Private Credit
The Indonesian venture debt firm is expanding its mandate.
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India's TCS ropes in OpenAI as first customer for data centre business
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Atlan’s losses widen despite revenue surge and other updates
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Saudi AI firm Humain says it invested $3b in xAI prior to SpaceX acquisition
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Vietnam data centres draw private capital, but structural bottlenecks remain
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China’s tech giants turn Lunar New Year into a battle for AI dominance
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Saudi’s PIF dissolves stake in videogame publisher Take-Two Interactive
Indonesian medical devices maker Oneject draws investor interest for minority stake
Jollibee to buy Korea’s All Day Fresh for about $87m
Qverse launches private credit strategy, eyes Singapore expansion
Deals
The new investment priced Aonic’s shares 6x higher compared with its 2022 fundraising.
Analysis
Singapore Budget, China startup fundraising, earning reports, and more in this weekly wrap.
People
Chief financial officer Eddy Porwanto has been appointed acting CEO.
Moladin had recently raised $18.6m from existing and new backers.
Private Equity
A parent-level investment will mark a departure from the PE firm’s earlier strategy with the group.
Indonesia alone reached $13.1b, making it the platform’s second-largest market globally.
Policy & Regulations
It plans to publish the list of shareholder concentrations by end of Feb or early March.
IPOs & Markets
Stocks in Indonesia have lost about $120 billion in market value since MSCI’s warning.
To support the vision, Living Lab Ventures has launched a dedicated healthcare fund.