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
Philippines-based coffee chain operator PICKUP COFFEE has received a fresh capital injection from new investors.
IPOs & Markets
Shares of gold miner OceanaGold Philippines Inc ended 6.16% lower on its trading debut on Monday.
The Philippine foray comes shortly after VinFast opened its first dealership in Indonesia.
Analysis
Hotel101 plans to combine with a SPAC in the U.S. later this year.
The deal could value the data centre business at $750m.
The acquisition is expected to accelerate GoTyme Bank’s growth and path to profitability.
The parent company of wealthtech app Hugosave has issued new shares to co-founder Ben Davies, Getz Group and others.
Private Equity
The consortium also includes DEG, BIO, and OP Finnfund Global Impact Fund I.
Singapore fintech startups accounted for more than half of the funds raised in the first quarter.