The past week saw several fundraisings and deals in the climate sector.
Editor’s take: The week that was—Nov 27-Dec 2
Clouds gather over Alibaba's key unit after IPO plans scrapped
Canada's Brookfield raises record $28b for infrastructure fund
OpenAI defers launch of custom GPT store to early next year
US to limit Chinese content in battery parts eligible for EV tax credits
One of the biggest constraints for Asia’s private credit sector is talent: Elham Credit’s Siddhartha Hari
Wellington Management emerges as an outlier amid late-stage funding crunch
People Digest: Golub Capital opens Hong Kong office; KKR announces key appointments
IHH Healthcare seeks acquisitions in Indonesia, Vietnam; eyes turnaround in China
Indonesia’s Bank Jasa banks on Astra’s ecosystem to make a mark in digital banking
“A bank with digital services cannot work alone,” said Leo Koesmanto, President Director, Bank Jasa.
While Bioniqa has raised funds, Sampangan and BANiQL are said to be finalising deals.
Earnings and Results
Its net revenues in Jan-Sept 2023 rose 9% compared to same period a year earlier.
“We cannot ignore India,” Group CEO Jeffri Salim Davidson said.
It acquired the telco towers, 70% of which are located outside Java island, from local telco firm PT Gametraco Tunggal.
Aquatech platform Tepbac issued shares to investors, including Aqua-Spark and AgFunder.
Policy & Regulations
In September, Indonesia banned e-commerce transactions on social media.
Data centres use significant amounts of energy and water resources to fuel power-hungry servers.
Apparel and fashion commerce platform Nitex issued new shares last week to a group of investors.