Brief overviews of Asia's tech start-up environments for investors. For American and Canadian investors looking to put their money into tech start-ups,The Economist provides a quick overview of business environments in China, India, Singapore, South Korea, Hong Kong and Taiwan, and Vietnam.
Asia/Pacific
U.S. Private Equity Investor FLAG Capital to Expand Asian Footprint with Squadron Capital Acquisition
The U.S. private equity investor FLAG Capital Management announced today that it will acquire Hong Kong-based Squadron Capital, which manages $1.5 million in assets, PRNewswire reported. Its acquisition of the private equity firm will give FLAG a presence in Asia, increasing its total assets under management to $6 billion.
360buy, China's Largest Online Retailer, Launches International Shopping Site
Watch out Amazon and Tmall! Starting today, China's largest online retailer, 360buy.com, is launching its international shopping site to sell directly to overseas buyers, Reuters reported.
Asia's Largest Refiner, Sinopec, Drops Hostile Bid for Privately-held China Gas
In the ultimate David and Goliath story, the China Petroleum & Chemical Corp., Sinopec, Asia's largest refiner and one of China's biggest state-owned firms, dropped its hostile bid to take over the much smaller, privately-held China Gas Holdings after a contentious struggle lasting nearly a year, according to major media stories.
India's Latest Proposed Business Reforms Favorable for Foreign Investors
Last week the Indian government announced that it was increasing the limits for foreign investment in insurance joint ventures, and opening the pension system to foreigners.
Latest News
The co-chief executive of Morgan Stanley's Asia operations said on Wednesday China IPO regulators should protect investors.
The Blackstone Group LP has invested 2.43 billion rupees ($43.69 million) to buy a significant minority stake in unlisted Indian fragrance maker SH Kelkar & Company.
China Investment Corp (CIC) has sold most of its stake in BlackRock Inc. China Investment Corp (CIC) has sold most of its stake in BlackRock Inc (BLK.
European private equity firm Permira has raised $750 million by selling around half of its stake in Macau casino operator Galaxy Entertainment Group Ltd.
European private equity firm Permira's PERM.UL is buying Japan's largest sushi restaurant chain for $1 billion including debt.
Global buyout fund KKR & Co L.P said on Wednesday that it will acquire a stake in privately held retailer Novo Holdco Ltd for $30 million.
Heineken NV (HEIN.AS) raised its offer for Fraser and Neave's (FRNM.SI) stake in the maker of Tiger beer to $6.35 billion on Friday.
Private equity fund MBK Partners will pay 1.2 trillion won ($1.1 billion) for a stake in South Korean water purifier maker Woongjin Coway Co
China Mengniu Dairy has held talks about buying China's largest raw milk producer, KKR & Co-backed China Modern Dairy Holdings Ltd.
