Policy & Regulations
INA names Andry Setiawan and Christopher Ganis as new chief investment officers.
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ID Digest: Danantara invites Temasek to collaborate; INA appoints new CIOs
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Data Vantage: NewCampus, Believe, and Green Rebel in focus
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US trade war prompts Chinese businesses to focus on SE Asia
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KKR to acquire Australian independent power producer Zenith Energy
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Advent making second attempt at Asia fund, looks to raise $3b: report
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Deals
NewCampus secured $3.3m in capital by allotting shares to a mix of institutional and individual investors.
Analysis
The trend is also triggering a regional backlash over influx of Chinese goods.
Private Equity
KKR will buy the firm from a consortium that includes Pacific Equity Partners.
Its first Asia fund was a $560m Japan vehicle that was wound down.
Rest of Asia
SoftBank is offering to sell 21.5 million shares for $224-228 each.
Indonesia
MDI is exploring sectors like cybersecurity and AI—areas its parent Telkom calls ‘new play’.
India
Rapido has found an entry wedge in restaurateurs’ discontent with Zomato and Swiggy.
Singapore
AC Ventures anchored Shiok Burger’s pre-Series A round.
Vietnam
Vietnam has been organising meetings to boost the supply of locally manufactured parts.