Analysis
Higher interest rates dampen listings in region with fewer big-ticket debuts.
1
Ant Group-owned payments firm 2C2P trims losses by 83% in 2023
2
SE Asian IPO fundraising plunges 60% in first half as Indonesia slumps
3
Thai auto sector reels under subsidies for Chinese EV makers
4
Shanghai launches $14b funds to ramp up IC, AI, biomedicine sectors
5
Private equity giant Apollo pumps $700 million into Sony Music
More Stories
L Catterton’s Asia chairman Chinta Bhagat steps down from role
Indosat’s potential sale of submarine cable and fibre assets may attract local bidders
SE Asian startups left thirsting as funding drought persists into Q2
Indonesia’s Volta plans to roll out EV scooters in more SE Asian markets
Grab calls off proposed acquisition of Singapore taxi operator Trans-cab
Unicorns
eFishery is undergoing “structural adjustments”.
Earnings and Results
Bank Jago booked a net profit of $3.07m in Jan-June 2024.
Policy & Regulations
A five-year Golden Visa requires individuals to set up a company worth $2.5m.
Deals
The Indonesian telco is looking to raise $1.5-2b from the sale.
Volta’s parent ESB is eyeing Malaysia, Thailand, and Vietnam.
Jio and MediaTek will team up to make digital dashboards for electric scooters.
The company is expanding into leisure and food delivery, mirroring the strategy of Chinese sister app Douyin.
Capital raised by startups in the region fell 36% YoY in H1 2024.
IPOs & Markets
The cancellation does not impact GoTo’s ongoing share buyback initiatives approved by the shareholders.