Analysis
A roundup of the week’s news breaks, funding updates, interviews and more.
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Editor's Take: The Week That Was—Oct 19-24
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SoftBank-backed OPay eyes up to $4.4b US IPO valuation
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Malaysia's SkyeChip joins SoftBank-backed Japanese project to develop memory for AI
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Fast-fashion group Shein agrees to settle US FTC probe for $100m
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Mental health firm Amaha raising capital to expand hospital, clinic network
More Stories
HKEX launches new indexes for AI and semiconductor companies
Beyond the Buyout: Asia’s data centre boom faces growth pangs
Hillhouse offers to take Japanese IT firm Circlace private
IPOs & Markets
OPay operates in Indonesia, Egypt and Pakistan.
The technology is being developed for data centres used to train and run large AI models.
Policy & Regulations
The settlement is equivalent to 44% of Shein’s Q2 profit.
Deals
The fundraise will include a mix of equity and debt.
Greater China
The HKEX Artificial Intelligence Index tracks 40 companies.
The approval comes as China has vowed to continue to open up its domestic financial markets to international companies.
The offer price of HK$2.16 per H-share represents an 80% premium to their October 2 closing price.
India
Tata Sons is grappling with internal divisions over whether it should list.
The stock listed at Rs 159.25 on the National Stock Exchange of India.
