Tencent Holdings has led a Series B round of funding worth $60 million for Hong Kong-based online brokerage Futu5.com, with participation from Matrix Partners and Sequoia Capital.
Futu5 is a Hong Kong-registered securities broker focused on the Hong Kong, US and China A-share markets. Founded two years ago, it has accumulated 300,000 customers and generated more than HK$100 billion...
HESTA has acquired a A$120 million ($85 million) equity stake in Australian enterprise software and IT services provider Citadel, following its merger with medical practice software specialist Genie Solutions.
CVC Capital Partners has agreed to sell Malaysia-based snack foods producer Munchy Food Industries to Universal Robina Corporation (URC) – a branded consumer food and beverage business in the Philippines – for MYR1.93 billion ($454 million).
There is not enough capital in Asia to address the number of secondary opportunities – mirroring the situation globally – with investors claiming to have more transaction choices than ever before.
Moore Threads, a Chinese chip designer established 13 months ago by a team from Nvidia, has closed Series A at RMB2 billion ($313 million) led by Shanghai Guosheng Capital, 5Y Capital, and a BOC International fund.