Private Equity
GIC will buy about half of Works Human’s shares.
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
Deals
The intra-group transaction will have no impact on the Japanese tech investor’s group earnings.
Policy & Regulations
Conditions include sharing excess profit with the US government.
Maqsad issued preference shares this week to investors that backed its seed and pre-seed rounds.
IPOs & Markets
Despite being the top region globally, the number of IPOs in APAC declined by 6%.
QatarEnergy has in recent years picked up exploration blocks through deals with top Western companies.
The ASEAN Frontier Markets Fund achieved a $50m first close in February.
Before the transaction, 3D had been Toshiba’s second-largest shareholder with an over 7% stake.
Analysis
TikTok has grown its APAC subscribers by 3.8x since 2019 as the result of a cash-burning expansion spree.
The deal could value the business at around $1.36b.
