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Grapevine: ChrysCap nears deals for two dessert chains ; WeWork exit deal collapses

General

27 September, 2024

Grapevine: ChrysCap nears deals for two dessert chains ; WeWork exit deal collapses

ChrysCapital is inching closer to acquire bakery and dessert chains Theobroma Foods and Belgian Waffle Co. in a deal valued ......

China pushes Ant Group overhaul in latest crackdown on Jack Ma

TMT

28 December, 2020

China pushes Ant Group overhaul in latest crackdown on Jack Ma

China's central bank disclosed on Sunday it had asked the country's payments giant Ant Group Co Ltd to shake up ......

Paytm backer Ant Group curbs support for overseas partners in strategy rethink

TMT

29 October, 2020

Paytm backer Ant Group curbs support for overseas partners in strategy rethink

China's Ant Group Co Ltd has been cutting funding and staff support to many of the overseas e-wallet firms it ......

Flipkart gears up for overseas IPO, may target $50 bn valuation

TMT

16 September, 2020

Flipkart gears up for overseas IPO, may target $50 bn valuation

Walmart Inc-controlled Indian e-commerce firm Flipkart is preparing for an initial public offering overseas as early as 2021, which could ......

PUBG Corp explores return to India after breaking ties with Tencent

TMT

08 September, 2020

PUBG Corp explores return to India after breaking ties with Tencent

PUBG Corporation, the unit of a South Korean company behind PlayerUnknown's Battlegrounds (PUBG), will no longer give Tencent Games the ......

Gamers left reeling as govt pulls plug on Tencent's PUBG in China spat

TMT

04 September, 2020

Gamers left reeling as govt pulls plug on Tencent's PUBG in China spat

For tens of millions of Indian gamers, Tencent's PlayerUnknown's Battlegrounds (PUBG) video game was a welcome distraction from the coronavirus ......

Govt bans 118 more Chinese apps including Tencent's PUBG

TMT

02 September, 2020

Govt bans 118 more Chinese apps including Tencent's PUBG

India on Wednesday banned another 118 mobile apps including Tencent Holdings's popular videogame PUBG, as it stepped up the pressure ......

Grapevine: Hero Corp may buy into Max Financial; Tencent picks up Policybazaar stake

General

11 November, 2019

Grapevine: Hero Corp may buy into Max Financial; Tencent picks up Policybazaar stake

Sunil Kant Munjal’s Hero Corp is looking to buy a significant minority stake from Analjit Singh in Max Financial Services ......

Vertex Ventures raises $290 mn fund for India, Southeast Asia bets

Finance

12 September, 2019

Vertex Ventures raises $290 mn fund for India, Southeast Asia bets

Singapore-based Vertex Venture Holdings, the first main backer of Southeast Asia’s ride-hailing giant Grab, has added a new $290 million ......

Sequoia China to cut up to 20% of investment staff as tech growth slows

Finance

07 May, 2019

Sequoia China to cut up to 20% of investment staff as tech growth slows

Sequoia Capital China, widely viewed as a bellwether for Chinese tech investment, is set to lay off as much as ......