Indonesia
The company is not shutting down its entire operations, CEO Rama Mamuaya told DealStreetAsia.
Crypto firm Tether invests $200m in US brain implant maker Blackrock Neurotech
Asset manager Value Partners said to have laid off a third of China staff
Bahrain's Investcorp to buy NSE's IT arm for $120m in India push
Indonesia's Bukalapak hits positive adjusted EBITDA for first time in Q1
Indonesian tech giant GoTo's losses narrow as revenue jumps in Q1 2024
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HK-based PE firm Azuremount WH closes co-control deal in AI software developer ATOM
Lured by robust exits, PE firms line up for hospital assets in India; SE Asia to follow
GoTo-backed digital lender Bank Jago’s profits surge 24% in Q1 2024
The LP View: Infra fund managers seen adopting clear climate strategy in Asia, says AIIB exec
Editor’s take: The week that was — April 22-27
Greater China
Andersen was a key player in the company’s successful challenge in 2020 to the attempt to ban TikTok.
The salary cuts will affect more than 2,000 bankers.
Rest of Asia
Kyodo had reported that SoftBank was in talks to buy shares of LY Corp after guidance from Japan’s government.
Oversight of crypto is being transferred to the OJK from Bappebti.
World
Apple has been slower in rolling out generative AI than rivals Microsoft and Google.
State capital investors have emerged as a driving force in China’s fledgling secondary market amid a tepid exit landscape.
Vietnam
Tech is still one of the least active sectors in Vietnam in terms of M&A transactions, per a report.
Competition, manpower shortage pose challenges as initial euphoria settles down.
Malaysia
As part of the merger, long-haul airline AirAsia X will take over Capital A’s aviation business.