SoftBank says Masayoshi Son’s lieutenant Fisher to leave board
Fisher was an architect of SoftBank’s disastrous bet on office space firm WeWork.
JD Logistics said to raise $3.16b in HK IPO
JD Logistics is due to debut on the Hong Kong Stock Exchange on May 28.
Indonesian agritech startup TaniHub raises $65.5m in Series B led by MDI Ventures
The company said that it will use the proceeds to expand its footprint in Indonesia.
China’s Meridian Capital closes its sixth RMB fund at $329m
Meridian Capital had closed its fifth RMB fund at 2 billion yuan in 2016.
Vietnamese social commerce platform Mio raises $1m and other SE Asia deals
DealStreetAsia has put together a table listing out main VC deals in the region this week.
Genesis, Warburg-backed Chinese edtech firm Zhangmen files for US IPO
Before moving towards the IPO, Zhangmen has completed eight funding rounds.
Indian IT firm Mindtree to buy L&T’s cloud platform NxT Digital Business for $27m
The acquisition is expected to enhance Mindtree’s cloud-based IoT and AI capabilities.
GoTo can propel Bank Jago’s growth, but it has the incumbents to contend with
While the merged entity’s captive market is huge, luring Indonesians to pure-play digital banking is a challenge.
US-based VC firm Goodwater Capital sees Vietnam as a core market in SE Asia
“We’re very impressed with the entrepreneurs in the market,” said co-founder Eric Kim.
How financial services is at the core of Indonesia’s digital economy play
Financial services has emerged as a common thread among many firms in the region seeking an IPO.
