Policy & Regulations
A jury found him guilty in November on seven fraud and conspiracy counts.
Fundraising by Chinese firms in limbo amid tougher scrutiny of IPOs
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Sam Bankman-Fried to be sentenced for multi-billion dollar FTX fraud
Chinese EV maker BYD hits the brakes on plans for Vietnam factory
Global M&A activity bounces back in Q1 but APAC deals slump
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PH-focused discount grocery chain DALI raises $25m from Venturi Partners
Indonesian digital wallet LinkAja raises funds from Japan’s Mitsui
HSBC launches $1b ASEAN growth debt fund and $150m SG venture debt fund
Competition heats up in last-mile delivery as e-commerce firms raise their logistics game
Stonepeak sees APAC playing a bigger role in global energy transition
Analysis
US M&A volumes surged 59%. European deals jumped 64%, but APAC volumes slumped 40%.
Private Equity
The firm will get commercial milestone payments and low-single-digit royalties on the flu vaccine.
Stonepeak is also looking at communications, and transport & logistics sectors in APAC.
Data show that over the past 90 days, nearly 94% of TikTok users in the US have begun using YouTube.
Prosecutors also charged the exchange’s founders, Chinese nationals Chun Gan and Ke Tang, with conspiracy.
The Swiss firm said it sees much bigger deal flows on the secondaries side.
Deals
The investment is BII’s first direct equity investment since re-entering SE Asia in 2022.
The flexible workspace provider had filed for bankruptcy in November.
US lawmakers are divided on whether the bill ultimately seeks a ban or divesture of TikTok.