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Alibaba to split into six units, explore IPOs in massive overhaul

Alibaba to split into six units, explore IPOs in massive overhaul

The news comes a day after Alibaba founder Jack Ma made his first public appearance in mainland China in over a year.

Bukalapak posts $130m profit in 2022, thanks to a strong first quarter

Bukalapak posts $130m profit in 2022, thanks to a strong first quarter

Bukalapak posted losses in all quarters of 2022 except Q1.

How cash fuelled TikTok’s meteoric rise in Asia Pacific

How cash fuelled TikTok’s meteoric rise in Asia Pacific

TikTok has grown its APAC subscribers by 3.8x since 2019 as the result of a cash-burning expansion spree.

Philippines to merge two main state lenders amid global banking turmoil

Policy & Regulations

Philippines to merge two main state lenders amid global banking turmoil

Why US-based VC GFT Ventures is a cut above the rest in AI technologies

Partner content

Why US-based VC GFT Ventures is a cut above the rest in AI technologies

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Private Equity

Too many sellers but few buyers in Asian secondaries market, say investors

Too many sellers but few buyers in Asian secondaries market, say investors

The bid-ask gap is particularly wide for Chinese, technology, and crypto assets, investors said.

Indian lifestyle brand The Souled Store raises $16.4m from Xponentia Capital, others

Existing backers, Elevation Capital and RPSG Capital also joined the round.

India's Kotak Group hits first close of second situations fund at $1.25b

India's Kotak Group hits first close of second situations fund at $1.25b

Investments typically involve a combination of debt, equity and mezzanine instruments.

Venture Capital

B Capital backs $20m Series A funding of life-science supply marketplace Labviva

B Capital backs $20m Series A funding of life-science supply marketplace Labviva

The Series A round was anchored by growth equity firm Biospring Partners.

LG Corp, UOB Venture Management back self-driving startup Venti's $28.8m funding

LG Corp, UOB Venture Management back self-driving startup Venti's $28.8m funding

Venti has been developing its self-driving for vehicles for the last three years.

India Digest: pi Ventures raises $2.6m; Artha India invests in BuuPass; Sequoia backs Nimbbl

India Digest: pi Ventures raises $2.6m; Artha India invests in BuuPass; Sequoia backs Nimbbl

BuuPass is Artha India Venture's third investment in the African continent.

Q & A

Being a female founder a plus in education industry, says StoryChopsticks's Yuanxin Sun

Being a female founder a plus in education industry, says StoryChopsticks's Yuanxin Sun

Domestic capital becomes force to reckon with in Indian PE, VC landscape: Xponentia Capital

Domestic capital becomes force to reckon with in Indian PE, VC landscape: Xponentia Capital

The LP View: BII to seed climate investments in Southeast Asia

The LP View: BII to seed climate investments in Southeast Asia

Female founders tend to be more realistic, might undervalue themselves: gool co-founder Wanjun Yap

Female founders tend to be more realistic, might undervalue themselves: gool co-founder Wanjun Yap

Deals

IFC proposes $69m financing package for Indian textile maker Himatsingka Seide

IFC proposes $69m financing package for Indian textile maker Himatsingka Seide

HSL will use the proposed funding for its operations in Hassan and Doddaballapur.

Indian lifestyle brand The Souled Store raises $16.4m from Xponentia Capital, others

Existing backers, Elevation Capital and RPSG Capital also joined the round.

Australia's Ramsay, Malaysia's Sime Darby look to revive sale of Asia healthcare JV

Australia's Ramsay, Malaysia's Sime Darby look to revive sale of Asia healthcare JV

The deal could value the business at around $1.36b.

Analysis

Apple launches BNPL service, set to disrupt US fintech sector

Apple launches BNPL service, set to disrupt US fintech sector

Apple Pay Later will allow users to split purchases into four payments spread over six weeks with no interest or fees.

How cash fuelled TikTok’s meteoric rise in Asia Pacific

How cash fuelled TikTok’s meteoric rise in Asia Pacific

TikTok has grown its APAC subscribers by 3.8x since 2019 as the result of a cash-burning expansion spree.

Allianz applies to set up new fund management unit in China

Allianz applies to set up new fund management unit in China

The segment has attracted global asset managers such as BlackRock, Fidelity International and Schroders.

Opinion

Vantage Point: SVB crisis offers opportunity for bottom fishing in Indonesian banks

Vantage Point: SVB crisis offers opportunity for bottom fishing in Indonesian banks

Vantage Point: Following Q4 profit, Sea Ltd deserves to trade at a premium to peers

Vantage Point: Following Q4 profit, Sea Ltd deserves to trade at a premium to peers

Billionaire investor Mark Mobius 'positive' on China after earlier comments

Billionaire investor Mark Mobius 'positive' on China after earlier comments

Macro factors are an overhang on PropertyGuru’s profitability even as losses narrow

Macro factors are an overhang on PropertyGuru’s profitability even as losses narrow

Policy and Regulations

US FDIC tells collapsed Signature Bank's crypto clients to close accounts by April 5

US FDIC tells collapsed Signature Bank's crypto clients to close accounts by April 5

The deposits in question were not part of a rescue deal arranged with Flagstar Bank.

Crypto exchange OKX plans to apply for virtual asset licence in HK

Crypto exchange OKX plans to apply for virtual asset licence in HK

HK's proactive steps have attracted crypto and blockchain players to set up a presence in the city.

Philippines to merge two main state lenders amid global banking turmoil

Philippines to merge two main state lenders amid global banking turmoil

Land Bank of the Philippines and the Development Bank of the Philippines to merge.