World
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Amazon-backed Indonesian quick commerce firm Astro eyes fresh funding
Singapore’s Evo Commerce raises $7m via preference shares
ESR appoints Roy Teo to lead SE Asia operations
HK’s IBS proposes $72m acquisition of AI chip designer QuantumCompute
Nihon PMI sees opportunities in Japan’s healthcare succession challenges
OpenAI is racing to secure investor commitments before rival Anthropic’s expected IPO in mid-Nov.
India
The round also saw participation from existing investor Omnivore.
Rest of Asia
SGB is a digital bank licensed and regulated by the Central Bank of Bahrain.
Greater China
The AI unit will work with Hong Kong University of Science and Technology as its anchor academic partner.
Funding value, however, rose 25.3% on a year-on-year basis.
QuantumCompute indirectly holds an approximately 85.94% stake in Shanghai Tianjing Fulian.
US tech stocks have suffered a rout amid growing worries over massive spending on AI.
The proposed fund will target an initial corpus of Rs 750 crore, with a green-shoe option of Rs 500 crore.
Indonesia
The move is part of Akulaku Group’s efforts to reorganise its financial services entities in Indonesia.
