In China, the STAR Market has plunged roughly 25% from its July 1 peak, wiping out over 590.32 billion of market value.
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Institutional demand for CXMT's $8.6b IPO in Shanghai dented by chip stock selloff
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China's DeepSeek seeks funding at $74b valuation ahead of onshore IPO
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India: Skyroot launches Vikram-1 in first private orbital rocket mission
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Editor's take: The week that was — July 13-18
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SG fintech startup PILLAR eyes Series A funding for Middle East expansion
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Vietnam retailer Dien May Xanh eyes HoSE listing at $3.9b market cap
Vietnamese coffee chain Every Half bags $8m from Openspace, DSG
Anytime Fitness’s Asia owner said to target up to $450m in potential sale
Indonesia’s JULO raises fresh capital from existing investors
Deals
The proposed fundraising follows a $7.4b June round that valued the AI startup at about 450 billion yuan.
Founded in 2018, Skyroot is backed by a slew of global investors.
Analysis
SE Asia monthly startup funding scorecard, LP-GP updates, deal scoops and more in this edition.
It recently closed a small funding round from a Middle East-based angel association.
World
“We will, during Q3, launch an Asia-focused fund on the private capital side.”
Rest of Asia
Activists are suspected of working with PE funds to take listed companies private.
The deal is the largest leveraged buyout in history.
Greater China
CXMT’s IPO “is sucking in too much money, and investors are voting with their feet”.
The company makes optical modules used in AI data centres.
