Venture Capital
It is understood to have trimmed the target by another 20% to $800m after halving it to $1b in Jan.
Databricks unveils open-source chatbot as cheaper ChatGPT alternative
Binance halts deposits, withdrawals after technical glitches in spot trading
Five senior executives at India's Nykaa resign in latest exits
Hong Kong-based Animoca Brands cuts target for new metaverse fund again
Apple Inc supplier Pegatron in talks to open second factory in India
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BYJU’s in final talks to raise $250m at a flat valuation: sources
Singapore fintech major Kredivo scores $270m in Mizuho-led Series D
SG logistics firm Ninja Van’s losses more than doubled to S$250m in FY2022
Northstar looking at synergies between portfolio companies, sees promise in AI
Indonesian SME enabler BukuWarung posts net loss of $19m in 2021 as expenses swell
IPOs & Markets
Move to boost HK’s position as a preferred location for Chinese ADRs seeking a dual or secondary listing.
Analysis
The company’s total investment in the round stands at $349m.
Policy & Regulations
The Chinese company says it has spent more than $1.5b on data security efforts.
High- and ultra-high net worth families in China are seeking to diversify their investments post-pandemic.
Private Equity
Genstar is reportedly raising $12-13b for its latest flagship fund.
China lost 229 billionaires from the Hurun Global Rich List 2023
Open source technology is less susceptible to sanctions.
The PE firm is reportedly looking to raise $9b for the fund.
The round saw the participation of UK’s M&G and buyout giant BPEA EQT.
