Deals
The Philippine foray comes shortly after VinFast opened its first dealership in Indonesia.
The Parentinc claims to have hit profitability in Jan, filings show losses surged nearly 50% in 2022
Nomura Holdings embraces private assets to beat bubble-era profits
TikTok parent ByteDance enters AI arena with Doubao
Grab reports 24% rise in revenue, lowers operating loss in Q1 2024
Norway sovereign wealth fund excludes three companies over ethical concerns
More Stories
Blackstone teams up with ADIA, GIC for Haldiram Snacks bid: Report
Indonesian health food maker Lemonilo explores fundraising, may seek buyer
ChrysCapital investing up to $100m in Indian eye care chain Centre for Sight
CVC Capital buys 10.4% stake in Indonesia’s Siloam International Hospitals for $240m
Sea’s e-commerce growth rides on ramp-up in live streaming and logistics efforts
Analysis
Singapore fintech startups accounted for more than half of the funds raised in the first quarter.
Microsoft has pledged to train 2.5 million people in Southeast Asia in the use of AI by 2025.
People
Beacon VC has partnered Indonesia’s SUN Group to invest in Thai startup ION Energy’s $3-million Series A round.
IFC said the funds will be split between KB Kookmin Card’s subsidiaries in these countries.
Venture Capital
Betagro Ventures will back early-stage startups and also undertake venture building of new businesses.
Here’s your weekly recap of the most significant developments in Asian private markets in the week that went by.
Regional startups raised a meagre $1 billion in private funding in Q1, the lowest quarterly haul in over five years.
Thai insurtech firm Sunday has issued additional shares to its largest shareholder.
The facility is forecast to produce 50,000 electric and hybrid vehicles in the first phase within 2025.