Greater China
This marks a second consecutive quarter of investment income gain.
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
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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
Indonesia
Blibli’s take rate increased to 6.3% in Q1 2024, compared with 4.9% in Q1 2023.
World
KKR’s PE portfolio appreciated 5%, opportunistic real estate funds gained 1%, and leveraged credit funds added 3%.
The firm posted its weakest quarterly profit growth since 2022, while revenue growth slowed to a nearly 4-year low.
Bukalapak attributes the performance to top-line growth, thriving take rate and excellent cost control
The firm has signed a deal to sell its logistics and delivery businesses.
Alphabet and Microsoft ignited a rally in tech stocks on Friday.
The NPL ratio stood at 0.6%, way below the industry average of 2.3%.
Marketing expenses, which rose 76% YoY, were among the company’s biggest costs in 2022.
Singapore
Atome BNPL turned profitable in Q1 2024.