Analysis
Hong Kong is building clout as a hub for tech firms to raise funds.
1
Singapore chases 'growth' IPOs as Hong Kong attracts AI listings
2
China's GDS affiliate DayOne aims to raise $5b in US IPO
3
India's Alkem Labs unit to buy up to 55% of Occlutech for $118m
4
Japan's Sumitomo Forestry to buy US builder Tri Pointe Homes for $4.5b
5
India's Ola Electric posts narrower loss despite sales slump
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IPOs & Markets
The Singapore-headquartered data centre operator could be valued at $20 billion in the IPO.
Deals
The deal will give Alkem MedTech access to high-value markets.
The offer represents a 29% premium to Tri Pointe Homes’ closing price on Thursday.
Earnings and Results
Lower manufacturing costs for its new lineup of models helped partly offset a sales slump.
Greater China
The company said the potential listing would be through American depositary shares.
The deal would mark ByteDance’s major retreat from online games.
Rest of Asia
Its alternatives portfolio grew to 14.4 trillion yen ($91 b).
Indonesia
Chief financial officer Eddy Porwanto has been appointed acting CEO.
The fund aims to raise over $130m in next 18 months.
