Private Equity
It committed $300m each to CVC Capital Partners Asia VI and Bain Capital Asia V.
Analysis
Modal Rakyat provides productive loans for micro, small, and medium enterprises.
The deal value of martech startups in the region has steadily increased between 2020 and 2023.
Deals
China's bonds boom as investors face 'asset famine'
Metro Pacific-led consortium in talks to buy stake in Indonesian toll company for $750m
Fidelity International plans to cut 16% of China fund unit jobs
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Our reporters track deals with a focus on Private Equity, Venture Capital and M&As across Southeast Asia, India and China, and bring it to your inbox every day.
India
Startups founded or co-founded by women in India bagged $1.08 billion in funding in 2023, accounting for a 9.25% share of all private capital raised by startups in the country.
Southeast Asia
Startups with at least one female founder in Southeast Asia raised $1.41 billion in equity funding in 2023, or 18.3% of the total private capital secured during the year.
Rest of Asia
Singapore
The Riyadh-headquartered fund manager will also be opening an office in Singapore.
Malaysia
The pension fund will make the investments through Gobi Partners.
The round was anchored by venture capital investor TRIVE Ventures.
Cedar Capital is looking to invest in 15 early-stage banktech-focused startups in seed-Series A rounds.
A91 Partners is currently investing from its second fund, which has a total corpus of $550m.
Perfios has a presence in India, Southeast Asia, the Middle East, and Africa.
Indonesia
Vietnam
Metro Pacific Tollways is aiming to buy a 35% stake in Jasamarga Transjawa Tol.
Indonesia-based digital staffing platform Staffinc has received a fresh capital infusion from its existing investors.
Greater China
The stake was worth around 836 million euros ($910 million) on Monday.
Yields at the longer end of China's bond market have been crunched to record lows by the weight of available money.
BYD will use Nvidia's next generation of in-vehicle chips, called Drive Thor.
Foreign investors gravitate toward fast-growing economy as China risks mount.
The stricter measures come amid a regulatory tightening across China's financial sector.
World
TikTok achieved record sales in the US in 2023, according to FT.
IPO applications will be strictly vetted to prevent companies from excessive fundraising.
The move comes amid a global downsizing by the firm and a downturn in China's markets.