IPOs & Markets
Aiways is among a group of struggling Chinese EV startups that have suspended operations amid sluggish sales.
Axiata, Sinar Mas confirm talks for $3.45b Indonesian telecom merger
Mekong Capital invests $5m in Cambodian biofertiliser firm HUSK
Malaysia Airports to be taken private by consortium led by Khazanah, EPF
Accion launches $152.5m fund to back financial institutions serving small businesses
Indian insurer Go Digit raises $141m from anchor investors ahead of IPO
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Indonesian health food maker Lemonilo explores fundraising, may seek buyer
ChrysCapital investing up to $100m in Indian eye care chain Centre for Sight
Sea’s e-commerce growth rides on ramp-up in live streaming and logistics efforts
CVC Capital buys 10.4% stake in Indonesia’s Siloam International Hospitals for $240m
Blackstone teams up with ADIA, GIC for Haldiram Snacks bid: Report
Private Equity
The number of people aged 60 and older in China could reach an estimated 402 million by 2040.
Venture Capital
Ameba Capital, Yonghua Capital, as well as Lenovo Capital and Incubator Group co-led the round.
Deals
The firm sold more than 7,000 units of its first model in April.
Policy & Regulations
Last week, TikTok and its Chinese parent company ByteDance filed a similar lawsuit.
The university is now looking for investment managers to co-establish multiple venture investment funds.
Following the move, Uber would hold around 2.98% of the Delivery Hero’s new share capital.
Earnings and Results
Consumers in China have been spending carefully amid an economic slowdown and property slump.
Revenue reached $22.04 billion for the three months ended March 31.
The new measures impact $18 billion in Chinese imported goods, including steel and aluminum, and semiconductors.