Venture Capital
The HK state investment firm has deployed less than a fifth of its initial capital of $8b.
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HKIC reports nearly $302m investment income in 2024
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Gaw Capital's RMB fund makes first buy in Chengdu mall
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MetaX, Moore Threads launch IPOs as China ramps up chip self-reliance
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Vietnam's gaming industry poised for a boom, but ecosystem gaps persist
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Nexus Venture Partners closes Fund VIII at $700m to back early-stage tech startups
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General Atlantic nears $250m Sociolla deal to provide partial exit to early backers
SG deeptech startup SynaXG bags $20m backed by January Capital, Vertex
Grab-backed GXS Bank cuts 10% staff across Singapore, India
65 Equity-backed UltraGreen.ai debuts on SGX after $400m IPO
Private Equity
The acquisition was made through a pre-REITs fund in which Gaw and GSUM Fund Management are co-GPs.
Analysis
Moore Threads will start trading on Shanghai’s Star Market on Friday.
The round was led by state-owned energy group Beijing Energy Holding.
Deals
HeyMax issued new shares worth $6.7 million last week.
IPOs & Markets
Mainland companies accounted for HK’s top 10 IPOs this year.
The company’s shares will debut on the bourse on Dec. 11.
The company is backed by SoftBank and Goldman Sachs, among others.
HashKey may target a valuation exceeding that of local competitor OSL Group.
The tool will compete with similar AI features introduced by Chinese smartphone makers.