Nvidia Corp approaches Chinese competition regulators to approve $40 billion deal to acquire UK chip designer Arm

On Tuesday, a report from the Financial Times states, Nvidia Corp has submitted an application to Chinese competition regulators to review a $40 billion acquisition of UK chip designer Arm. “The application was made in recent weeks and sets in motion a period of scrutiny that could take up to 18 months”, said the report…

Hyundai Motor Group acquires 80% stake in Softbank Group-owned Boston Dynamics

According to a source familiar with the matter at hand, Hyundai Motor Group has agreed to acquire a 80% stake in Boston Dynamics from SoftBank Group in a deal worth around $736 million to $828 million (800 billion to 900 billion won). The development assumes significance since Hyundai can leverage the technology to expand automation…

Singaporean hotel booking and management platform RedDoorz raises $70 million in latest funding round

RedDoorz is faces strong competition from Softbank-backed OYO. RedDoorz, a Singaporean hotel booking and management platform, has raised $70 million in its ongoing funding round. This is its second funding round so far in 2019. Asia Partners, a Singaporean private-equity firm is leading the funding round, which also saw the participation of Mirae Asset-Naver Asia…

Huawei’s global supply chain being ripped apart

U.S. trade action against Huawei having intended impact. China has termed the action taken by the United States against Huawei Technologies as “wrong actions” and has called for trade negotiations to continue. China’s comments underscores the effect of U.S. trade action which is cascading through Huawei’s global supply chains. Japan’s Panasonic Corp has joined a…

SoftBank Group invests $400 million in Abu Dhabi’s Mubadala Investment Co

Abu Dhabi’s state-owned Mubadala Investment Co is aiming to invest between $5 million and $30 million in European startups. On Monday, as per a report from the Financial Times, Japan’s SoftBank Group has provided nearly 50% of the cash for the new $400 million fund by Abu Dhabi’s state-owned Mubadala Investment Co. Mubadala Investment Co,…

China’s Didi Chuxing Technology Co Ltd likely to spin-off ride hailing services worth around $1 billion-$1.5 billion

Didi Chuxing, which gained prominence in China after it bought Uber’s operation in China, is also diversifying in the food delivery services. According to several sources with direct knowledge of the matter at hand, China’s Didi Chuxing Technology Co Ltd, a ride hailing firm, aims to spin off its car services unit ahead of its…

SoftBank Group deepens investment in Yahoo Japan by $2 billion

The 3-way deal, ahead of SoftBank’s planned listing of its domestic telecoms unit – likely to be the largest Japanese IPO in nearly two decades, could boost demand for online shopping and mobile payments among Japan’s tech-savvy shoppers. In a move that sees Japan’s SoftBank Group tightening its grip over Yahoo Japan, the conglomerate disclosed…

Japan’s Softbank Group invests $445 million in India’s Paytm E-Commerce Pvt Ltd

Softbank Group has spread its investment across major players in India’s burgeoning e-commerce market, including in home-grown Flipkart, Snapdeal and Paytm E-Commerce. As per a regulatory filing, as part of a funding round that values India’s Paytm E-Commerce Pvt. Ltd at $1.9 billion, Japan’s SoftBank Group will invest $400 million with exsiting investor Alibaba also…

Uber Technologies sells its Southeast Asian business to dominant rival Grab

Although this is Uber’s second such retreat from Southeast Asia, the deal suggests that Uber is taking a defensive positioning for a potential counter-offensive especially with its CEO Khosrowshahi gaining a foothold in Grab’s board. On Monday, in a move that marks Uber Technologies Inc’s second retreat from the Asian, the ride services firm has…