As well, Yahoo Japan and Line will invest about 6.5 billion yuan each year to develop AI; Didi travel officially opened in Costa Rica.
Southeast Asia
Grab announces its entry into Japan and the Middle East. According to KrASIA, Grab worked with Japanese taxi operator Japan Taxi and Dubai-based Careem (acquired by Uber in March). Through this partnership, users from Singapore, Malaysia and the Philippines will be able to use the Grab app to book taxis in 5 cities in Japan and 94 cities in 13 countries in the Middle East.
Singapore online payment platform Coda Payments raised more than $20 million. According to Tech in Asia, this round of financing was led by private equity asset management company Apis Partners through its fund Apis Growth Fund II. It is reported that Coda was established in 2011, and corporate users can use more than 100 payment/payment methods on their platforms, including direct carrier billing, bank or ATM transfer, online vouchers and e-wallets. The company’s customers include publishers such as Tencent, Garena and Netflix to profit from games and other digital content.
India
India Industrial Credit Investment Bank (ICICI Bank) plans to raise $2.8 billion. According to DealStreetAsia, ICICI Bank Ltd plans to raise at least $2.8 billion by selling shares to institutional investors. It is reported that this is the largest financing in India. According to two people familiar with the matter, the Mumbai-based bank has contacted at least 10 investment banks for proposed financing, and the bank may sell a 6-7% stake.
The private equity firm Carlyle Group plans to sell its 3% stake in SBI Life Insurance in India for $391 million. According to DealStreetAsia, the deal will give Carlyle Group a return of Rs 28.2 billion ($390 million). Carlyle Group, through its investment arm, CA Emerald Investments, purchased SBI from BNP Paribas, France’s largest listed bank, in March this year at a price of about 4,635 crore ($645,000). A 9% stake in Life Insurance Ltd. SBI Life is the National Bank of India and the Law