Analysis
China may support Tesla’s domestic testing and demonstration of robotaxis.
Saudi staffing company SMASCO looking to raise $240m in IPO
Carsome announces first EBITDA positive quarter in Q1
TikTok, ByteDance file lawsuit against US sale-or-ban law
AI boom set to fuel data centre investments in APAC this year
Indonesian agritech startup Elevarm secures $2.6m and other SE Asia deals
More Stories
CVC-led group to buy 65% stake in Lippo-backed hospital chain Siloam for around $1.6b
Sale process of Malaysia’s Island Hospital by PE firm Affinity draws investors
Jungle Ventures looking to dig into SE Asia’s F&B sector with Yay! Group investment
Malaysia-based PE firm Navis likely to lead funding in CarDekho’s SE Asian entity
Amid PE lull, Bahrain’s Investcorp sees delay in $5b India investment plan
Policy & Regulations
The inspections often involve the seizure and examination of mobile phones and laptops belonging to top executives.
Venture Capital
OPTIX has closed an oversubscribed pre-Series A round led by Primavera Venture Partners.
CICC is planning to reduce its investment banking headcount by at least 10% this year.
The round roped in four strategic investors including CCB Investment and Changshu Jingkai Guofa Fund.
IPOs & Markets
The deal books are already multiple times oversubscribed.
The agreement marks a win for BYD, which has been looking to expand its revenue beyond EV sales under its own brand.
Deals
The upsized senior secured credit facilities will help support the growth of Acclime.
About 20% of the [second] fund will be allocated to the so-called ‘sci-fi longevity tech’.
Earnings and Results
This marks a second consecutive quarter of investment income gain.