SleekFlow closes US$8 million funding round
Hong Kong-based SleekFlow has closed a US$8 million Series A funding round led by Tiger Global, according to a report published by TechinAsia. AEF Greater Bay Area Fund and Transcend Capital were also named as participants in the round.
Mamaearth targets US$3 billion valuation for 2023 IPO
Indian skin care start-up, Mamaearth is hoping to raise some US$300 million via a planned IPO in 2023 and is seeking a valuation on flotation of US$3 billion, according to a report published by The Business Standard.
Is Reliance poised to buy Revlon?
India’s Reliance is said to be considering a buy-out of the much-beleaguered Revlon, according to a report published by Reuters quoting ET Now’s Twitter feed as its source.
LG Household & Health Care to install hives around Ulsan manufacturing site
LG Household & Health Care is set to install bee hives around its 4,700 square meter site in Ulsan, according to a report published by Korea Bizwire.
Backlash from investors and fans as BTS take a break
K-pop group BTS’ announcement that it is poised to pause group activities has provoked a furious reaction from both fans and investors, according to a report published by Reuters.
US Defence Dept and Lynas Rare Earths to build rare earths separation facility in US
The US is set to build its first domestic heavy rare earths separation facility after the Department of Defence signed a deal valued at US$120 million with Australian firm Lynas Rare Earths, according to a report published by the Financial Times.
Online cosmetics retailer Purplle becomes India’s latest Unicorn
Online Indian cosmetics retailer start-up Purplle has become India’s latest Unicorn, having raised US$1.1 billion at a capital valuation, according to a report by Bloomberg.
Sephora China releases 2022 trends and China Accelebrate Program
Sephora China has unveiled its seven global beauty trends for Summer 2022 and announced more than 360 star products and exclusive new releases curated to reflect the looks of the season. The LVMH-owned retailer has also announced the launch of its China Accelebrate program, designed to incubate premium Chinese beauty brands.
Hong Kong mulls CBD ban after third of products found to contain traces of THC
Hong Kong’s Security Bureau is considering adding CBD to its Dangerous Drugs Ordinance, according to a report published by the South China Morning Post.
Thailand becomes first Asian country to legalize cannabis in food and drinks
Thailand has become the first Asian country to greenlight the consumption of cannabis in food and drink and the cultivation of marijuana, according to a report published by Reuters. Smoking the drug continues to be illegal.
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