MBK Partners has agreed to assume majority control of the credit card business of South Korean conglomerate Lotte Corporation in a deal worth KRW1.38 trillion ($1.17 billion).
Lotte said in a filing that MBK would take a 79.83% equity interest in the business and have the right to transfer up to 20% to Woori Bank. Lotte will retain 13.95%. It is the company’s second announced...
Newlink Group, operator of a platform that helps drivers in China locate the best value gas stations, has raised a RMB900 million ($128 million) Series D round led by China Capital Investment Group. Xiaomi Corporation also participated.
Chinese biotech start-up Harbour BioMed has raised $102.8 million in Series C funding. It comes four months after it closed an extended Series B round of $75 million.
Vietnam’s VinaCapital and Japan’s Daiwa PI Partners are poised to make a partial exit from Vietnamese dairy producer International Dairy Products (IDP).
BlueCity Holdings, the VC-backed holding company for Chinese gay dating platform Blued, traded strongly after raising $84.8 million through a NASDSAQ IPO.