VENTURE CAPITAL POST

Singapore public transportation operator SMRT Corp Ltd is considering an 800 million pound ($1.3 billion) takeover bid for unlisted British taxi company Addison Lee, Sky News said on Saturday.

Private banking hub Luxembourg sought to lure more wealthy investors on Wednesday by opening a high-security center designed to look like a jewel box, where collectors can store and trade valuables without paying customs or sales tax.

Singapore will be counting on its marquee Formula One race to help make up for a 30 percent drop in Chinese tourists this year.

China will launch its international gold exchange 11 days ahead of schedule, sources said on Tuesday, racing ahead in the scramble to set up an Asian bullion benchmark as rival Singapore is forced to delay its gold contract due to technical issues.

BOC Aviation, the leasing arm of Bank of China(601988.SS), has placed the biggest order in its 20-year history for 80 Boeing (BA.N) medium-haul passenger planes, weeks after lessor SMBC Aviation ordered 115 Airbus jets.

CME Group delayed the start of trade on its electronic platform by four hours on Monday due to technical problems, the latest glitch to hit the world's largest futures market operator.

FIH, a handset manufacturing service provider of Foxconn, poured $2.2 million into Singaporean social media site mig33 to help the latter preload its apps into tens of millions of mobile phones every month.

Mountain View, US-based search giant Google will shell out $207.7 million (€150 million) to expand its data center in Dublin Ireland to beef up its revenue generation through its cloud services.

Melbourne, Australia-based payments startup Aston Club took home $1.5 million in its seed funding round led by Chris Morris of Computershare to launch a mobile app that helps users pay their bar and restaurant bills.

Singaporean sovereign wealth fund Temasek Holdings (Private) Ltd backed chocolate retail chain The Cocoa Trees with an undisclosed amount of fresh capital as the travel retail sector of Asia enjoys a sudden rise in income.

Kuala Lumpur, Malaysia-based outsourcing startup Supahands wants to help Southeast Asian clients save time and gain focus for more important tasks by providing them with multi-lingual and home-based virtual assistants who can do various tasks for them.

Singapore City, Singapore-based same-day hotel booking app In2Nite raised $2.8M in a venture round led by IDG Ventures and other undisclosed investors to expand its reach across the Asian market.

The territorial dispute between China and Japan has caused the latter to pull out its investments from the country and redirecting its focus to other South East Asian countries where it has already funded companies with USD22.8 billion last year.

Mountain View, US-based business-oriented social networking service LinkedIn already reached the 300-million mark in registered users worldwide, with half of that number coming from countries outside of its home country.

Online video platform Viddsee launched its new site Viddsee BUZZ to promote independent films from Hong Kong, Japan, Singapore, Malaysia, Cambodia, Thailand, and the Philippines on social media and help them go viral.