Hillhouse Investment injects $150 million in Asian rental firm Dash Living
Dash Living did not disclose how much stake Rava, which invests in real assets and physical infrastructure, will get or the company's valuations after the investment.
The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here.
Dash Living, founded in 2014, is a Hong Kong-based provider of rental housing solutions, managing over 2,000 rooms across key cities such as Hong Kong, Singapore and Tokyo.
It had previously raised $8.8 million in March 2021, according to the data platform Tracxn.
The latest investment will help Dash Living expand their services and also in the Asia-pacific region, including Japan, the company said.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Independent
14 minutes ago
- The Independent
India to defy Trump's threats and keep buying Russian oil, government sources say
India will keep purchasing oil from Russia, despite President Donald Trump threatening to impose penalties for doing so, two Indian officials said on Saturday Officials in India, the most populous country on Earth, told Reuters and That contradicted a statement from Trump, who on Friday told reporters his understanding was that India would 'no longer' be buying oil from Russia. "These are long-term oil contracts," an unnamed Indian official told Reuters. "It is not so simple to just stop buying overnight.' Last week, Trump said India would face unspecified penalties for buying Russian oil in addition to a 25 percent tariff on goods. However, China and Turkey, two countries that also purchase large amounts of Russian oil, have not faced similar penalty threats. India drastically increased its import of Russian oil after the Kremlin invaded Ukraine in 2022, while many other countries began to cut back it's imports. The cheap availability of Russian oil allowed India to reduce its reliance on other countries, such as Saudi Arabia or Iraq, who typically sell to Asian countries at a higher price. While India faced criticisms for doing so, the general consensus around India's increase in imports has been that it helps avoid a global surge in oil prices. It's unclear why exactly Trump has targeted India in reducing its import of Russian oil. The president has recently expressed frustrations with Russian President Vladimir Putin for failing to come to the peace talks table to negotiate a ceasefire in Ukraine. On Friday, India's external affairs spokesperson Randdhir Jaiswal said India and Russia had a 'time-tested partnership' and that India was analyzing its energy sourcing. "On our energy sourcing requirements ... we look at what is there available in the markets, what is there on offer, and also what is the prevailing global situation or circumstances," Jaiswal said, according to Reuters. India heavily relies on energy imports to sustain the needs of it's more than one billion population. It imports more than one million barrels per day.
Scottish Sun
2 hours ago
- Scottish Sun
Harry Styles spotted enjoying Rome and Vatican with Belgian designer as ex-1D star continues love affair with Italy
The pair were also spotted wandering the back streets carrying a bottle of wine HARRY'S NEW ROME-ANCE Harry Styles spotted enjoying Rome and Vatican with Belgian designer as ex-1D star continues love affair with Italy HE has made no secret of his love for Italy – and now it seems Harry Styles is enjoying showing off his favourite spots there. The former One Direction singer was seen wandering through Vatican City and Rome with Belgian-Congolese designer Kim Mupangilai last Friday. 8 Harry Styles was seen wandering through Vatican City and Rome with Kim Mupangilai Credit: Instagram 8 Former 1D singer Harry has made no secret of his love for Italy Credit: Getty 8 Belgian-Congolese designer Kim Mupangilai Credit: Instagram Harry was seen walking in front of St Peter's Basilica with New York-based designer Kim, who has appeared on the cover of high-end interior mags. The pair were also spotted wandering through the back streets of Rome — with Harry carrying a bottle of wine. A source said: 'Harry loves nothing more than showing people his favourite spots in Italy. 'He also loves art and Kim has been a great source of inspiration.' Kim, who grew up in Antwerp, Belgium, has shared pictures on her Instagram of The Loggia Of Cupid And Psyche — a mural depicting a love affair — at the Villa Farnesina in Rome. She also posted snaps of red peppers drying on a rooftop in Ravello on Italy's Amalfi Coast. It comes as Harry is rumoured to have fallen in love with the small Italian village of Civita di Bagnoregio. The Watermelon Sugar hitmaker spent the pandemic learning Italian and sign language. During his final Love On Tour show in Reggio Emilia, Italy, in 2023, Harry thanked 120,000 fans in Italian. Speaking in their language, he said: 'The last two years of my life have been a wonderful gift and it is truly very special to end my tour here, in a country that has a special place in my heart.' Harry Styles' mystery woman revealed after Glastonbury snog - and she's VERY different to the women he's dated before In June, the singer was seen sharing a passionate kiss with producer Ella Kenny at Glastonbury Festival. It came after his relationship with actress Taylor Russell ended in May last year. He was seen kissing model Emily Ratajkowski on a night out in 2023 and has previously dated model Kendall Jenner, singer Taylor Swift and actress Olivia Wilde. Last month, Harry launched his own vibrating sex toy and lubricant through his lifestyle brand, Pleasing. Alongside his new passion as a tour guide, it seems that Harry has many strings to his bow. DUA RULES AT FEST 8 Dua Lipa performs at Sunny Hill Festival in Kosovo Credit: Supplied DUA LIPA gave an electric performance at the Sunny Hill Festival in the capital of Kosovo on Friday. The annual event, which she organises with her family, also saw her sing on stage with her dad Dukagjin. Posting on Instagram, she wrote: 'This festival is something my family and I created with so much love for our city Pristina. 'And to see it come to life like this is beyond anything I could've dreamed of.' The New Rules hitmaker also revealed that she has been granted Kosovan citizenship. The singer was born in London to Kosovo-Albanian parents and briefly lived in Pristina when she was a child. Posting a number of snaps from the weekend, including a selfie with her certificate, she wrote: 'Got my Kosovo citizenship the night before then partied hard at Sunny Hill Festival the night after!!!' HEIDI READY FOR SUGA HIT ON TV 8 Heidi Range will recount her days in the pop group Sugababes Credit: Getty HEIDI RANGE is set to lift the lid on her tumultuous time in the Sugababes in explosive BBC documentary Girlbands Forever. The singer will sit down with interviewer Louis Theroux to recount her days in the pop group, which has had six members over the years, including the original (and current) line-up of Mutya Buena, Keisha Buchanan and Siobhan Donaghy, as well as former members Jade Ewen and Amelle Berrabah. A source close to the project, which follows last year's Boybands Forever, said: 'Heidi has never spoken about what went on. 'Louis reached out to her directly and she finally agreed to take part a couple of weeks ago. It was an emotional interview and one that viewers will want to watch.' Last year, the Sugababes were handed a gong at the Mobo Awards, but Heidi's mum hit out after her daughter was 'white-washed' from the nomination video. She wrote on Instagram: 'I can't believe the cheek of it. Sugababes didn't have a hit till Heidi joined. It is so false and disrespectful the way they are carrying on.' Mutya hit back: 'When I wasn't in the group and the girls was doing big things without me, do you think I was getting upset about not being mentioned?' A spokesman for the original trio declined to comment. Forget the Suga – things might be about to turn very sour again. GENT IS IN LOVE 8 Tom Rhys Harries and songwriter Amy Allen Credit: Getty THE Gentlemen actor Tom Rhys Harries has just landed the starring role in DC Studios' Clayface, the villain and ally of Batman. But I can reveal the Welsh hunk is also a leading man in American songwriter Amy Allen's life. The pair soft-launched their relationship on Instagram, with Grammy-winning songwriter Amy sharing snaps of their holiday to Spain. A source told me: 'Tom and Amy are in the honey-moon phase and are the new power couple in town. 'Tom is a rising star in the film industry and Amy has fast become the first person pop stars want to work with.' Earlier this year, Amy scooped the Grammy Award for Songwriter Of The Year – the first woman to win the gong since its introduction in 2023. Amy penned Sabrina Carpenter hit tracks Espresso and Please Please Please as well as co-writing Adore You and Matilda for Harry Styles. Sounds like Tom and Amy will make sweet music together. OLIVIA SHOWS METAL 8 Olivia Rodrigo dazzles in a sparkly silver halter neck corset and mini skirt Credit: Getty OLIVIA RODRIGO pulled off a dazzling performance at the Lollapalooza music festival in Chicago. The Good 4 U hitmaker wore a sparkly silver halter neck corset and mini skirt as she took to the stage on Friday. Sabrina Carpenter and A$AP ROCKY are set to top the bill at the festival tonight. In June, Olivia headlined Glastonbury, describing it as the 'best weekend there ever was'. I was there and can vouch for that. PUB JOB FOR SAM BEFORE rising to fame on Eurovision in 2022, Sam Ryder started out singing in boozers – and now he has been appointed Head of Gigs for Greene King Pubs to help support up-and-coming artists. Sam, who dropped new single The Feeling Never Went Away from his upcoming album Heartland on Friday, said: 'Pubs provided a place for me to actually learn how to play in front of people. 'Before the pub stage, you just played guitar in your bedroom as loud as it could go. 'At pubs, you got the chance to hone your craft and learn different songs, create a little catalogue, get the expertise of actually playing in front of people.' I couldn't agree more, Sam. CRUZ BECKHAM is taking his new band on tour next month, branding his indie music style as 'nepo rock'. Having assembled a group of musicians, David and Victoria's youngest son will start with a series of gigs in London pubs. 8 Cruz Beckham is taking his new band on tour next month Credit: Getty Confirming the news on Instagram, Cruz posted a video of him crooning to a Tom Petty cover, but added, 'Originals are coming soon', and 'Nepo rock is the new genre'. A source said: 'Cruz is determined to prove he can earn his crust on his own merit.' With the amount of celeb offspring in music, nepo rock could be here to stay . . .
BBC News
3 hours ago
- BBC News
How South Korea's K-beauty industry is being hit by Trump tariffs
Cars and smartphones may rank among South Korea's biggest exports to the US, but few goods inspire a more devoted following than the Asian country's beauty products.K-beauty - a term that covers a wide range of skincare, makeup and cosmetics from South Korea - is lauded for its quality and value, driving soaring demand in recent global appeal of South Korean culture has also helped propel the popularity of its Pearl Mak tells the BBC that she was introduced to K-beauty products by her friends. South Korean serums are better-suited for her skin compared to some Western brands that tend to be more harsh, the 27-year-old graphic designer "95% of my skincare is made up of K-beauty products", she Mak is not alone in her preference for South Korean skincare brands. Americans spent as much $1.7bn (£1.3bn) on K-beauty products in 2024, according to industry estimates. That marks a more than 50% rise compared to the previous year.K-beauty products are often more attractively priced than their Western counterparts - but also feature ingredients that are not as commonly found in the West - from heartleaf to snail mucin. US President Donald Trump has now imposed a 15% import tax on South Korean goods traded between Seoul and Washington. It's less than the 25% levy that Trump had threatened, but many consumers are not taking any chances. US K-beauty retailer Santé Brand saw orders spike by nearly 30% in April, right after Trump unveiled sweeping US import taxes on most of the world."When the tariff announcements hit, customers got strategic with how they were going to weather the storm," Santé Brand's founder Cheyenne Ware told the BBC. "Consumers are preparing against the uncertainty."Another K-beauty retailer, Senti Senti, has been ordering more products since Trump started his tariff threats, says manager Winnie Zhong. This week, she received alerts from suppliers urging retailers to "stock up before tariffs".Both retailers said prices of K-beauty products are likely to increase as the levies push up costs across the industry."Anyone telling you prices will stay flat through the next two years is naive," says Ms are bound to rise, especially for smaller sellers of beauty products on platforms like Amazon, who operate with slim profit margins, economist Munseob Lee from the University of California San Diego higher prices, the global popularity of South Korean culture means K-beauty products are likely to remain in demand in the US, he says."Casual buyers might be turned off by the higher price, but fans won't find an easy substitute."Ms Zhong agrees. She thinks customers will still want to buy K-beauty products but price rises may mean they purchase fewer items than prices are unlikely to stop Ms Mak buying her favourite products."It depends on how much the price shoots up, but as of now, I am willing to pay more to purchase the same products," she says. 'No easy substitute' Big K-beauty brands are in a much better position to absorb the cost of tariffs than their smaller rivals, says South Korea-based business consultant Eyal Victor larger companies will be able to avoid major price rises for their customers as they have higher profit margins, he smaller K-beauty firms that make their products in South Korea will struggle to keep a lid on costs, Mr Mamou adds."It will take some time to take effect since most goods being sold in the short-run have already been commissioned at current prices, but we'll see it play out soon." In recent days, President Trump has struck deals with Japan and the European Union that will see their exports to the US subject to the same 15% tariffs as South means countries that are home to some of the world's biggest cosmetics brands face the same levies as the K-beauty to Trump's trade policies is his ambition to see more goods being made in it's yet to be seen whether or not this will mean US buyers switch to American beauty Mak says she doesn't see US-made products as attractive alternatives."I do search for American-made alternatives often, but I have yet to find any that are as effective as the ones I use. So I wouldn't go for American products yet."
