Unicorns
Carsome sold 150,000+ cars in 2023, bringing the total sales since its launch in 2015 to over 500,000.
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
Jollibee founder Tony Tan backs hotel SPAC deal despite lull in IPOs
More Stories
CVC-led group to buy 65% stake in Lippo-backed hospital chain Siloam for around $1.6b
Jungle Ventures looking to dig into SE Asia’s F&B sector with Yay! Group investment
Sale process of Malaysia’s Island Hospital by PE firm Affinity draws investors
Amid PE lull, Bahrain’s Investcorp sees delay in $5b India investment plan
Singapore co-working laboratory provider NSG BioLabs raises $14.5m
Deals
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.
Private Equity
The deal marks Ekuinas’s third investment in the pharmaceutical sector.
The investment is the largest in Microsoft’s 32-year history in Malaysia.
Local media reported that over 100 outlets were temporarily closed.
Venture Capital
Blue Chip founder says $209m fund helps country’s semiconductor industry.
Here’s your weekly recap of the most significant developments in Asian private markets in the week that went by.