JPMorgan Acquires WePay, a Payments Service Used By FreshBooks and GoFundMe

Terms weren't disclosed, but the bank is rumored to have paid more than $220 million. By Reuters October 18, 2017 JPMorgan Chase said on Tuesday it would acquire online payment provider WePay as the bank looks to integrate payments into software used by small businesses. WePay’s technology, popular among small businesses, helps online software service [...]

By |2017-10-29T07:47:56+07:00October 29th, 2017|Business, Technology|0 Comments

China’s Meituan-Dianping raises $4b, valuing the firm at a lofty $30b

Cate Cadell October 19, 2017 Meituan-Dianping on Thursday said it has raised $4 billion in a funding round that values China’s largest on-demand services provider at $30 billion, as part of a strategy to compete with the country’s leading e-commerce firms in offline retail. Meituan-Dianping in a statement said the round was led by existing [...]

By |2017-10-30T17:28:51+07:00October 29th, 2017|Asia, Business, China, Technology|0 Comments

Exclusive: Sea Ltd is said to acquire 82% of Vietnam’s Foody for $64m

Nguyen Thi Bich Ngoc September 28, 2017 Singapore-based consumer Internet group Sea Limited has acquired 82 per cent of Vietnamese gourmet media platform Foody Corporation for around $64 million, a source familiar with the matter told DEALSTREETASIA. On September 26, this portal had reported that Sea had bought a controlling interest in an unnamed Vietnamese [...]

By |2017-10-30T17:29:45+07:00October 29th, 2017|Asia, Business, Vietnam|0 Comments

Navis-backed Celebrity Fitness, Oaktree’s Fitness First Asia to merge

Shiwen Yap February 24, 2017 Celebrity Fitness and Kuala Lumpur-headquartered Fitness First Asia have merged in a move that will create one of the largest fitness club networks in Asia. Financial terms of this merger were undisclosed, according to their announcement on Thursday. The merger will see Oaktree Capital Management and Navis Capital owning an [...]

By |2017-10-30T17:30:48+07:00October 29th, 2017|Asia, Business, Uncategorized|0 Comments
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