Greater China
Sainsbury’s bought Argos in 2016 for 1.1b pounds.
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IFC investment in Trifecta’s latest fund signals growing DFI focus on venture debt
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Temasek’s capital injection into GenZero and other updates
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Asia Digest: VinFast Philippines partners with BDO; AlphaMove signs Guangxi blockchain deal
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NUS shortlisting buyers for secondhand fund stakes
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Geopolitics, unproven exits and localisation hurdles test Chinese GPs’ global push
More Stories
BlackRock adds 20 top executives to global executive committee: report
Singapore’s Silicon Box eyes $150m to expand semiconductor packaging capacity
Grab-GoTo merger talks called off once again
Clime Capital launches technical facility to back clean energy projects in SE Asia
SoftBank-backed unicorn Carro raises $60m from Cool Japan Fund
Rest of Asia
The company was eyeing a US IPO at more than $3b valuation.
India
Blume Founders Fund, 2am VC, Paramark Ventures, and Aditya Birla Ventures also participated.
CityMall last raised $75m in a Series C round led by Norwest Venture Partners in March 2022.
Philippines
General and administrative expenses plunged.
Singapore
Brazil is Sea’s fastest-growing market outside Asia.
Ant had agreed to buy 50.55% of the HK-listed company for $359.37m.
The funding round valued the company at $200 million.
Sea Ltd’s Shopee became a launch partner for OpenAI’s Operator in Feb.
Swiggy’s total revenue surged 54% to $566.2m in the June quarter.
