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Galaxy Holdings, Puji Capital announces joint venture platform to back foreign businesses in Shenzhen

Galaxy Holdings and Puji Capital has recently formed a strategic joint venture to provide investment capital and act as a business incubator for foreign companies entering the China market. They will invest in more than 10 startups across mobile gaming, media technology and consumer hardware.

Hathway Cable Unit GTPL Hathway files papers for IPO to raise US$45 million

Multi-system (MSO) GTPL Hathway, a subsidiary unit of Hathway Cable & Datacom Ltd has filed for a Rs 300 crore IPO (approximately US$45 million) which proceeds will be used to reduce debt. Hathway's IPO will consist of both a primary offer and an offer for sales by the promoters.

Huawei acquires Israel cyber security startup HexaTier for US$42 million

Chinese giant Huawei has recently acquired HexaTier, an Isreali cyber security startup for US$42 million. The smartphone maker will use HexaTier to set up an R&D center in Israel for databases in the cloud.

Tiger Brokers raises US$29 million Series B funding round backed by CITIC Goldstone, Huagai...

Beijing-based online brokerage company, Tiger Brokers Co has raised up to 200 million yuan (about US$29 million) in a Series B funding round participated by Citic Goldstone Management Co Ltd, and Huagai Capital.

Baby Pictures mobile app Qinbabao closes Series B funding led by China’s Fosun Group

Fosun Group, China's global investment firm has led the Series B investment round in Qinbaobao, a baby picture mobiles app that allows users to upload and share baby pictures and videos.

Dasin Retail Trust seeks Singapore IPO to raise US$84.5 million

Chinese mall business, Dasin Retail Trust is looking to raise at least 586.4 million yuan (about US$84.5 million) in its initial public offering on the Singapore Exchange (SGX) mainboard.

Taiping Assets Management leads US$309 million round in Shouqi Car Rental

Shouqi Car Rental raises US$309 million in a fundraising round led by Taiping Assets Management. Tianan Property Insurance and CCB International has also participated in the investment.

Indonesia MDS raises ownership in Matahari Mall online for US$12.2 million

Indonesian retail firm MDS has increased its ownership in Global Ecommerce Indonesia (GEI), the parent company of local e-commerce startup, for a price tag of RP 164.9 billion (about US$12.2 million).

SATS to acquire 10% stake in Evergreen Sky Catering Corp for US$22.3 million from...

Singapore-listed SATS has entered into a conditional share sale agreement with Malaysia Airlines to acquire a 10 percent stake in Evergreen Sky Catering Corporation (ESCC) for RM100 million (about US$22.3 million).

Taiwan’s Next Entertainment raises US$25 million in Series A round led by China live...

Taiwan-based Next Entertainment, a live broadcasting platform, has closed its US$25 million in Series A financing which is led by Inke with participation from FunPlus, GSR Ventures and Mayfield. The funds will be used for global expansion.
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