Money

China Airbnb rival Xiaozhu.com raises nearly US$300m from Jack Ma fund

[BEIJING] Chinese short-term rental firm Xiaozhu.com said on Wednesday it has raised nearly US$300 million in a funding round led by Jack Ma's Yunfeng Capital, amid fierce competition from US...

Singapore maker of biodegradable straws secures US$13m funding

SINGAPORE - Biotech start-up RWDC Industries, which is based in Singapore, on Wednesday (Oct 10) said it has closed a US$13 million Series A2 round co-led by venture capital firms Vickers Venture...

Singapore restaurant solutions start-up TabSquare raises US$10m in Series B funding

SINGAPORE - Singapore-based restaurant solutions start-up TabSquare has raised US$10 million (S$13.8 million) in Series B funding led by Kakaku.com.

VC, PE investments in S-E Asia trailing 2017's high base: SVCA

SOME US$5.8 billion in investments were made in South-east Asia by venture capital, private equity and corporate venture funds in the first eight months of this year, going by data released by the...

Pedigree names among One Championship's US$166m fund raising

SINGAPORE-BASED martial arts organisation, One Championship, has closed a US$166 million Series D financing round led by US venture capital firm Sequoia Capital.

SoftBank nearing another US$500m investment in ride-hailing firm Grab: sources

[JAKARTA] SoftBank Group is nearing a deal to invest about US$500 million in Grab as part of roughly US$1 billion that Southeast Asia's biggest ride-hailing firm is seeking in its latest funding,...

China tech, financials represent 'window of opportunity': DBS investment chief

NOW is the time to re-engage Asian equities for investment, especially financials and tech plays in China.

Singapore Q3 bond market stuns with quadrupling of issue value

THE Singapore dollar bond market made a remarkable recovery in Q3 following an abysmal show in the April-to-June quarter, when financial markets were whipsawed by trade-war fears and rate-hike...

Singtel aiming to Dash ahead in e-payment market

Singapore's largest telecommunications company Singtel may not yet be synonymous with mobile wallet services, but it has set its sights on becoming a leader in the growing but fragmented e-payment...