Venture Capital
Blue Chip founder says $209m fund helps country's semiconductor industry.
Analysis
Oversight of crypto is being transferred to the OJK from Bappebti.
Deals
Here's your weekly recap of the most significant developments in Asian private markets in the week that went by.
Malaysian chip-focused venture fund to invest in over 10 startups
Chinese brokerage CICC cutting investment bankers' base pay by 25%: report
South Korea to act following reports of Japan pressuring Naver to divest stake in LY Corp
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GoTo-backed digital lender Bank Jago’s profits surge 24% in Q1 2024
Editor’s take: The week that was — April 22-27
PE firm L Catterton buys into Italy’s affordable cosmetics brand KIKO in $1.5b deal
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.
Southeast Asia
Southeast Asia's startups saw an uptick in the number of funding rounds recorded in the first quarter of the year, but the total capital raised nosedived to the lowest level seen in over five years.
India
Fundraising by Indian startups fell 11% sequentially to $2.6 billion in Q1.
World
L Catterton has already invested in more than 30 beauty brands.
Schroders Greencoat is looking at opportunities beyond North America and Europe.
Singapore
The BlackRock-Temasek JV fund had set a target of $1 billion.
Malaysia
The firm has 23 active investments in its India portfolio
ShopBack is launching a mobile app and website tailored for New Zealand.
Ola is exiting the UK, Australia, and New Zealand.
Greater China
AdaniConneX had raised $213m last year to fund data centres under construction.
The pre-Series A funding round was led by Motion Ventures and July Ventures.
The salary cuts will affect more than 2,000 bankers.
Rest of Asia
Kyodo had reported that SoftBank was in talks to buy shares of LY Corp after guidance from Japan's government.
Indonesia
FirstCry is said to withdraw its IPO papers, make changes and refile them as early as next week,
Vietnam
The CSRC rules also expanded the scope of the regulation to relatives of its ex-employees.
Expedited passes for VCs and unicorns, were among the announcements.
The social media company expects to win a legal challenge to block the ban.
Tesla rolled out FSD four years ago but has yet to make it available in China.