Deals
This week saw a flurry of earnings reports as several major companies announced their latest financial updates.
Editor's take: The week that was—May 13-18
ShawKwei & Partners leans on secondaries amid a more favourable environment
Vertex Ventures launches $64m inaugural Japan-focused fund
Crypto lender Genesis to return $3b to customers in bankruptcy liquidation
Nvidia-backed CoreWeave raises $7.5b in debt deal led by Blackstone, others
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Singapore’s finance admin startup Osome raises $17m in Series B+ round
Indonesian investment firm Saratoga said to be exiting Antangin maker Deltomed
Haidilao restaurant operator Super Hi’s shares surge 38% in strong US market debut
Analysis
Genesis is paying customers back in crypto where possible.
The deal is one of the largest debt financing rounds for a startup.
IPOs & Markets
The restaurant operator had raised $52.7 million in its IPO.
Private Equity
Private equity deal activity is expected to pick up due to record-high fundraising.
Policy & Regulations
Xpeng co-President Brian Gu said he hopes the US can become more open, allowing global products to enter and compete in the market.
Ping An, which emerged as a major shareholder in HSBC in 2017, has had a tumultuous relationship with the lender in the recent past.
The deal is part of AIG’s efforts to reduce its holdings in the life and retirement business.
The exchange has been holding discussions with traders who want to buy/sell bitcoin on a regulated marketplace, per an FT report.
The investment follows SVC’s strategy to attract top global fund managers to invest in Saudi-based companies.