The American social app taps e-commerce despite potential Indonesia headwinds.
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
US readies rules to prevent China from cashing in on $52b chip funding
PE giant KKR asks Telecom Italia to extend deadline for grid bid
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
Indonesia consortium invests $1.3b in new capital
TikTok’s rise in Southeast Asia spells trouble for US rival Snapchat
Policy & Regulations
The landmark “Chips and Science” law provides $52.7b for US chip production and R&D.
A viable cold storage EV could be a lucrative niche for Singauto in the Chinese EV market.
IPOs & Markets
Beijing Fourth Paradigm and Tuhu Car also priced at the bottom of their marketing range.
The company aims to grow its real estate AUM to $500m by 2024.
The phone will only be sold in China for now and deliveries will start from Sept. 28.
Canton Biologics previously acquired Berlin-based biotech Glycotope.
Quant funds in China exceeded $148b at the end of 2021, nearly doubling in size from a year earlier.
BYD relies on patents, Tesla bets on production advances that are difficult to imitate.
London-based HSBC would also invest $100m in Breakthrough Energy Catalyst.