Analysis
A roundup of the week’s news breaks, funding updates, interviews and more.
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Editor's Take: The Week That Was—Oct 19-24
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SoftBank-backed OPay eyes up to $4.4b US IPO valuation
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Malaysia's SkyeChip joins SoftBank-backed Japanese project to develop memory for AI
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Fast-fashion group Shein agrees to settle US FTC probe for $100m
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Mental health firm Amaha raising capital to expand hospital, clinic network
More Stories
Editor’s Take: The Week That Was—Oct 19-24
PE fund in talks to invest in SG tuition chain HCL Education
CVC in talks to acquire a stake in Thai soy milk maker Tofusan
Pantheon raises $6b for global PE secondaries fund
Temasek calls claims of pressuring MSCI to downgrade Indonesia ‘patently untrue’
IPOs & Markets
OPay operates in Indonesia, Egypt and Pakistan.
The technology is being developed for data centres used to train and run large AI models.
Policy & Regulations
The settlement is equivalent to 44% of Shein’s Q2 profit.
Deals
The fundraise will include a mix of equity and debt.
Greater China
The HKEX Artificial Intelligence Index tracks 40 companies.
The approval comes as China has vowed to continue to open up its domestic financial markets to international companies.
The offer price of HK$2.16 per H-share represents an 80% premium to their October 2 closing price.
India
Tata Sons is grappling with internal divisions over whether it should list.
The stock listed at Rs 159.25 on the National Stock Exchange of India.
