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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, MatahariMall.com 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 Malaysia Airlines
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).