Greater China
Alibaba’s arm will sell 2% of YTO’s total stock via block trades over next three months.
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Nvidia-backed CoreWeave targets $26b valuation in AI IPO test
2
PDD Holdings' revenues hit by intense China competition, challenges abroad
3
Allianz, Jio Financial said to have reached initial deal for India insurance biz
4
Cryptocurrency exchange Kraken to acquire NinjaTrader for $1.5b
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EQT-led consortium completes acquisition of Nord Anglia Education
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SME financing platform Validus to discontinue lending services in Vietnam
GoTo Financial may be spun off in potential Grab-GoTo merger
Singapore’s Meet Capital launches $10m maiden fund to invest in SE Asian startups
Global LPs step in as SE Asia’s deep tech funding moves beyond local investors
Funding Societies secures investment from Gobi Partners and other SE Asia deals
Rest of Asia
Choco Up plans to power asset-light businesses across APAC where it sees a $2t funding gap.
India
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.
Eternal would comprise Zomato (food delivery), Blinkit (quick-commerce), District (live events) and Hyperpure (kitchen supplies).
Consolidated loss widened 39% to $91m in the Dec quarter.
