Venture Capital
The startup is looking to scale up its offline presence in the country.
Private Equity
Exits in India were part of what was driving returns for EQT last year.
Deals
CNNP Rich Energy focuses on the R&D of non-nuclear clean energy.
1
Bitcoin bursts past $94,000 for the first time
2
Australia mobilises sovereign wealth fund for govt priorities
3
Apple proposes to invest $100m for new plant in Indonesia
4
Chinese robotaxi firm Pony AI eyes up to $260m in upsized US IPO
5
China finalises more stringent investment guidelines for solar manufacturing
More Stories
Will Indonesia’s move to set up mammoth SWF boost its investment appeal?
Indonesian VC Ideosource winds down after over a decade
Temasek’s 65 Equity Partners buys secondaries in Tencent-backed Tuya
Singapore’s Capitaland Investment to buy initial 40% stake in SC Capital Partners
Canva-backer AirTree Ventures raises capital for two new funds
Analysis
IPOs & Markets
(View all)
The Daily Brief
Significant headlines from the last 24 hours.
DATA VANTAGE newsletter
Cap table and financial updates from regulatory filings.
The Week That Was
Award winning newsletter. Recaps the week.
Greater China
India
Gaja has reportedly roped in IIFL Capital to advise on the potential offering.
Singapore
The real estate asset manager will acquire the remaining 60% stake in the SG-based general partner in phases.
“When people say, ‘we are going to invest less in China’, that sounds like an opportunity.”
World
Blackstone is said to be nearing a deal for Jersey Mike's at around $8 billion, including debt.
The deal will provide a partial exit for US-based VC firm New Enterprise Associates,.
EQT’s private wealth team sees strong investor appetite for diversification beyond China's real estate.
Locad's pre-Series B round was co-anchored by Global Ventures and Reefknot Investments.
Existing shareholders including IDG Capital, MPC, and others also re-upped in the round.
Indonesia
The VC is in the process of selling its portfolio in the secondary market.
Core Fund V and Opportunity Fund V have raised $68m so far from US investors.
Can EVs become a mainstream choice in Indonesia—on time?
Startups headquartered in mainland China, Hong Kong, Taiwan, and Macau raised $12.69 billion in Q3.
Indian startups raised $4.3 billion from private investors in the third quarter of 2024, marking a 17% decline from the previous quarter.
Startup funding in SE Asia markedly declined in the third quarter of this year, hitting its lowest point in at least six years.
Enstack has received $3m from Mangrove Capital, confirming our report from Oct.
B2B food ordering platform KAMEREO has bagged fresh funding from Sumitomo.
InCorp has bagged fresh capital from Hillhouse-backed business services platform Ascentium.
Mobile Premier League (MPL) posted a 22.2% revenue growth in its recent fiscal year.
Rest of Asia
Reports that Trump's Truth Social is close to buying crypto firm Bakkt gave fresh ammunition to the rally.
Xpeng will launch four new models next year and ramp up overseas expansion.
The move comes a day after China pledged to encourage index investment and fund industry fee reform.
Alibaba is facing stiff competition from discount-based retailers such as Pinduoduo and Douyin.
Alibaba reports profit from Ant one quarter in arrears.
MUFJ Financial Group said Q2 profit surged 90% on higher interest rates.
Prolonged property sector crisis, slowdown and job insecurity have hammered consumer confidence.
Foxconn's shares have doubled so far in 2024, beating the broader market's 28% gain, buoyed by its confident outlook on AI.
B Capital has appointed Timur Akazhanov as general partner
Wamildan Tsani Panjaitan is replacing Irfan Setiaputra, who served for over four years.
Amit Sachdeva, in his new role at PhysicsWallah, will lead the strategic and financial initiatives.
