DealStreetAsia - Asia-focused financial news and intelligence platform

2h ago

Creador picks 13% stake in Vietnam's Long Chau Pharmacy at $1.5b valuation

Long Chau is the only profitable national pharmacy chain in Vietnam.

9h ago

Beyond the Buyout: India seems a safe bet, for now

This edition looks at China rethinking its private equity exposure in the US.

Harvard University exploring $1b worth private equity stakes sale

World

10h ago

Harvard University exploring $1b worth private equity stakes sale

The sale process is unrelated to threats of funding cuts from US President Trump.

10h ago

GPs tweak China strategy to favour buyouts: Bain & Co report

At over $13.6b, seven buyouts in 2024 accounted for 29% of the year’s deal value.

Private equity money rewrites the playbook at Asian schools

PE acquisitions often translate into fee hikes, staff restructuring, and tighter cost controls.

Chinese PE firm Wise Road Capital weighs sale of chip tester UTAC: Report

Wise Road may seek around $3 billion from a potential sale.

Rest of Asia

Japan lawmakers urge pension fund GPIF to invest in domestic PE

While global PE firms like KKR and Bain have thrived, the presence of Japanese PE firms has been limited.

Venture Capital

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4h ago

Peak XV to raise $1.2–1.4b for first independent fund after Sequoia split: Report

Its previous fund had raised $2.8 billion in 2022 before being reduced by 16%.

8h ago

SG cybersecurity startup SquareX raises $20m, plans US expansion

The round was anchored by SYN Ventures and backed by Peak XV Partners.

11h ago

Japan’s Incubate Fund to kick off fundraising for 4th India vehicle by year-end

The firm has backed nearly 30 Indian startups, including Yulu, Captain Fresh, and Plum.

PH fintech startup LenderLink bags $1.25m and other SE Asia deals

The round was co-led by Kaya Founders and Iterative.

View Latest Report Read Summary

Insignia-backed fintech startup Surfin Meta raises $26.5m in fresh funding

Woori Venture Partners, Washington University in St Louis, and Phillip Private Equity backed the round.

New Research Reports

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Greater China Deal Review: Q1 2025

The deal value plunged 49% to $9.6 billion from the previous quarter.

Greater China Deal Review: Q1 2025

The deal value plunged 49% to $9.6 billion from the previous quarter.

Southeast Asia Deal Review: Q1 2025

Deal volume fell by 43% and deal value slumped 46% YoY.

SE Asia Private Equity Funds: H2 2024 Review

Only four SE Asia-focused PE funds secured final closes in 2024.

Women Founders in SE Asia: 2024 Funding Review

Female-led startups made up just 5.2% of the deal volume in SE Asia in 2024.

DATA VANTAGE Newsletters

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Data Vantage: Style Theory, Surfin, SpaceAge Labs and others in focus

Also read about SE Asia's e-commerce fundraising trends in Q1 2025.

Data Vantage: Nium, Tookitaki, and Ampotech in focus

Nium has secured $2m in capital through the allotment of preference shares to Endeavor Catalyst IV.

Data Vantage: OnlinePajak, The Parentinc, and Populix in focus

OnlinePajak has secured $2.8m through a new allotment of preference shares to existing investors.

Data Vantage: Biobot Surgical, EnableX, and LeadSquared in focus

Biobot has raised $8.5m through a new allotment of preference shares to existing investors.

Deals

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1h ago

Aster Chemicals to bid for Exxon Mobil's Singapore fuel stations

2h ago

Creador picks 13% stake in Vietnam's Long Chau Pharmacy at $1.5b valuation

4h ago

Bukalapak injects $39m into nine subsidiaries amid strategic consolidation

China's Leapmotor to supply EV platform to Hongqi, in talks with Ferrari

11h ago

China's Leapmotor to supply EV platform to Hongqi, in talks with Ferrari

Hong Kong bourse operator to shift headquarters in $812m deal

11h ago

Hong Kong bourse operator to shift headquarters in $812m deal

Analysis

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3h ago

Vietnam primed for tech innovation but infra, talent & capital pose challenges

The potential for AI-driven innovation is also immense in emerging markets like Vietnam.

9h ago

Beyond the Buyout: India seems a safe bet, for now

This edition looks at China rethinking its private equity exposure in the US.

10h ago

VinFast's global ambitions drive up costs but gains still a long road ahead

After scaling down its US ambitions in July 2024, VinFast doubled down on Asia markets.

The LP View

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Will trade war put a pause on global GPs’ fundraising attempt in Asia?

Current market dislocation presents long-term opportunity, says Sun Hung Kai & Co. exec

World

Companies must adopt AI tools or risk falling behind: Pictet

Malaysia

Malaysia's Employees Provident Fund seeks more diverse exposure

Malaysia

Whatever creative structure is used, value creation must prevail: Gaia Investment Partners

Earnings & Results

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China's Ping An Insurance posts 26.4% fall in Q1 profit

1h ago

China's Ping An Insurance posts 26.4% fall in Q1 profit

Its net profit for the three months to March 31 was 27.02 billion yuan.

2h ago

GoTo-backed Bank Jago's net profit nearly triples in Q1 2025

The bank’s total assets grew 44% year-on-year to 32.5 trillion rupiah during Jan-March 2025.

10h ago

Akulaku's net profit nearly halves in 2024 despite higher revenue

Rising operational costs significantly eroded Akulaku’s bottom line.

20h ago

VinFast reports $3.18b loss in 2024 as costs outpace revenue growth

The car maker saw its net loss widen by 28.4% in 2024

Masan posts 3.8x profit growth in Q1, expects minimal tariff impact

The US accounts for less than 1% of its export revenue.

People

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Rest of Asia

1h ago

Citigroup recruits Goldman banker Christopher Chan for SG market unit

Chan has over 28 years of experience across markets.

11h ago

Databricks to boost hiring, invest $250m in India for AI expansion

It will increase its headcount by over 50% to more than 750 employees in India.