Analysis
Sales and marketing costs surged 64.5% to hold off fast-growing rivals.
1
Sea Ltd learns to spend smarter as SE Asia's e-commerce war heats up
2
Mitsubishi-backed PE weighs exit from SG logistics firm BHS Kinetic
3
AI startup Manus to restart independent operations as Meta deal unwinds
4
Temasek, Nvidia, others back xAI co-founder's startup River AI in $1.1b round
5
Nvidia inks MoUs with six Wall Street giants to raise $500b for AI buildout
More Stories
Weak minority exits push Asia PE towards buyouts, says Federated Hermes
Google Ventures invests in Singapore startup Engine Biosciences
China Deal Review: July funding hits 28-month high on 26 megadeals
India: AUM Ventures makes first close of second deeptech fund at $24m
Gaming won’t define our future despite revenue dominance: Bukalapak
Private Equity
AIGF invested an undisclosed amount in BHS Kinetic in January 2022.
Deals
Affected users will be notified through the Manus app.
The fundraise was led by General Catalyst and AMP PBC.
Nvidia has partnered with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR.
Indonesia
Bybit plans to launch derivatives, tokenised stocks, futures, Shariah account and payment products.
Singapore
Revenue surged 48.1% to $7.79 billion, while gross profit climbed 47.3% to $3.55 billion.
Rest of Asia
The sale is expected to help Lotte Group secure liquidity to improve financial health and expand hotel business.
The projects are being developed in Cikarang, Greater Jakarta.
India
The investment marks Ayati’s first institutional funding.
