Deals
Here’s your weekly recap of the most significant developments in Asian private markets in the week that went by.
Editor's take: The week that was — April 22-27
As new regulations take shape, will Indonesian investors' interest in crypto hold?
PE firm L Catterton buys into Italy's affordable cosmetics brand KIKO in $1.5b deal
Apple renews talks with OpenAI for iPhone generative AI features: report
Alphabet, Microsoft earnings show hefty AI bets are driving growth
More Stories
GoTo-backed digital lender Bank Jago’s profits surge 24% in Q1 2024
PE firm L Catterton buys into Italy’s affordable cosmetics brand KIKO in $1.5b deal
As new regulations take shape, will Indonesian investors’ interest in crypto hold?
Decarbonization Partners hits final close of debut fund at $1.4b, surpasses target
Tech exits in Vietnam to improve amid increased M&A appetite, finds report
Analysis
Tech is still one of the least active sectors in Vietnam in terms of M&A transactions, per a report.
FPT plans to use Nvidia’s support to boost AI research in Vietnam.
IPOs & Markets
The company is currently valued at roughly $4 billion.
Vingroup is also considering listing its hospitality unit Vinpearl and GSM, the taxi unit.
Vietnam-based edtech startup Prep has closed a Series A round.
Regional startups raised a meagre $1 billion in private funding in Q1, the lowest quarterly haul in over five years.
Venture Capital
Other participating investors included Touchstone Partners, East Ventures, and Saison Capital.
Vietnamese food chain Homefarm is backed by Alibaba’s eWTP Technology and Innovation Fund.
Some Vietnamese do not trust TikTok Shop due to concerns over product quality, privacy, and delivery.