The landmark “Chips and Science” law provides $52.7b for US chip production and R&D.
Malaysian wealthtech firm Versa aims for profitability by 2027, says GTV to double every year
Asia PE-VC Summit 2023: The Middle East is in a position to spur investments in Asia
TikTok's rise in Southeast Asia spells trouble for US rival Snapchat
US readies rules to prevent China from cashing in on $52b chip funding
PE giant KKR asks Telecom Italia to extend deadline for grid bid
Singapore’s Growtheum Capital closes debut fund at $567m, a tad below target
Hit by China-US tensions, GGV Capital to spin off Singapore-based Asia business
Vietnamese unicorn VNG defers US IPO to April next year
Indonesia consortium invests $1.3b in new capital
TikTok’s rise in Southeast Asia spells trouble for US rival Snapchat
VNG had officially filed for the IPO last month.
The share price fall casts doubts on whether a hoped-for revival in IPOs will materialise.
US deliveries have remained low after a bleak launch into the market.
Europe could become VinFast’s biggest overseas market this year.
Manipal Health reportedly bought the controlling stake for about $276.5 million
The Japanese fund has invested in 27 companies in the country so far.
Sources indicated the company was struggling with cash management.
The Series A funding round was led by Peak XV Partners and Elevation Capital.
Rest of Asia
JIP gained 78.65% of Toshiba through the tender offer.