private placement

Airwallex has raised $100 million via a Series C funding round led by DST Global, valuing it at over $1 billion. The start-up this year also expects to process $10 billion-plus in payments.

The funds raised via a private placement bolster Vietcombank’s capital ahead of Vietnam's application of Basel II in 2020. However, the state could continue to demand big dividends.

Singapore group raises equity to buy five warehouses from a unit of embattled Chinese conglomerate. It joins a number of Singaporean Reits and trusts in buying assets before further US rate hikes.

The payments firm’s founder explains his route to profitability and how he plans to undercut other parts of banking such as trade finance.

Airwallex is building momentum after securing early backers, including Tencent and Sequoia -- more proof if any was needed that high-profile investors add to a startup’s credibility.

Its $14 billion fundraiser lifts expectations for the valuation of its hotly anticipated IPO. Private investors’ ability to pile into China’s fintech champion squeezes room for public investors to participate during the listing.

As China’s fintech leader collects another $10 billion from an invite-only group of investors, FinanceAsia weighs Ant’s growth prospects against looming risks. It appears priced to perfection.

The US retailer is backing a small digital firm as more consumers shop online for policies.

PCCW’s media unit secures IT help and mainland China connections in battle with cable cutters and pirates. Richard Li's company must also beat Netflix and Amazon to local language content.