India
Swiggy’s backers include Prosus, Accel, SoftBank, and Invesco among several others.
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
Shanghai presses ahead into secondary market with new 10b yuan fund
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Singapore’s Keppel set to raise over $2.7b across three funds this year
Decarbonization Partners hits final close of debut fund at $1.4b, surpasses target
Schroders Capital’s $12.3b renewables arm to make next move in Asia
After blistering growth, Indonesia’s data centre firms shift focus to stability, margins
Vietnam-based Masan’s FMCG unit weighs IPO among fundraising options
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.