Analysis
The Malaysian budget carrier plans to launch flights to Africa, Europe and the US.
Venture Capital
Jakvent is transitioning to a Venture Capital Corporation from a Venture Debt Corporation.
Temu’s SE Asian journey began just over a year ago, starting with the Philippines and Malaysia
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AirAsia charts plan to cover the globe by 2030 following restructuring
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Hyundai India's record $3.3b IPO subscribed 18% on day 1 of bidding
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Gulf Islamic Investments backs footwear brand Yoho and India deals worth $112m
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7-Eleven revival plan needs heavy lifting to stop Couche-Tard's $47b takeover
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Tokyo Metro said to be raising $2.3b in Japan's biggest IPO in six years
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Jakarta Ventura plans to double down on investments in Indonesia
E-commerce rivalry in Vietnam to intensify further with Temu’s entry
Drone firm Avirtech’s ex-CEO under lens in SG, ID for alleged $3m fraud
Indian healthtech firms now fairly valued amid market shift, says Leapfrog exec
Partners Group ropes in Atlantic-Pacific Capital exec as Asia co-head
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Greater China
Vincent Ng will co-lead the Swiss firm’s Asia business alongside Kevin Lu.
India
Doctor-entrepreneurs in tier 2 cities are warming up to ‘equity funding’.
Rest of Asia
TPG Telecom expects the deal to deliver net cash proceeds between A$4.65b and A$4.75b.
KKR said its offer was superior and in the best interest of Fuji Soft.
Pony.ai is preparing for an IPO in the US.
Oman Future Fund has launched ewpartners-Oman Fund and the IDG Oman Investment Fund.
Singapore
HMI Medical has been growing via M&As.
Indonesia
The firm is looking at a valuation of over $4b in the upcoming round.
Anicut Capital has raised $11m through the GIFT City Structure.
The big-ticket round was led by a subsidiary of the Abu Dhabi Investment Authority.
The funding round facilitated the partial exit of A91 Partners and India Quotient.
IPO fundraising halved in SE Asia in Q1-Q3 2024.
Women comprise just 18% of investment decision-makers at Southeast Asia-based venture investors, finds our latest report.
No SE Asia-focused PE fund secured a final close in H1 2024.
Capital raised by Greater China startups fell 55% QoQ to just $9b.
Health and fitness startup HealthifyMe issued shares to LeapFrog, Khosla Ventures and others last week.
Chitose Bio Evolution has bagged funding from Japanese company Toppan Holdings.
watchTowr has received a capital injection from Peak XV, Prosus Ventures and Cercano Management.
A unit of US-based water treatment solutions firm Gradiant acquired all shares in Singapore’s SpaceAge Labs last week.
Malaysia
Seven & i plans to split off its supermarket operation and some 30 other "non-core" units into a holding company.
Customers can use the app for receipt scanning, buying points, and converting points until October 20, 2024.
The firm derived most of its revenue overseas last year.
The company reported a net loss of $14.3 million for the year ended Dec 31, 2023.
UnaBiz reversed payables that were due to Sigfox SA, which it acquired in 2022.
Thailand
Total comprehensive loss fell around 83% YoY to $18.6m in FY23.
Revenue for Apple's biggest iPhone assembler jumped 20.2% year on year to T$1.85 trillion ($57.3 billion).
After he stepped back from the Group, Ratan Tata became known as a prominent investor in Indian startups
The unit's current head, Junjie He, will take over as interim CFO.
Shares in Ola have dropped 43% from their all-time high.
World