Analysis
SoftBank has become one of the biggest backers of OpenAI.
1
SoftBank's Q1 earnings to put AI funding plans to test
2
Indonesia’s Waresix raises $27.4m from existing backers, filings show
3
HSBC beats H1 profit estimates, resumes $1b buyback
4
Shein eyes up to $40b valuation in August Hong Kong IPO
5
SEA Digest: McEasy bags funding; Eftsure forays into Singapore
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Deals
The capital was raised from existing investors including Granite Asia, Jungle Ventures, and East Ventures.
Earnings and Results
It posted a pretax profit of $19.5 billion for the first six months of this year.
IPOs & Markets
The deal could be launched in mid-to-late this month.
Integra Partners led the equity portion of the round, while InnoVen Capital provided venture debt.
Singapore
Sqreem’s total paid-up capital since inception now stands at $50.6m.
Wealth managers are rethinking how to construct portfolios amid heightened volatility.
Grab booked a $307m one-off gain in Q2 after it began consolidating Superbank.
China’s BYD gains market share; Vietnam draws level with Thailand on VinFast sales.
India
The VC firm recently hit first close of its third fund, securing $40m commitments.
