Rest of Asia
The software unicorn has onboarded over 100 venture capitalists and startups from the region on its platform.
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
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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
Singapore
The fundraising could value Carro, which has valuation of over $1b, even higher.
Greater China
Hong Kong-listed NetDragon invested in Rokid.
ONE has not raised any funds since its $150m round co-led by QIA in 2021.
India
InCred is backed by KKR, ADIA, and Investcorp, among others.
The firm had announced raising $200m in its Series E round led by StepStone in August.
01.AI’s local rival Baichuan reached the unicorn valuation in Oct – six months after its inception.
Mixue’s decision to bring the franchise to Hong Kong comes as the firm is reportedly eyeing a first-time share sale in the city.
World
Google is already an investor in Anthropic.
Seatrium has been working in partnership with Singapore’s Energy Market Authority.
