Private Equity
The fundraising plan comes as the Biden administration is weighing adding ChangXin to its so-called “Entity List.”
Panasonic will also acquire a 20% stake in Star Japan Holdings, which will own the new parent company of PAS.
The move comes on the heels of Taiwanese insurer Cathay Life's decision to offload its stake in multiple PE vehicles.
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
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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
HSBC launches $1b ASEAN growth debt fund and $150m SG venture debt fund
Our reporters track deals with a focus on Private Equity, Venture Capital and M&As across Southeast Asia, India and China, and bring it to your inbox every day.
Southeast Asia
After a slow start to the year, Southeast Asia-focused private equity (PE) funds made a strong comeback in the second half of 2023.
India
Startups founded or co-founded by women in India bagged $1.08 billion in funding in 2023, accounting for a 9.25% share of all private capital raised by startups in the country.
Rest of Asia
Greater China
The firm also intends to add 20 more investment professionals to its asset management business in India.
The twin-strategy third fund aims to raise $250-300m in total.
The new fund brings the firm's total AUM to almost 1 billion yuan ($138.4m).
Singapore
StealthMole raised $7m in a Series A round led by Korea Investment Partners.
Indonesia
HSBC will back companies from its $1b ASEAN Growth Fund.
Philippines
The $75-million social loan facility has a greenshoe option of $25 million.
Blue Ashva Capital, Mumbai Angels, and Indus Capital also invested in Bambrew.
World
The new version has improved coding and math-related skills, it said.
US M&A volumes surged 59%. European deals jumped 64%, but APAC volumes fell 40%.
The SU7 will go on sale in 211 stores across 39 Chinese cities by end of this year.
The IPO would have valued the company at about $60b.
In Indonesia, crypto firms need to undergo assessment within a regulatory sandbox before receiving licence.
If the US bans TikTok, then Canada and the UK may follow suit.
Bankman-Fried acknowledged that FTX customers had suffered, and he offered an apology to his former FTX colleagues.
The pair will take up their appointments on April 1 and replace the retiring Mark Leung.