World
The law gives ByteDance until Jan 19 to sell TikTok or face a ban.
Indonesia's OJK revokes TaniFund's P2P lending licence
India's Hindalco considering seeking $1.2b in IPO of its US unit Novelis
Shell to sell Singapore refinery, petchem assets to Indonesia's Chandra Asri and Glencore
SG data platform Atlan secures $105m Series C funding led by GIC, Meritech Capital
SEA Digest: VinFast to enter PH; Thai Syn Pitarn nabs funds; Earth VC backs HyLight
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CVC-led group to buy 65% stake in Lippo-backed hospital chain Siloam for around $1.6b
Malaysia-based PE firm Navis likely to lead funding in CarDekho’s SE Asian entity
Japan’s Reazon Capital eyes 8 SE Asia investments this year
Sale process of Malaysia’s Island Hospital by PE firm Affinity draws investors
Indonesian startups Tjufoo, Sinbad announce merger, creation of new holding entity
Singapore
In 2023, the region’s data centre deals hit a record high of $3.5b.
Philippines
Hotel101 plans to combine with a SPAC in the U.S. later this year.
Earlier this year, SoftBank sold its entire stake in BigCommerce, having first invested in the company in 2014.
Greater China
China may support Tesla’s domestic testing and demonstration of robotaxis.
India
“Assets built with strong unit economics and large market potential will get backing,” says Omnivore partner Subhadeep Sanyal.
UK-based firm has raised more than $2b so far from global investors.
CICC is planning to reduce its investment banking headcount by at least 10% this year.
The investment adds to the S$11.5b the company has already invested in APAC till 2023.
The deal could value the data centre business at $750m.