Deals
ABB is also buying stake from the startup's seed investor CyberAgent Capital.
Private Equity
Three K-12 schools are being transferred into the new fund.
Venture Capital
The round was anchored by design and software solutions firm Autodesk.
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Here are our top headlines from October 2024
2
Manulife unit gets new Asia head amid job cuts
3
Bain-backed Japanese chipmaker Kioxia's market value set at $5b
4
Want to be chief of staff at Zomato? CEO says forget salary, pay $23,700 fee
5
SaaS startup Podium raises $15.2m in Series A-1 funding
More Stories
Will Indonesia’s move to set up mammoth SWF boost its investment appeal?
Indonesian VC Ideosource winds down after over a decade
Temasek’s 65 Equity Partners buys secondaries in Tencent-backed Tuya
Singapore’s Capitaland Investment to buy initial 40% stake in SC Capital Partners
Canva-backer AirTree Ventures raises capital for two new funds
Analysis
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Malaysia
World
The management of Velocity will retain the remaining stake.
Greater China
Under-penetrated private assets are seen to be creating such returns.
India
Gaja has reportedly roped in IIFL Capital to advise on the potential offering.
Singapore
The real estate asset manager will acquire the remaining 60% stake in the SG-based general partner in phases.
“When people say, ‘we are going to invest less in China’, that sounds like an opportunity.”
Blackstone is said to be nearing a deal for Jersey Mike's at around $8 billion, including debt.
Locad's pre-Series B round was co-anchored by Global Ventures and Reefknot Investments.
Existing shareholders including IDG Capital, MPC, and others also re-upped in the round.
Indonesia
The VC is in the process of selling its portfolio in the secondary market.
Core Fund V and Opportunity Fund V have raised $68m so far from US investors.
Can EVs become a mainstream choice in Indonesia—on time?
Startups headquartered in mainland China, Hong Kong, Taiwan, and Macau raised $12.69 billion in Q3.
Indian startups raised $4.3 billion from private investors in the third quarter of 2024, marking a 17% decline from the previous quarter.
Startup funding in SE Asia markedly declined in the third quarter of this year, hitting its lowest point in at least six years.
Indonesian startup Mimin has bagged capital from Skystar Capital and others.
Enstack has received $3m from Mangrove Capital, confirming our report from Oct.
B2B food ordering platform KAMEREO has bagged fresh funding from Sumitomo.
InCorp has bagged fresh capital from Hillhouse-backed business services platform Ascentium.
Vietnam
Our scoop on the MDI Ventures saga was the most-read story of the month.
Bitcoin has soared more than 40% since the Nov. 5 US presidential election
Xpeng will launch four new models next year and ramp up overseas expansion.
Alibaba is facing stiff competition from discount-based retailers such as Pinduoduo and Douyin.
Alibaba reports profit from Ant one quarter in arrears.
Rest of Asia
MUFJ Financial Group said Q2 profit surged 90% on higher interest rates.
Prolonged property sector crisis, slowdown and job insecurity have hammered consumer confidence.
Foxconn's shares have doubled so far in 2024, beating the broader market's 28% gain, buoyed by its confident outlook on AI.
Manulife Wealth and Asset Management is hiring Fabio Fontainha for the top role.
The job will have no salary in the first year.
Managing partners Nisa Leung and Duane Kuang will step back, The Information reported.
