Deals
Spirit AI’s robots have achieved a 90% success rate for simple tasks in structured living-room environments.
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Chinese 'robot brain' startup eyes GPT 3.0 as soon as next year
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China's RoboTechnik to launch $800m Hong Kong listing on Sept 21
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GCash owner Mynt gets Philippine bourse operator's nod for up to $1.47b IPO
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Ultrajaya plans $821m acquisition of Frisian Flag Indonesia
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India Digest: MoroMaa, Factrika, Jar raise funding
More Stories
Grab driver protest exposes Vietnam gig workers’ limited bargaining power
Neuberger raises $460m for first Japan-focused private equity fund
Mitsubishi-backed PE exits PH outsourcing firm KMC Solutions
NUS appoints Abu Dhabi Investment Council veteran Daren Smith as CIO
IPOs & Markets
The company is seeking a second listing in Hong Kong to support its overseas expansion.
It filed its IPO application on June 27 and expects to list in the fourth quarter.
This confirms a DealStreetAsia report that Ultrajaya’s shareholders were in talks with FrieslandCampina.
Aviral Bhatnagar of AJ VC has picked 9% stake in MoroMaa as part of the investment.
Rest of Asia
The predecessor fund closed at $100 million in 2023.
India
Axis Bank is the fourth-largest credit card issuer in India.
Greater China
It will refund all application money, without interest, by September 22.
Vietnam
FTSE estimated the upgrade could attract up to $6 billion into Vietnamese equities.
Singapore
An initial fleet of all-electric Jaguar I-PACE vehicles will arrive in Singapore in the coming months.
