India
Sharechat’s valuation had reportedly shrunk to $1.5b in end-2023 from $5b in 2022.
Syngenta withdraws Shanghai IPO application
Panasonic to sell entire stake in auto business to Apollo Global-managed funds
Chinese memory chipmaker CXMT raising $1.5b in fresh round despite US sanction threats
India: Muthoot Microfin secures $75m through external commercial borrowings
India Digest: Blume leads $7.5m funding in Bambrew; Sindhuja Microcredit raises $14.5m from GAWA, Oikocredit
More Stories
India: Former Premji Invest execs-led PE firm Trident Growth eyes $250m debut fund
Vietnam-based PE firm Mekong Capital testing new waters for future growth
SE Asia-focused PE funds salvage 2023 performance with strong H2 fundraising
HSBC launches $1b ASEAN growth debt fund and $150m SG venture debt fund
PH-focused discount grocery chain DALI raises $25m from Venturi Partners
Indonesia
DealStreetAsia had reported earlier that LinkAja will be roping in a new global investor.
With cautious spending, the company hopes to clock adjusted Ebitda of +200b rupiah in 2024.
Singapore
ShopBack’s losses had widened by 27.5% to $60.8m in FY23.
World
TikTok achieved record sales in the US in 2023, according to FT.
Greater China
Alibaba has a number of entertainment-related companies under its umbrella including Alibaba Pictures.
About 56.8m shares, of the 176.4m shares sold, were bought by Morgan Stanley.
Yet, TikTok’s popularity could make it tough to get legislation approved in an election year.
Google had removed over 100 Indian apps.
Top players roll out new initiatives to woo consumers willing to pay for convenience and accessibility.