India
India has emerged as the second busiest market for equity capital market deals after the US.
Funds raised by Indian companies from IPOs surged over 12x to $2.3b in Q1 2024
Gautam Adani's family raises stake in Ambuja Cements for $799m
Cainiao buyback is a sign that Alibaba is taking the threat from Shein and Temu seriously
Weekly Roundup: StealthMole and Elevate Foods raise funds and other SE Asia deals
India's Grasim Industries secures $150m from IFC for paints business
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PH-focused discount grocery chain DALI raises $25m from Venturi Partners
Indonesian digital wallet LinkAja raises funds from Japan’s Mitsui
HSBC launches $1b ASEAN growth debt fund and $150m SG venture debt fund
Competition heats up in last-mile delivery as e-commerce firms raise their logistics game
Stonepeak sees APAC playing a bigger role in global energy transition
Gautam Adani’s family raised its stake to about 67% from 63.15%.
Greater China
Alibaba has decided against listing Cainiao in HK citing a “depressed” share market.
TikTok has in recent weeks taken a harder stance towards enforcing its internal rules as a US ban looms large.
Indonesia
3PL providers are struggling to navigate new competitive dynamics and evolving consumer preferences.
Data show that over the past 90 days, nearly 94% of TikTok users in the US have begun using YouTube.
Philippines
Fund to launch in Q3, China investment welcome despite maritime tensions, says CEO.
With cautious spending, the company hopes to clock adjusted Ebitda of +200b rupiah in 2024.
SpiceJet has over the last few months reached settlements with multiple lessors.
Cainiao had first filed the IPO paperwork to the HKEX in Sept.