Analysis
BioMed marks the first investment for CUHK Innovation.
ID Digest: Blibli cuts losses; Traveloka prepays debt
IFC mulls $35m investment in India's iBUS Network
Data Vantage: Vetreska, MySuki, coto, ReturnKey and Edukita in focus
Catch the top headlines of April 2024
KKR's Q1 earnings surge 20% on strong management fees, annuities business
More Stories
India: Zepto-backer Stride Ventures closes third fund at $165m, lower than Fund II
Warburg Pincus weighs partial exit from Indonesian real estate platform NWP Property
SG hot pot restaurant operator Super Hi files for $100m US IPO
Blackstone reportedly in talks to acquire Dulwich College International’s Asian assets
Recommerce platform ReturnKey raises Series A funding
IPOs & Markets
The ETF launch puts Hong Kong in direct competition with the US for crypto investors.
The HK-listed company operates restaurants under the Haidilao brand.
Deals
L’Occitane Groupe owned 72.39% of the cosmetics company at March-end.
Earnings and Results
The firm posted its weakest quarterly profit growth since 2022, while revenue growth slowed to a nearly 4-year low.
People
The job cuts are part of a planned overhaul launched to boost profit, sources said.
Venture Capital
Post-financing, the firm will see its registered capital change to $779m from $630m, per the filing.
Private Equity
The deal marks the fourth transaction of Azuremount WH, which has deployed almost $20m so far.
Andersen was a key player in the company’s successful challenge in 2020 to the attempt to ban TikTok.
The salary cuts will affect more than 2,000 bankers.