Deals
Negotiations are on about licensing Gemini for some new features coming to the iPhone software this year.
Abu Dhabi wealth fund offers to buy PAG fund stakes at discount: Report
SEA Digest: EV mobility startup Blitz bags funding; VAST Data launches SG headquarters
Indonesia proposes to inject $3.7b into state-owned firms in 2024-25: minister
Qiming leads Shengshu Technology’s fresh funding round and 38 Greater China deals worth almost $368m
Hong Kong surpasses Singapore with over 2,700 single-family offices
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IFC weighs $100m investment for responsAbility’s Asia-focused climate fund
Charticle: First-time VC fund managers in SE Asia had one of their toughest years in 2023
Vietnam’s Vingroup sells 41.5% of its stake in Vincom Retail for nearly $1b
Indonesia-listed Saratoga likely to acquire Brawijaya Hospital from PE firm Falcon House
Analysis
Move comes days after US investor Elliott Advisors walked away.
Policy & Regulations
TikTok achieved record sales in the US in 2023, according to FT.
Private Equity
The evergreen funds are available to individual investors with a $10,000 minimum entry requirement.
Venture Capital
The round was co-led by Eight Roads Ventures and Denali Growth Partners.
The US has passed a bill that gives ByteDance about six months to divest its US assets or face a ban.
Buyout value dropped 37%, while the value of investment exits fell 44%.
The fate of TikTok, used by about 170 million Americans, has become a major issue in Washington.
IPOs & Markets
The SPAC may enter into a business combination with a China-based entity.
The Abu Dhabi-backed buyout of the UK paper has provoked fears of foreign influence in news reporting.