Asian private equity investor LionRock Capital has agreed to buy a minority stake in Italian football club Internazionale Milano (Inter Milan), which has been controlled by Chinese electronics retailer Suning since 2016.
LionRock is taking a 31.05% interest held by Erick Thohir, an Indonesian media tycoon who led an acquisition of the club in 2013. The deal is reportedly worth EUR150 million ($171 million). Suning paid...
Chinese gene therapy specialist Exegenesis Bio has received $20 million in Series B funding led by Legend Capital. It will be used to support clinical development of the company’s drug portfolio.
Alibaba Group has led a $300 million round for Chinese electric vehicle (EV) manufacturer Xpeng Motors. It comes barely two weeks after the company closed an extended Series C round of $500 million.
EDBI, the investment arm of Singapore’s Economic Development Board, has invested in Vesta, a US-based fraud and payment technology start-up with ambitions to expand into Asia.
Hana Financial has invested KRW100 billion ($85 million) in a portfolio of Korean waste to energy (WTE) projects controlled by Global Infrastructure Partners (GIP).