Vietnam
VinFast raised $510m, while Vincom Retail secured commitments for $240m.
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India's top think tank recommends easing investment rules for Chinese firms
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India to issue climate risk disclosure rules for banks soon
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Chinese automakers should pursue 'rational competition' in EV industry
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Reliance buys home appliances maker Kelvinator from Sweden's Electrolux
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SG Digest: Gordian Capital eyes Dubai expansion; TreeDots shuts Malaysia unit
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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.
