Private Equity
Gulf investors are looking to seize deals at a lower price as US-based peers cut back on their China exposure.
Abu Dhabi wealth fund offers to buy PAG fund stakes at discount: Report
SEA Digest: EV mobility startup Blitz bags funding; VAST Data launches SG headquarters
Indonesia proposes to inject $3.7b into state-owned firms in 2024-25: minister
Qiming leads Shengshu Technology’s fresh funding round and 38 Greater China deals worth almost $368m
Hong Kong surpasses Singapore with over 2,700 single-family offices
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Venture Capital
Shengshu Technology previously sealed its angel round in June 2023 led by Ant Group.
Analysis
Singapore had around 1,400 FOs as of the end of last year.
Yields at the longer end of China’s bond market have been crunched to record lows by the weight of available money.
People
The move comes amid a global downsizing by the firm and a downturn in China’s markets.
Policy & Regulations
The stricter measures come amid a regulatory tightening across China’s financial sector.
BYD will use Nvidia’s next generation of in-vehicle chips, called Drive Thor.
Deals
The stake was worth around 836 million euros ($910 million) on Monday.
Longi’s website says the company had 60,601 employees as of April 2023.
He will be replaced by the unit’s current CFO, Yan Xiaolei.