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E-Commerce & Internet EconomyTechnologyReal Estate and InfrastructureFinancial ServicesSocial InfrastructureDeals Barometer

People

BYJU’s fires another 1,200 employees, more layoffs to follow

BYJU’s handed out pink slips to 2,500 employees less than six months back.

Just InTrending

BYJU's fires another 1,200 employees, more layoffs to follow

People Digest: Grab appoints SG politician to handle public affairs; FWD names new CEO

SEA Digest: SG's BandLab acquires beat platform Airbit; Indonesia's Bio Farma, SIRCLO launch Medbiz

HK-based New World weighs sale of majority stake in $1.4b premium office tower

Sequoia Capital leads $12m Series A round in SG-based Freightify

More Stories

Bangladesh B2B startup ShopUp secures $30m debt financing

Creador, Navegar invest in Philippines-focused discount retail chain DALI Stores

Former Gojek exec’s SaaS startup klikit raises $5.6m in seed funding

PH’s Foxmont Capital Partners raises $21.3m for second venture fund

SG wealth management platform Kristal.AI eyes $30m Series B funding

People

People Digest: Grab appoints SG politician to handle public affairs; FWD names new CEO

Ling has been an MP for the currently governing People’s Action Party for three terms since 2011.

Deals

SEA Digest: SG’s BandLab acquires beat platform Airbit; Indonesia’s Bio Farma, SIRCLO launch Medbiz

Bio Farma has estimated a 49% drop in revenue in 2022.

Deals

HK-based New World weighs sale of majority stake in $1.4b premium office tower

New World is offering a guaranteed capitalisation rate to attract investors.

Deals

Sequoia Capital leads $12m Series A round in SG-based Freightify

The round also saw the participation of Trail Mix Ventures and Alteria Capital.

Greater China

Greater China Digest: Lanshen New Material Tech, R&B & WeMo raise funding

WeMo plans to expand its services to SE Asia, with an emphasis on Indonesia and Thailand.

Singapore

SG digital healthcare group WhiteCoat looking to raise $25m in Series B funding

The company is said to be eyeing an expansion to Indonesia, Vietnam, and Malaysia.

Greater China

US-listed Chinese wealth management platform Lufax Holding files for Hong Kong IPO

Lufax’s net profit dropped 67% to $190m in Q3 2022 from the same period of 2021.

Rest of Asia

AXA IM Alts buys 33 multifamily assets in Japan for $460m

AXA IM Alts had entered Japan’s homecare market in December.

Philippines

PH’s Foxmont Capital Partners raises $21.3m for second venture fund

Fund II exceeds Foxmont’s $20-million target.

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