World
Genesis is paying customers back in crypto where possible.
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
Vietnam
Low-cost EV makers aim to replicate the success achieved in markets from Thailand to Brazil.
Rest of Asia
Japan brokerage seeks to grow assets under management by $260b.
Greater China
Doubao app has already exceeded 100 million downloads, with more than 26 million monthly users.
Singapore
Sea’s revenue and adjusted EBITDA in Q1 2024 topped analysts’ estimates.
New audio capabilities enable users to speak to ChatGPT.
On a year-on-year basis, the funding value dropped by about 69% from April 2023.
A growing lending gap has also emerged as an attractive opportunity for private investors.
Backed by government, hardware makers grow amid labour crunch.
The Vision Fund has brought 50 of its 477 portfolio companies to Japan.