Policy & Regulations
Meta announced in December that it was acquiring Manus.
1
Beijing blocks Meta's $2b acquisition of AI startup Manus after security review
2
India's MobiKwik gets RBI approval for NBFC licence
3
General Atlantic-backed Indian insurer Acko seeks up to $2.5b valuation in IPO
4
Chinese battery maker CATL launches $5b Hong Kong share offering
5
SEA Digest: Archipelago VC, Trihill Capital back new startups; Viva Apotek buys Farmaku
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The licence will allow MobiKwik to launch a lending arm, Mobikwik Financial Services.
India
The company is planning to list early next year.
IPOs & Markets
Proceeds will be used for global capacity expansion.
Deals
Archipelago Venture Capital has invested in Philippine biomass energy startup Verta Bioenergy.
The capital will be used to grow its popular multiplayer cricket game, Hitwicket.
Rest of Asia
Shares of Umenoyado Brewery surged 75% on their first day of trading on Friday.
The firm is targeting a base corpus of around $32 million for Fund II.
The stock later recouped some losses to trade down about 3.5%.
Singapore
Existing backer M Venture Partners and several individual backers also participated.
