Policy & Regulations
The landmark “Chips and Science” law provides $52.7b for US chip production and R&D.
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
The fund manager has asked that the deadline be shifted to Oct 15 from Sept 30.
The spilt is expected to finalise by March 31, 2024.
IPOs & Markets
The share price fall casts doubts on whether a hoped-for revival in IPOs will materialise.
Europe could become VinFast’s biggest overseas market this year.
Funds will have to keep 80% of their assets in the kind of investments suggested by their names.
It may still be a tough time for offerings given high interest rates.
The company plans to sell its activities in Singapore, Malaysia, the Philippines and Thailand.
London-based HSBC would also invest $100m in Breakthrough Energy Catalyst.
Vintage IX garnered almost 38% more than its predecessor fund.