Deals
Here’s your weekly recap of the most significant developments in Asian private markets in the week that went by.
Chinese brokerage CICC cutting investment bankers' base pay by 25%: report
South Korea to act following reports of Japan pressuring Naver to divest stake in LY Corp
Elon Musk visits China as Tesla seeks full self-driving technology rollout
China regulator tightens scrutiny on ex-employees' investment in pre-IPO firms
Adani-EdgeConneX JV secures up to $1.4b financing to build data centres in India
More Stories
GoTo-backed digital lender Bank Jago’s profits surge 24% in Q1 2024
Editor’s take: The week that was — April 22-27
PE firm L Catterton buys into Italy’s affordable cosmetics brand KIKO in $1.5b deal
As new regulations take shape, will Indonesian investors’ interest in crypto hold?
Decarbonization Partners hits final close of debut fund at $1.4b, surpasses target
Policy & Regulations
Expedited passes for VCs and unicorns, were among the announcements.
Analysis
As part of the merger, long-haul airline AirAsia X will take over Capital A’s aviation business.
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
Fernandes said the company’s board requested him to stay on.
The bank reportedly plans to launch a debit card by the end of this year.
The Hive Climate Al and China Galaxy Securities, meanwhile, are set to launch their funds in the country.
Rahman will join Malaysia’s largest asset manager PNB as new president and group CEO from July 1.
GIP couldn’t reach an agreement on a price for the Malaysian port operator.