India
The company also plans to double its store count in five years.
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People Digest: Moglix appoints new CFO; SG's Finmo names CMO
2
China to raise technical standards for EV batteries to reduce explosion risks
3
India: Ujala Cygnus to buy Amandeep Hospitals; ASG to acquire Prism Eye Institute
4
India Digest: Centre for Teacher Accreditation, Cura Care in funding news
5
Malaysian telco U Mobile to partner with China's Huawei, ZTE for 5G network
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Whatever creative structure is used, value creation must prevail: Gaia Investment Partners
Indonesian agritech startup Semaai said to have closed bridge round
ABC Impact closes Fund II with expanded LP base, including ADB
GXS Bank acquires Validus Group’s SG business to grow SME lending
Indonesia’s Fore Coffee surges 34% on market debut
Singapore
The SE Asian tech companies’ stock declines surpassed that of the US “Magnificent Seven”.
Greater China
Alibaba’s arm will sell 2% of YTO’s total stock via block trades over next three months.
Rest of Asia
Choco Up plans to power asset-light businesses across APAC where it sees a $2t funding gap.
The company has also named Sindhu as its brand ambassador.
The Whole Truth has raised $15 million in its Series C funding round led by Sofina.
The company is in advanced discussions to raise another $25m, ET reported.
Promising startups such as Telio, Ula, and Lummo bite the dust.
Malaysia
The CARSOME Group will hold a 51% stake in CARSOME Capital.
Indonesia
The investors are likely to recover only about a third of their original investments.
