India
Swiggy’s backers include Prosus, Accel, SoftBank, and Invesco among several others.
Octopus Energy's valuation rises to $9b after CPPIB, Generation Investment raise stake
PE firms weigh potential buyout of NY-based fitness company Peloton
CICC, Citic, JPMorgan slash investment banking jobs in China as deals stall
Former Dallas Fed chief Kaplan named Goldman Sachs vice chairman
India Digest: Parseable, Superplum, Cornext raise funding
More Stories
CVC-led group to buy 65% stake in Lippo-backed hospital chain Siloam for around $1.6b
Jungle Ventures looking to dig into SE Asia’s F&B sector with Yay! Group investment
Sale process of Malaysia’s Island Hospital by PE firm Affinity draws investors
Singapore co-working laboratory provider NSG BioLabs raises $14.5m
Troubled crypto platform Zipmex appoints liquidator to wind up operations
World
The social media company expects to win a legal challenge to block the ban.
Vietnam
Some Vietnamese do not trust TikTok Shop due to concerns over product quality, privacy, and delivery.
Founder Byju Raveendran will take on a more “hands-on” approach in daily operations.
Greater China
Alibaba’s shares have declined 27% in the past 12 months, giving it a market capitalisation of some $178 billion.
Indonesia
Among other hurdles, competition has increased in sectors such as ride-hailing and e-commerce.
Singapore
Purchased transportation and labour-related expenses were the biggest contributor.
Losses in 2023 narrowed by around 33% YoY to 3.68 trillion rupiah.
Sharechat’s valuation had reportedly shrunk to $1.5b in end-2023 from $5b in 2022.
DealStreetAsia had reported earlier that LinkAja will be roping in a new global investor.