Deals
This week saw a flurry of earnings reports as several major companies announced their latest financial updates.
Didi co-founder Liu steps down after decade as president & board director
Editor's take: The week that was—May 13-18
ShawKwei & Partners leans on secondaries amid a more favourable environment
Vertex Ventures launches $64m inaugural Japan-focused fund
Crypto lender Genesis to return $3b to customers in bankruptcy liquidation
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Singapore’s finance admin startup Osome raises $17m in Series B+ round
Indonesian investment firm Saratoga said to be exiting Antangin maker Deltomed
Haidilao restaurant operator Super Hi’s shares surge 38% in strong US market debut
Venture Capital
Ekuinas said the investment is part of its 100 million ringgit ($21 million) Dana Asas fund.
Axiata and Sinar Mas have entered into a non-binding agreement.
Private Equity
The consortium’s shareholders comprise a subsidiary of the Abu Dhabi Investment Authority.
IPOs & Markets
The auction will involve carbon credits from the Kuamut Rainforest Conservation Project.
Unicorns
Carsome sold 150,000+ cars in 2023, bringing the total sales since its launch in 2015 to over 500,000.
The deal size is likely to be around $60 million, sources said.
The hyperscale project is a planned $1.5b investment for Princeton Digital.
Affinity had bought the hospital for an undisclosed amount in 2015.
Analysis
Singapore fintech startups accounted for more than half of the funds raised in the first quarter.