Deals
Maqsad issued preference shares this week to investors that backed its seed and pre-seed rounds.
China's JD.com to spin off industrial, property units in Hong Kong listing
Asiantrust Capital halves target for hybrid fund, set to close it this year
SG-based True Global Ventures invests over $24m in French crypto firm Ledger
How China's PE funds will help revive its distressed property market
Alibaba's logistics unit gears up for Hong Kong IPO this year
More Stories
Temasek-backed Indian jobs platform GoodWorker lays off nearly 90% staff
PH salary-on-demand startup Advance raises $16m, acquires Vietnam’s BravoHR
Canadian pension fund OMERS names Ashish Goyal as new APAC head
Vietnam’s Vingroup in talks with investors to sell stake in shopping mall arm
Bukalapak posts $130m profit in 2022, thanks to a strong first quarter
Venture Capital
The round includes a $10m debt deal with Lendable.
Policy & Regulations
Land Bank of the Philippines and the Development Bank of the Philippines to merge.
Analysis
Alpha JWC and East Ventures were among the first-time investors.
The reverberations of the collapse of Silicon Valley Bank continued to be felt this week.
Private Equity
PLDT is also set to acquire Sky Cable’s broadband business for about $123m.
The holding firm plans to go public this year after postponing a planned IPO last Oct.
The proposed law seeking to establish the fund drew controversy as soon as it was filed late last year.
Female founders bagged 12.6% of all private capital raised during the year.
PE firms Creador and Navegar had earlier invested in the company’s Series C round.