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Malaysian wealthtech firm Versa aims for profitability by 2027, says GTV to double every year

Venture Capital

Malaysian wealthtech firm Versa aims for profitability by 2027, says GTV to double every year

The Hibiscus Fund-backed firm plans to launch new products and double down on marketing.

Asia PE-VC Summit 2023: The Middle East is in a position to spur investments in Asia

Asia PE-VC Summit 2023

Asia PE-VC Summit 2023: The Middle East is in a position to spur investments in Asia

US-China tensions have put the Middle East in a “block-less” and “balanced” position.

TikTok's rise in Southeast Asia spells trouble for US rival Snapchat

TikTok's rise in Southeast Asia spells trouble for US rival Snapchat

The American social app taps e-commerce despite potential Indonesia headwinds.

HK-based DL Holdings to up the ante on real estate, says CEO Andy Chen

HK-based DL Holdings to up the ante on real estate, says CEO Andy Chen

Bold cash burn helps TikTok nearly triple 2022 revenue in Asia but losses widen

Bold cash burn helps TikTok nearly triple 2022 revenue in Asia but losses widen

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Private Equity

HK-based DL Holdings to up the ante on real estate, says CEO Andy Chen

HK-based DL Holdings to up the ante on real estate, says CEO Andy Chen

The company aims to grow its real estate AUM to $500m by 2024.

Toshiba set to go private as $14b takeover bid by JIP succeeds

Toshiba set to go private as $14b takeover bid by JIP succeeds

The deal puts the 148-year-old electronics-to-power stations maker in domestic hands.

India: Creaegis hits final close of maiden fund at $425m

India: Creaegis hits final close of maiden fund at $425m

The PE firm plans to build a portfolio of about 12-15 companies.

Venture Capital

Malaysian wealthtech firm Versa aims for profitability by 2027, says GTV to double every year

Malaysian wealthtech firm Versa aims for profitability by 2027, says GTV to double every year

The Hibiscus Fund-backed firm plans to launch new products and double down on marketing.

Hit by China-US tensions, GGV Capital to spin off Singapore-based Asia business

Hit by China-US tensions, GGV Capital to spin off Singapore-based Asia business

The spilt is expected to finalise by March 31, 2024.

Malaysian pension fund KWAP launches $107m vehicle to invest in startups, VCs

Malaysian pension fund KWAP launches $107m vehicle to invest in startups, VCs

The fund will allocate RM250 million, or 50% of the corpus, for direct investments into startups

Q & A

'Investors haven't completely pulled out of China, they may have adjusted commitments'

'Investors haven't completely pulled out of China, they may have adjusted commitments'

Dubai-based Nuwa Capital closes $100m debut fund, eyes footprint in SE Asia

Dubai-based Nuwa Capital closes $100m debut fund, eyes footprint in SE Asia

CDH Investments bets on clear entry criteria, exit timelines to generate consistent returns

CDH Investments bets on clear entry criteria, exit timelines to generate consistent returns

Capital market investors want exposure to SE Asia, says Nasdaq VP Bob McCooey

Capital market investors want exposure to SE Asia, says Nasdaq VP Bob McCooey

Deals

PE giant KKR asks Telecom Italia to extend deadline for grid bid

PE giant KKR asks Telecom Italia to extend deadline for grid bid

The fund manager has asked that the deadline be shifted to Oct 15 from Sept 30.

Abler Nordic leads $10m funding in Ergos and other India deals

Abler Nordic leads $10m funding in Ergos and other India deals

Existing investors Aavishkaar Capital, Chiratae Ventures & Trifecta Venture Debt Fund also participated.

IFC to invest $91m in Indian retailer Aditya Birla Fashion

IFC to invest $91m in Indian retailer Aditya Birla Fashion

The investment will help the Pantaloons owner fund its acquisition of clothing brand TCNS.

Analysis

TikTok's rise in Southeast Asia spells trouble for US rival Snapchat

TikTok's rise in Southeast Asia spells trouble for US rival Snapchat

The American social app taps e-commerce despite potential Indonesia headwinds.

Refrigerated trucks may give Singapore startup edge into China EV market

Refrigerated trucks may give Singapore startup edge into China EV market

A viable cold storage EV could be a lucrative niche for Singauto in the Chinese EV market.

Bold cash burn helps TikTok nearly triple 2022 revenue in Asia but losses widen

Bold cash burn helps TikTok nearly triple 2022 revenue in Asia but losses widen

TikTok's e-commerce division's revenue rose to $180m in 2022, from $1.8m in 2021.

Opinion

Guest Post: Can Indonesia lead the world in EV motorcycle manufacturing?

Guest Post: Can Indonesia lead the world in EV motorcycle manufacturing?

Investing in China isn't for everyone but offers rich pickings for cheap

Investing in China isn't for everyone but offers rich pickings for cheap

Vantage Point: Key takeaways from Q2 earnings of Bukalapak, BliBli, and Bank Jago

Vantage Point: Key takeaways from Q2 earnings of Bukalapak, BliBli, and Bank Jago

Vantage Point: Astra International bets big on healthtech with Halodoc

Vantage Point: Astra International bets big on healthtech with Halodoc

Policy and Regulations

US readies rules to prevent China from cashing in on $52b chip funding

US readies rules to prevent China from cashing in on $52b chip funding

The landmark “Chips and Science” law provides $52.7b for US chip production and R&D.

India's Go First says airline's revival could be derailed by lessors' demands

India's Go First says airline's revival could be derailed by lessors' demands

Foreign lessors have been locked in a legal tussle to repossess their aircraft.

Indonesia consortium invests $1.3b in new capital

Indonesia consortium invests $1.3b in new capital

The consortium includes energy firm Adaro and conglomerate Astra International.