Greater China
Pilot PE real estate funds will be allowed to invest in residential property, including unfinished projects.
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
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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
Bukalapak posts $130m profit in 2022, thanks to a strong first quarter
Vietnam’s Vingroup in talks with investors to sell stake in shopping mall arm
Indonesia
The company is backed by AC Ventures, Ephesus United, Teja Ventures, SGInnovate, and Partech.
Filings show that losses surged nearly 65% even as revenues jumped by 72% in 2022.
The group is also planning to monetise non-strategic assets in its portfolio.
Market confidence is returning after the PCAOB gained the right to inspect the books of US-listed Chinese firms.
Alibaba began laying the groundwork for the restructuring over the past few years, he said.
Net profit in 2022 was mostly driven by investment gains and finance income.
The number of fintech players in the archipelago grew to 334 in 2022 from only 51 in 2011.
Pantheon Lab will use the fresh capital to expand its scale as well as ramp up R&D.
Mainland China computer, communications equipment and media indexes have surged between 29% and 35% this year.