This edition features the monthly startup fundraising review and trends from India and Greater China.
Editor's take: The week that was — Dec 4-9
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Greentech has taken a giant leap in uncertain times, says LeapFrog partner Nakul Zaveri
Europe agrees to landmark AI rules in bid to lead global race
Philippine fintech startups and old players jockey for digital banking
Warburg Pincus president appointed chairman of US-ASEAN Business Council
GoTo confirms it is in talks with TikTok over a potential e-commerce partnership
Saudi’s optimism in Hong Kong signals deepening China-Gulf investment ties
PIF governor says HK holds the advantage of being a springboard to access mainland China and rest of Asia.
Tencent has not revealed a launch date for Last Sentinel.
IPOs & Markets
The dealings in the H-shares are expected to start on Dec. 18.
There were six megadeals in the month, of which three were from the EV sector.
Geopolitical tensions have become an obstacle to global AI development, industry leaders said.
With this investment, Jada will become an anchor LP in the fund.
US-based VC firm Bessemer Venture Partners led the round.
As of last month, Temu accounted for nearly 17% of market share in the US.
The commitments are for StepStone VC Secondaries Fund VI and The Resolute Fund VI.