India
Ola has struggled with slowing sales, regulatory pressure and competition since going public.
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UOB Venture Management betting big on Vietnam’s green consumption
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SAEL Solar secures $132m debt from AIIB, NDB and SocGen for Andhra project
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India Digest: Unbound raises funds; KiranaPro buys Likeo
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Japan's Dai-Ichi Life to take 15% stake in British insurer M&G
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India to exempt Saudi fund from foreign portfolio investment rules
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Mizuho Asia eyes stake sale in F&B group Sushi Tei to shareholders
Vietnam proposes raising Oman investment fund to $1b
PAG names Nikhil Srivastava co-head of private equity
Tiger Global in talks to pare down SE Asia holdings
Vietnam’s GELEX Group closes $79m investment from HSBC, SACE, LBBW
Greater China
Revenue rose 18.1% as it targeted cost-conscious Chinese consumers with value-for-money products.
Singapore
Net profit for the year ended March 31 was S$2.47b.
Baidu’s online marketing business revenue fell 6%.
Passenger yields, a proxy for airfares, dropped by 5.5% due to stiff competition.
Chinese shoppers have increasingly become cost-conscious.
Chinese media had reported that the fintech group plans to list Ant International on HKEX.
Net income surged to $410.8m in Jan-March from $237.6m in Q4.
Revenue from music subscriptions grew 16.6% to $586m, while paying users increased 8.3% to 123m.
E-commerce players have resorted to cutting product prices and heavy discounts.
