Softbank
Walmart to pay $16b for majority stake in India's Flipkart
Walmart has agreed to pay $16 billion for a 77% stake in Flipkart, an Indian e-commerce business that has received substantial private funding. The deal will facilitate full exits for several investors, including SoftBank’s Vision Fund.
Ping An healthcare business trades flat after $1.1b IPO
Ping An Healthcare & Technology – operator of the Chinese healthcare-focused mobile app known as Ping An Good Doctor – closed flat on its Hong Kong trading debut following an HK$8.77 billion ($1.1 billion) IPO.
SoftBank leads $1.9b funding round for China’s Manbang
The Full Truck Alliance Group, a Chinese trucking logistics firm also known as Manbang, has raised a $1.9 billion funding round led by SoftBank Group.
Ping An online healthcare business targets $1.1b in HK IPO
Ping An Healthcare & Technology - the PE-backed business that runs the healthcare-focused mobile app known as Ping An Good Doctor in China - is looking to raise up to HK$8.77 billion ($1.1 billion) in its Hong Kong IPO.
SoftBank, Alibaba invest $445m in India’s Paytm
SoftBank Group and Alibaba Group have invested $445 million in Paytm Mall, the e-commerce arm of Indian online payments platform Paytm.
PE-backed Grab to buy Uber's Southeast Asia operation
Grab, a private equity-backed ride-hailing platform headquartered in Singapore, has agreed to acquire the Southeast Asia operations of global rival Uber. It follows a similar arrangement struck two years ago between Didi Chuxing and Uber in China.
China’s Ping An raises $2.2b for healthcare, fintech units
Ping An Insurance Group has raised $2.2 billion in private equity funding for its three technology businesses: Ping An Good Doctor, Ping An Healthcare Management, and OneConnect Financial Technology.
Ping An healthcare app files for Hong Kong IPO
Ping An Healthcare & Technology - the PE-backed business that runs the healthcare-focused mobile app known as Ping An Good Doctor in China - is seeking a separate listing in Hong Kong from its parent company Ping An Insurance.
VCs commit $30m to Japanese recipe-sharing start-up
SoftBank and YJ Capital have taken part in a JPY3.4 billion ($30.2 million) funding round for Japanese online food media start-up Dely.
Technology: Auto ambitions
Private equity firms and strategic investors are driving an automotive technology arms race in Asia
SoftBank, Mubadala in $4b round for China’s Didi Chuxing
Chinese ride-hailing app operator Didi Chuxing, which has received substantial PE and VC backing, has raised $4 billion in a new round of funding from investors including SoftBank Group and Abu Dhabi sovereign wealth fund Mubadala.
Indian regulator reviews SoftBank’s Flipkart investment
SoftBank Group’s investment in Indian e-commerce giant Flipkart, which is expected to facilitate an exit for several existing investors, is being reviewed by the country's competition regulator.
VCs join $25m round for Singapore's ShopBack
Singapore-based e-commerce aggregator ShopBack has raised a $25 million funding round from investors including East Ventures, SoftBank, and 33 Capital.
Ola confirms Tencent investment, targets $2b round
China's Tencent Holdings has led a $1.1 billion investment in Indian ride-hailing app developer Ola. The company is in talks with other investors to raise a further $1 billion as an extension of this funding round.
PE-backed Zhong An climbs 9.2% on Hong Kong debut
Zhong An Insurance, a Chinese online-only insurance business backed by Alibaba Group, Tencent Holdings and Ping An Insurance as well as several PE investors, gained 9.2% on its trading debut in Hong Kong.
PE-backed Zhong An Insurance targets $1.5b HK IPO
Zhong An Insurance, a Chinese online-only insurance business backed by Alibaba Group, Tencent Holdings and Ping An Insurance as well as several PE investors, is looking to raise HK$11.9 billion ($1.5 billion) through a Hong Kong IPO.
SoftBank Vision Fund leads $250m round for India's Oyo
SoftBank Vision Fund, the global technology investment vehicle managed by Japan’s SoftBank Group, has led a $250 million Series D round for Indian online hospitality platform Oyo.
Singapore’s EDBI in $33m round for Taiwan AI player
Singapore-based EDBI has joined a $33 million Series C round for Taiwanese artificial intelligence (AI) company Appier. It brings the company’s total funding to date to $82 million.
SoftBank Group, Vision Fund invest $4.4b in WeWork
US-based co-working space operator WeWork has received commitments totaling $4.4 billion from Japan’s SoftBank Group and its SoftBank Vision Fund.
Alibaba leads $1.1b round for Indonesia’s Tokopedia
Tokopedia, a venture capital-backed online marketplace in Indonesia, has received a $1.1 billion funding round led by Alibaba Group that will see the Chinese e-commerce giant become a minority stakeholder.
SoftBank invests $2.5b in India's Flipkart
Japanese technology conglomerate SoftBank Group has invested $2.5 billion in Indian e-commerce giant Flipkart through the acquisition of primary and secondary shares.
India's Snapdeal calls off merger with Flipkart
Indian online marketplace Snapdeal has called off a planned merger with rival Flipkart and will pursue a restructuring plan to allow it to survive as an independent entity. Both companies have substantial PE and VC backing.
Hony, SoftBank commit $500m to WeWork China unit
US-based co-working space operator WeWork has raised $500 million from investors led by Hony Capital and Japan’s SoftBank to create a dedicated Chinese entity as part of efforts to compete with local rivals.
SoftBank, Didi Chuxing invest $2b in Southeast Asia's Grab
Southeast Asian ride-hailing app operator Grab has received $2 billion from SoftBank and Chinese peer Didi Chuxing as part of what is expected to be a $2.5 billion funding round.