Greater China
Sainsbury’s bought Argos in 2016 for 1.1b pounds.
1
Indonesia's United Tractors acquires J Resources's gold mining unit for $540m
2
LSEG launches blockchain-based platform for private funds
3
Eximius, Gemba Capital lead funding in MyNaksh and other India deals
4
Indian NBFC Muthoot Finance raises $600m through ECB
5
Trump likely to again push deadline on TikTok sale or divestment
More Stories
Amazon leads $52m round in Indonesian quick commerce player
Brookfield in talks to buy Yes! Communities from GIC in $10b deal
Tokyo power company Looop to set up $20m solar plant in Philippines
Indonesia’s Danantara eyes LP role in PE funds to boost returns
KKR divests stake in Sari Roti to Leafgreen Capital, Gateway Partners
Rest of Asia
The company was eyeing a US IPO at more than $3b valuation.
India
Blume Founders Fund, 2am VC, Paramark Ventures, and Aditya Birla Ventures also participated.
CityMall last raised $75m in a Series C round led by Norwest Venture Partners in March 2022.
Philippines
General and administrative expenses plunged.
Singapore
Brazil is Sea’s fastest-growing market outside Asia.
Ant had agreed to buy 50.55% of the HK-listed company for $359.37m.
The funding round valued the company at $200 million.
Sea Ltd’s Shopee became a launch partner for OpenAI’s Operator in Feb.
Swiggy’s total revenue surged 54% to $566.2m in the June quarter.
