Deals
Here’s your weekly recap of the most significant developments in Asian private markets in the week that went by.
Adani-EdgeConneX JV secures up to $1.4b financing to build data centres in India
Editor's take: The week that was — April 22-27
As new regulations take shape, will Indonesian investors' interest in crypto hold?
PE firm L Catterton buys into Italy's affordable cosmetics brand KIKO in $1.5b deal
Apple renews talks with OpenAI for iPhone generative AI features: report
More Stories
GoTo-backed digital lender Bank Jago’s profits surge 24% in Q1 2024
PE firm L Catterton buys into Italy’s affordable cosmetics brand KIKO in $1.5b deal
Decarbonization Partners hits final close of debut fund at $1.4b, surpasses target
As new regulations take shape, will Indonesian investors’ interest in crypto hold?
Tech exits in Vietnam to improve amid increased M&A appetite, finds report
Analysis
Oversight of crypto is being transferred to the OJK from Bappebti.
Earnings and Results
The NPL ratio stood at 0.6%, way below the industry average of 2.3%.
Competition, manpower shortage pose challenges as initial euphoria settles down.
A non-binding agreement may be reached in the coming months.
Regional startups raised a meagre $1 billion in private funding in Q1, the lowest quarterly haul in over five years.
People
Zoomcar is planning to expand its business to other parts of the country.
Marketing expenses, which rose 76% YoY, were among the company’s biggest costs in 2022.
Policy & Regulations
There has not been any formal request from Alipay to Bank Indonesia.
The deal is expected to be closed by June.