IPOs & Markets
The company is aiming to complete the IPO by early 2024.
Analysis
In the past three months, over 30 Chinese entities said they are developing their own large language models.
Deals
NestAway counted Sequoia, Goldman Sachs, Tiger Global among its investors.
Q & A
Once valued at $220m, NestAway being sold to Aurum PropTech for $11m
India's Tata Group signs $1.6b EV battery plant deal
Money is no object as investors swept by AI frenzy in China
More Stories
Vietnamese EV maker VinFast withdraws US IPO after SPAC merger
Indonesian movie chain Cinema XXI operator eyes up to $300m in IPO
SE Asian tech giant Sea disbands investment arm
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Singapore
Last year, it pledged $50 million to Singapore-based Crescent Point Group’s third fund.
Greater China
PSG, which is in the market to raise a $6.5 billion fund, plans to tap growth-stage deals.
World
The round was anchored by PE firm Indigo Partners.
The round has been led by Hong Kong-listed China Life Insurance’s PE arm.
Malaysia
The Bayo Pay deal marks VentureTECH SBI’s maiden investment.
In 2022, Fortune Capital made over 70 investments - in 70% of that, it served as the lead investor.
Insider has now raised $274 million in external funding.
Indonesia
India
It would have an initial manufacturing capacity of 20 Gigawatt hours (GWh).
Rest of Asia
The oncology services provider entered bankruptcy with $1.7 billion in debt.
Hong Kong's new regulations will allow retail trading as soon as the second half of 2023.
Allocations to Greater China fell to 23% in 2022, from 40% in 2021.
OpenAI CEO Sam Altman in April met with PM Fumio Kishida and announced a plan to expand services in Japan.
Lenders can now sell the term B loan securities.
The firm had received an in-principle approval for its DPT services from MAS in June last year.
Puneet Chandok had taken the helm of Amazon Web Services in June 2019.