Alibaba’s Ant Financial is raising $3B in debt to finance a global M&A spree

 Alibaba affiliate Ant Financial announced a surprise deal to acquire international payment service MoneyGram for $880…

Indian vehicle listing service CarTrade raises $55M led by Temasek

 Singapore sovereign wealth fund Temasek has led a $55 million investment in India’s CarTrade, a listings…

Singapore’s CXA raises $25 million to develop its health-focused insurance brokerage

 CXA, a Singapore-based startup insurance brokerage — if such a thing can exist — has scooped up…

Tinder rival Paktor launches ‘Labs’ division to experiment with the future of social apps

 It turns out that Asian dating app Paktor’s quiet acquisition of Down was more than just a…

LeEco says its acquisition of Vizio remains on track despite FTC charge

 Earlier this week smart TV maker Vizio settled an FTC charge for nefariously collecting of data from…

WaystoCap is bringing Africa’s cross-border trade into the digital era

 WaystoCap is an e-commerce firm taking part in the current Y Combinator program. Wait… “E-commerce, meh,…

TravelTriangle raises $10 million to bring India’s travel agencies online

 India’s TravelTriangle, a marketplace for finding and booking travel and holidays, has closed a $10 million…

Uber rival Grab introduces private bus service in Southeast Asia

 Tis the season for new ride-sharing services, it seems. A day after Uber launched multi-trip bookings…