Earnings and Results
The firm derives most of its revenue from its transport vertical, which forms nearly 86% of the total and grew 22.1%.
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India's Delhivery posts quarterly profit on strong express parcel growth
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Foxconn working on a new tie-up with OpenAI, says there is no AI bubble
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SoftBank-backed OPay raises $304m in US IPO
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Temasek-owned Mapletree eyes Singapore IPO in 2027: report
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ID Digest: Finfra secures ADB Ventures investment; Akulaku restructures ops
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Analysis
Any deal would build upon last year’s agreement between the two firms to work together.
IPOs & Markets
SoftBank entities owned a 6.6% stake in OPay before the offering.
Talks over a possible merger with CapitaLand Investment have collapsed.
Deals
The move is part of Akulaku Group’s efforts to reorganise its financial services entities in Indonesia.
Rest of Asia
The 2025-vintage fund has deployed $338 million, according to TPG’s earnings release.
Greater China
The existing team will retain the remaining equity and continue to oversee day-to-day operations.
World
Results from Amazon, Intel, Meta and others show how the infra race is straining the industry.
Cryptocurrency prices fell on the news.
India
For Singapore state investors, the coming listing cycle could provide more than exit proceeds.
