Facebook has acquired a 9.9% stake in Jio Platforms, the holding company behind a number of apps and the parent of India's largest telecom operator.
Reliance Industries, the parent group, announced the transaction in a statement. It said the investment meant Jio Platforms was valued at INR435.7 billion ($65.9 billion). Founded towards the end of...
PAI Capital, a Hong Kong and London-based asset manager that primarily caters to high net worth individuals (HNWIs) has paid RMB1.45 billion ($212 million) for a 24.22% stake in Vtron Group, a Shenzhen-listed video display systems manufacturer.
Vietnam’s VinaCapital and Japan’s Daiwa PI Partners have sold the remainder of their interest in Vietnamese dairy producer International Dairy Products (IDP).
A consortium led by China Resources Capital (CR Capital) has agreed to acquire a 65% stake in Hong Kong retail and supermarket operator City Super Group.
Indian online used car marketplace Spinny has acquired local counterpart Truebil, setting up several venture capital exits.