Greater China
JD.com said it would continue to hold a stake of more than 50% in JD Industrials and JD Property.
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
The logistics unit is currently valued at more than $20b.
Rest of Asia
Despite being the top region globally, the number of IPOs in APAC declined by 6%.
Lalatech turned profitable in 2022 for the first time since its inception.
The company filed its prospectus to sell shares in Shanghai in July 2021, but the process has been slow.
Indonesia
Temasek was looking to sell Advanced MedTech last year at a $1b valuation.
The Shanghai exchange did not provide a reason for the cancellation.
At the previously reported deal size of $2 billion, it would be SE Asia’s biggest IPO so far this year.
This will be the second nickel firm in Indonesia to go public this year after PT Trimegah Bangun Persada.
After the IPO, Harita’s ownership will be reduced to 81.18%.
