Analysis
Chinese enterprises quietly implement small-scale layoffs as they seek AI-linked productivity gains.
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China Inc deploys 'quiet' layoffs as Beijing promotes AI adoption
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Australian insurance brokerage Steadfast gets $5.4b buyout offer
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Xpeng boss to head robot unit with humanoid mass production imminent
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Bizlink to buy ICT unit of Blackstone’s Singapore portfolio in $850m deal
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India: Mygate raises $24m funding led by Dharana Capital
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Deals
The consortium has offered A$6 per share.
Xpeng’s first-quarter revenue fell 17.6% year on year.
The PE firm acquired SG-based Interplex from EQT’s BPEA fund for an enterprise value of $1.6b in 2022.
The funds will be deployed to expand Mygate’s presence across gated communities.
India
The round also saw participation from Hitachi Ventures.
Singapore
The round also drew participation from Ehsan Kapital and Gobi Partners.
The IPO had an issue price of 192 rupees and was subscribed 127 times.
World
Samsung said the investment would deepen strategic cooperation between the two firms.
Reliance will build a data centre with 168 MW capacity in Jamnagar, which Meta will lease.
