S&P Global Market Intelligence provides a roundup of recent investment deals and updates in the Asia-Pacific technology, media and communications sector.
* Microsoft Corp. will invest in Singapore's GrabTaxi Holdings Pte. Ltd. as part of a broader collaboration between the companies. The strategic partnership will allow greater collaboration on technology projects covering big data and artificial intelligence, Microsoft said. Oct. 8.
* Saudi Arabia's sovereign fund, the Public Investment Fund is looking to make a US$45 billion investment in Japan's SoftBank Group Corp.'s Vision Fund, The Nikkei reported Oct. 7.
* CloudWalk Technology Co. Ltd., a Chinese artificial intelligence startup, reportedly raised more than 1 billion yuan through a series B+ funding round, JRJ reported Oct. 8. The money raised will be used for the expansion of the company's AI platform, big data research and building a research center.
* Huawei Technologies Co. Ltd. will invest over US$100 million as part of a three-year plan to increase its smartphone market share in India, The Economic Times (India) reported Oct. 18. The tech company plans to penetrate the Indian market through expansion and local manufacturing.
* VMware Inc. will invest US$2 billion in India in the next five years to bolster its business and research capabilities in the country, The Economic Times (India) reported Oct. 17.
* Toshiba Corp. will invest ¥16.2 billion in building a new lithium-ion battery plant in the Japanese city of Yokohama in anticipation of higher demand for electric vehicles, Jiji Press reported Oct. 16.
* Alibaba Group Holding Ltd. is building a regional headquarter in Nanjing, the capital city of China's Jiangsu province, Sina reported Oct. 15. With a total investment of about 8.1 billion yuan, the construction is expected to be completed in September 2023.
* Airbnb Inc.'s Chinese rival Xiaozhu raised approximately US$300 million from multiple investors, 36kr reported Oct. 10. The money raised will be used for improvements in security and the company ecosystem.
* Indian tech company HCL Technologies Ltd. will invest 7 billion Indian rupees to develop two facilities in Andhra Pradesh in phases, Financial Express reported Oct. 8, citing PTI. The new centers will reportedly create more than 5,000 jobs.
* QUALCOMM Inc. will invest US$400 million in setting up its campus in Hyderabad, India, The Times of India reported Oct. 7. The campus will be Qualcomm's largest outside its San Diego headquarters.
* Tokyo-based cyber security company Cocon, Inc. said Oct. 5 it raised about ￥2.8 billion through a private placement with YJ Capital Inc., a unit of Yahoo Japan Corp. and Sumitomo Electric Industries Ltd. Cocon will use the funds raised for research, development, mergers and acquisitions.
* India's Reliance Industries Ltd. will acquire a 66% stake in DEN Networks Ltd. through a primary investment of 20.45 billion Indian rupees via preferential issue, and a secondary purchase of 2.45 billion rupees from existing promoters, according to an Oct. 17 regulatory filing. Reliance will also purchase a 51.3% stake in Hathway Cable & Datacom Ltd. through a primary investment of 29.40 billion rupees via preferential issue.
* Beijing-based mobile security solutions provider Zhizhangyi Technology completed a 200 million yuan series B funding round led by Gaocheng Capital, China Money Network reported Oct. 15.
* Singaporean sports media company ONE Championship closed a US$166 million series D funding round led by Sequoia Capital, Deal Street Asia reported Oct. 8. Temasek Holdings (Pte.) Ltd., Greenoaks Capital Partners LLC and other institutional investors also participated in the round.
* SoftBank is nearing a deal to invest US$500 million in Singaporean ride-hailing company GrabTaxi Holdings. The talks are reportedly in the advanced stages, with the two companies finalizing the terms of the investment, Reuters said Oct. 5.
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