capital and Korea Investment Partners (KIP) have jointly launched a S$120 million ($88 million) Southeast Asia technology fund focused on start-ups and small to medium-sized enterprises (SME).