Analysis
PE-VC firms encashed $22.4b in 2023, a 21.6% jump from 2022.
Singapore had around 1,400 FOs as of the end of last year.
Private Equity
The Riyadh-headquartered fund manager will also be opening an office in Singapore.
Deals
Indonesia proposes to inject $3.7b into state-owned firms in 2024-25: minister
Qiming leads Shengshu Technology’s fresh funding round and 38 Greater China deals worth almost $368m
Hong Kong surpasses Singapore with over 2,700 single-family offices
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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.
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.
Southeast Asia
Startups with at least one female founder in Southeast Asia raised $1.41 billion in equity funding in 2023, or 18.3% of the total private capital secured during the year.
Rest of Asia
It committed $300m each to CVC Capital Partners Asia VI and Bain Capital Asia V.
Singapore
Malaysia
The pension fund will make the investments through Gobi Partners.
Greater China
Shengshu Technology previously sealed its angel round in June 2023 led by Ant Group.
Jumbotail has raised $18.2m, while Sprih has bagged $3m.
Accredify had raised $7m in its Series A round in Apr 2023.
Perfios has a presence in India, Southeast Asia, the Middle East, and Africa.
Indonesia
Vietnam
The new feature will allow stablecoins and other digital assets to be converted into usable funds for GrabPay.
Metro Pacific Tollways is aiming to buy a 35% stake in Jasamarga Transjawa Tol.
Indonesia-based digital staffing platform Staffinc has received a fresh capital infusion from its existing investors.
Yields at the longer end of China's bond market have been crunched to record lows by the weight of available money.
BYD will use Nvidia's next generation of in-vehicle chips, called Drive Thor.
Foreign investors gravitate toward fast-growing economy as China risks mount.
Four major construction firms are some of the intended recipients.
The stricter measures come amid a regulatory tightening across China's financial sector.
World
TikTok achieved record sales in the US in 2023, according to FT.
The move comes amid a global downsizing by the firm and a downturn in China's markets.