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Malaysian wealthtech firm Versa aims for profitability by 2027, says GTV to double every year

Venture Capital

Malaysian wealthtech firm Versa aims for profitability by 2027, says GTV to double every year

The Hibiscus Fund-backed firm plans to launch new products and double down on marketing.

Asia PE-VC Summit 2023: The Middle East is in a position to spur investments in Asia

Asia PE-VC Summit 2023

Asia PE-VC Summit 2023: The Middle East is in a position to spur investments in Asia

US-China tensions have put the Middle East in a “block-less” and “balanced” position.

TikTok's rise in Southeast Asia spells trouble for US rival Snapchat

Analysis

TikTok's rise in Southeast Asia spells trouble for US rival Snapchat

The American social app taps e-commerce despite potential Indonesia headwinds.

HK-based DL Holdings to up the ante on real estate, says CEO Andy Chen

Private Equity

HK-based DL Holdings to up the ante on real estate, says CEO Andy Chen

Bold cash burn helps TikTok nearly triple 2022 revenue in Asia but losses widen

Analysis

Bold cash burn helps TikTok nearly triple 2022 revenue in Asia but losses widen

Just InTrending

Malaysian wealthtech firm Versa aims for profitability by 2027, says GTV to double every year

Asia PE-VC Summit 2023: The Middle East is in a position to spur investments in Asia

TikTok's rise in Southeast Asia spells trouble for US rival Snapchat

More Stories

Singapore’s Growtheum Capital closes debut fund at $567m, a tad below target

Hit by China-US tensions, GGV Capital to spin off Singapore-based Asia business

Vietnamese unicorn VNG defers US IPO to April next year

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Private Equity

HK-based DL Holdings to up the ante on real estate, says CEO Andy Chen

Greater China

HK-based DL Holdings to up the ante on real estate, says CEO Andy Chen

The company aims to grow its real estate AUM to $500m by 2024.

Toshiba set to go private as $14b takeover bid by JIP succeeds

Rest of Asia

Toshiba set to go private as $14b takeover bid by JIP succeeds

The deal puts the 148-year-old electronics-to-power stations maker in domestic hands.

India: Creaegis hits final close of maiden fund at $425m

India

India: Creaegis hits final close of maiden fund at $425m

The PE firm plans to build a portfolio of about 12-15 companies.

Venture Capital

Malaysian wealthtech firm Versa aims for profitability by 2027, says GTV to double every year

Malaysia

Malaysian wealthtech firm Versa aims for profitability by 2027, says GTV to double every year

The Hibiscus Fund-backed firm plans to launch new products and double down on marketing.

Hit by China-US tensions, GGV Capital to spin off Singapore-based Asia business

World

Hit by China-US tensions, GGV Capital to spin off Singapore-based Asia business

The spilt is expected to finalise by March 31, 2024.

Malaysian pension fund KWAP launches $107m vehicle to invest in startups, VCs

Malaysia

Malaysian pension fund KWAP launches $107m vehicle to invest in startups, VCs

The fund will allocate RM250 million, or 50% of the corpus, for direct investments into startups

Unicorns
EV maker VinFast begins hiring drive in India, seeks 'daring' applicants

India

EV maker VinFast begins hiring drive in India, seeks 'daring' applicants

The company is seeking to fill sales, legal, and back office jobs in India.

Malaysia

Malaysia's Carsome looking for new funding from strategic investors, says Group CEO

India

BYJU's may sell Epic, Great Learning to repay entire $1.2b loan in six months

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Q & A

'Investors haven't completely pulled out of China, they may have adjusted commitments'

Greater China

'Investors haven't completely pulled out of China, they may have adjusted commitments'

Dubai-based Nuwa Capital closes $100m debut fund, eyes footprint in SE Asia

Singapore

Dubai-based Nuwa Capital closes $100m debut fund, eyes footprint in SE Asia

CDH Investments bets on clear entry criteria, exit timelines to generate consistent returns

Singapore

CDH Investments bets on clear entry criteria, exit timelines to generate consistent returns

Capital market investors want exposure to SE Asia, says Nasdaq VP Bob McCooey

World

Capital market investors want exposure to SE Asia, says Nasdaq VP Bob McCooey

Deals

PE giant KKR asks Telecom Italia to extend deadline for grid bid

World

PE giant KKR asks Telecom Italia to extend deadline for grid bid

The fund manager has asked that the deadline be shifted to Oct 15 from Sept 30.

Abler Nordic leads $10m funding in Ergos and other India deals

India

Abler Nordic leads $10m funding in Ergos and other India deals

Existing investors Aavishkaar Capital, Chiratae Ventures & Trifecta Venture Debt Fund also participated.

IFC to invest $91m in Indian retailer Aditya Birla Fashion

India

IFC to invest $91m in Indian retailer Aditya Birla Fashion

The investment will help the Pantaloons owner fund its acquisition of clothing brand TCNS.

Analysis

TikTok's rise in Southeast Asia spells trouble for US rival Snapchat

Greater China

TikTok's rise in Southeast Asia spells trouble for US rival Snapchat

The American social app taps e-commerce despite potential Indonesia headwinds.

Refrigerated trucks may give Singapore startup edge into China EV market

Greater China

Refrigerated trucks may give Singapore startup edge into China EV market

A viable cold storage EV could be a lucrative niche for Singauto in the Chinese EV market.

Bold cash burn helps TikTok nearly triple 2022 revenue in Asia but losses widen

Singapore

Bold cash burn helps TikTok nearly triple 2022 revenue in Asia but losses widen

TikTok's e-commerce division's revenue rose to $180m in 2022, from $1.8m in 2021.

IPOs and Markets
Vietnamese unicorn VNG defers US IPO to April next year

Vietnam

Vietnamese unicorn VNG defers US IPO to April next year

VNG had officially filed for the IPO last month.

Greater China

China's Neusoft Xikang becomes third Hong Kong IPO this week to price shares at low end

World

Short sellers bet against Arm as shares dip below IPO price

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Opinion

Guest Post: Can Indonesia lead the world in EV motorcycle manufacturing?

Indonesia

Guest Post: Can Indonesia lead the world in EV motorcycle manufacturing?

Investing in China isn't for everyone but offers rich pickings for cheap

Greater China

Investing in China isn't for everyone but offers rich pickings for cheap

Vantage Point: Key takeaways from Q2 earnings of Bukalapak, BliBli, and Bank Jago

Indonesia

Vantage Point: Key takeaways from Q2 earnings of Bukalapak, BliBli, and Bank Jago

Vantage Point: Astra International bets big on healthtech with Halodoc

Indonesia

Vantage Point: Astra International bets big on healthtech with Halodoc

Policy and Regulations

US readies rules to prevent China from cashing in on $52b chip funding

Greater China

US readies rules to prevent China from cashing in on $52b chip funding

The landmark “Chips and Science” law provides $52.7b for US chip production and R&D.

India's Go First says airline's revival could be derailed by lessors' demands

India

India's Go First says airline's revival could be derailed by lessors' demands

Foreign lessors have been locked in a legal tussle to repossess their aircraft.

Indonesia consortium invests $1.3b in new capital

Indonesia

Indonesia consortium invests $1.3b in new capital

The consortium includes energy firm Adaro and conglomerate Astra International.

People
Wipro's Jatin Dalal quits as CFO, replaced by 20-year veteran Aparna Iyer

India

Wipro's Jatin Dalal quits as CFO, replaced by 20-year veteran Aparna Iyer

Iyer will take over as CFO on Sept. 22.

India

People Digest: BYJU'S names Arjun Mohan as CEO in India; TPG appoints managing partner to lead Middle East expansion

Greater China

Hillhouse beefs up private credit team with key senior hires

More Stories

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