Private Equity
The move comes on the heels of Taiwanese insurer Cathay Life’s decision to offload its stake in multiple PE vehicles.
Taiwan's Shin Kong Life disposes of stake in Warburg Pincus, four other PE funds
L Catterton to form consumer-focused JV in India with ex-HUL chief
Fundraising by Chinese firms in limbo amid tougher scrutiny of IPOs
JPMorgan appoints Rita Chan, Alan Ho as co-senior country officers for China
Sam Bankman-Fried to be sentenced for multi-billion dollar FTX fraud
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PH-focused discount grocery chain DALI raises $25m from Venturi Partners
Indonesian digital wallet LinkAja raises funds from Japan’s Mitsui
HSBC launches $1b ASEAN growth debt fund and $150m SG venture debt fund
Competition heats up in last-mile delivery as e-commerce firms raise their logistics game
Stonepeak sees APAC playing a bigger role in global energy transition
Sanjiv Mehta would assume the role of executive chairman of India for the Asia platform.
IPOs & Markets
During January-March 2024, money raised via China IPOs plunged two-thirds from a year ago.
People
The pair will take up their appointments on April 1 and replace the retiring Mark Leung.
Policy & Regulations
A jury found him guilty in November on seven fraud and conspiracy counts.
Vietnam
Growth in the global EV market is expected to slow this year because of a fall in state subsidies.
World
US M&A volumes surged 59%. European deals jumped 64%, but APAC volumes slumped 40%.
India
India has emerged as the second busiest market for equity capital market deals after the US.
Gautam Adani’s family raised its stake to about 67% from 63.15%.
Greater China
Alibaba has decided against listing Cainiao in HK citing a “depressed” share market.