Analysis
China has produced the prototype of an EUV machine, critical to AI chips.
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2
Freshworks eyes acquisitions with $800m cash pile, AI in focus
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Diageo sells 65% stake in East African Breweries to Asahi for $2.3b
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Coursera to buy Udemy to create $2.5b firm to target AI training
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Inside China's ‘Manhattan Project’ to master the tech to build AI chips
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Deals
The acquisitions will create China’s fourth-largest investment bank.
Private Equity
Warburg seeks to leverage its global track record to support Acclime’s next phase of growth.
IPOs & Markets
MetaX raised roughly $600 million in an initial public offering last week.
Venture Capital
The round was led by Goodwater with participation from Pantera, HongShan and others.
Q3 has emerged as the best quarter for startup fundraising in Greater China so far this year.
The final tranche of $300m would need the lender’s consent.
The IPO could raise $300 million, local Chinese media reported.
Policy & Regulations
The current model encourages investors to stockpile funds for arbitrage plays.
The world’s major cryptocurrencies have been on a roller-coaster ride.