Vietnam
VinFast raised $510m, while Vincom Retail secured commitments for $240m.
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Uber, Baidu team up to launch self-driving taxis in global markets
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No revenue, no product but AI startup Thinking Machines valued at $12b
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Trump announces trade deal with Indonesia
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Foundation PE, Quadria GP back Indian home healthcare provider HCAH
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Vietnam Digest: Binance launches blockchain initiative; Net Zero Challenge 2025 kicks off
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Fake projects, shell vendors: How CROWDE allegedly funnelled $50m in loans
Vietnam’s CMC Corp to build $250m hyperscale data centre
Actis sees growing energy, digital infra opportunities in Asia
Indonesian e-commerce platforms will have to collect tax on sellers
GIC joins Partners Group-led consortium to acquire Germany’s Techem
Rest of Asia
Riyad Capital anchored the financing that valued Ninja at $1.5b.
India
The latest fundraise brought Jumbotail’s total capital raised to $263 million.
Lightspeed is now the top shareholder in the B2B firm.
The service is currently live only in the national capital region and Bengaluru.
Indonesia
Alleged fraud estimated to have caused losses of around $2.4m.
Greater China
In China, consumer confidence has been hit by the property crisis and wage growth concerns.
The round also included investments from Gemba Capital and Titan Capital.
Flipkart is the first large e-commerce player in India to secure an NBFC licence.
With China’s ByteDance-owned TikTok still facing a ban in the US, RedNote is seen as an alternative.
