Analysis
Parent company Hozon’s mounting debt now totals $1.3b.
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Indonesian F&B startup DailyCo eyes acquisition feast to spur growth
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Peak XV-backed SG startup bets on supercomputers, SPAC comeback
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Thai telecom operator Intouch's merger with Gulf Energy gets shareholder nod
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India, Japan lead Asia Pacific’s ‘hesitant recovery’ in PE dealmaking: Bain & Co report
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Mubadala-backed UAE renewables firm Masdar weighs IPO: report
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IPOs & Markets
Net income also tripled.
Venture Capital
Yuan Longping plans to sell a 34% stake in its wholly-owned subsidiary Derit Seeds to Mitsui & Co.
Deals
The latest model demonstrates significant improvements in areas such as reasoning and coding capabilities.
Shanghai-based AgiBot’s list of shareholders includes HongShan, Hillhouse’s GL Ventures, and EV maker BYD.
He said China’s entrepreneurs showed renewed confidence after meeting President Xi Jinping.
The smartphone giant began manufacturing EVs last year with the launch of the SU7 sedan.
Private Equity
CBC Group is eyeing a final close of $1.4b for the vehicle.
Earnings and Results
For 2024, profit rose 34% to a record 40.3 billion yuan.
EV manufacturer BYD this month raised $5.59 billion in Hong Kong’s largest share sale in four years.
