Private Equity

Private Equity Firm Creador’S First Close Of Fifth Fund Raises Us$500M

KUALA LUMPUR (July 16): Private equity firm Creador’s first close of fifth flagship investment vehicle – Creador V – has raised US$500 million (RM2.1 billion), which is the firm’s biggest close to date that occurred four months after its first invited investors on board in March 2021, according to sources familiar with the matter. “The …

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Tech Didi Removed From China’s Wechat And Alipay Apps For New Users In Another Big Blow

GUANGZHOU, China — Didi’s main app has been removed from Tencent’s WeChat messaging service and Ant Group’s Alipay, in another blow to the Chinese ride-hailing company. WeChat, which boasts over 1 billion users, and Alipay, which has over 900 million, are so-called super-apps. That means users can open and use other apps, like Didi, without leaving Alipay or WeChat. …

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CTOS Digital IPO to raise RM1.2b, including RM990m for existing shareholders

KUALA LUMPUR (June 30): CTOS Digital Bhd (formerly known as CTOS Holdings Sdn Bhd) is raising RM1.2 billion from its Main Market listing exercise at the offer price of RM1.10 per share. Based on the issue price of RM1.10 per share, CTOS Digital, which owns credit reporting agency CTOS Data Systems Sdn Bhd, is valued at …

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Snap Acquires AR Startup Waveoptics, Which Provides Tech For Spectacles, For Over $500M

Snap yesterday announced the latest iteration of its Spectacles augmented reality glasses, and today the company revealed a bit more news: it is also acquiring the startup that supplied the technology that helps power them. The Snapchat parent is snapping up WaveOptics, an AR startup that makes the waveguides and projectors used in AR glasses. These overlay …

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Indonesia’s Gojek, Tokopedia To Create Biggest Local Tech Group

–A+A The combined entity, which will span online shopping, courier services, ride-hailing, food delivery, and other services , will be the biggest privately held technology company in Southeast Asia. SINGAPORE (May 17): Indonesian ride-hailing and payments firm Gojek and e-commerce leader Tokopedia are merging to create a multi-billion dollar tech company called GoTo in the …

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SoftBank Corp Invests RM250m In Axiata’s ADA For 23.07% Stake

KUALA LUMPUR (May 11): SoftBank Corp is investing RM250 million (US$60 million) in Axiata Group Bhd’s digital marketing subsidiary ADA for a 23.07% stake in the company, establishing ADA’s RM1.07 billion (US$260 million) valuation. Axiata Digital will remain as the majority shareholder of ADA with a 63.47% stake, following the entry of SoftBank. Axiata Digital …

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