The loan will be used to expand CARD’s lending to low-income borrowers.
Alibaba-backed Baozun completes acquisition of Gap Shanghai
East Ventures leads funding in Indonesian startup Peris.ai and other SE Asia deals
Adani Group stocks resume slide after $2.5b share sale goes through
Private equity firm MBK buys Japan elderly care provider Unimat for over $300m
More Singapore companies looking abroad for growth opportunities: EnterpriseSG
Thai insurtech startup Eazy Digital closes seed round led by Wavemaker
Chinese auto insurtech firm Cheche to list on Nasdaq via SPAC
Creador, Navegar invest in Philippines-focused discount retail chain DALI Stores
Indonesian logistics tech space to see active fundraising, M&As amid strong demand
China’s JD.com to shut down e-commerce units in Indonesia, Thailand in March
Creador, through its fifth fund, invested $55m.
Flash Express is preparing for its stock market debut.
IPOs & Markets
The deal consists of a subscription to primary shares of Figaro at 1 peso per share.
Right Choice seeks to transform the Rural Bank of San Luis (Pampanga) into a digital bank.
Co-founder and former CEO Francis Plaza had quit in Nov. following a complaint.
Private funding for companies in SE Asia hit a two-year low in Q4 2022.
The Singapore superapp accounted for 54% of the region’s food delivery GMV last year.
BillEase is the first Philippines-based BNPL provider to partner with Alipay+.
Accial Capital has backed several prominent startups in SE Asia, including Investree, Pinktek & Rainforest.