Analysis
Move will pit Flipkart against Accel-backed BookMyShow and Zomato’s District.
1
Flipkart plans foray into India's ticketing market as live events boom: report
2
Chinese regulator fines, confiscates $527m from seven food delivery platforms
3
Partners Group closes over $9b for private equity secondaries programme
4
Prosus to sell 4.5% stake in Delivery Hero to Uber for $318m
5
India: Polaris Smart Metering secures $80m funding from BII
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Policy & Regulations
The companies fined include Pinduoduo, Meituan, and JD.com.
Secondaries
The programme combines a closed-end fund and bespoke co-investment vehicles.
Deals
Prosus is selling 13.6 million Delivery Hero shares at 20 euros each.
The funding will be used to deploy 2.2 million smart meters in West Bengal.
Greater China
It will fund AI infrastructure expansion, generative AI research and working capital.
Rest of Asia
Demand is fuelled by surge in corporate M&As.
The fund has secured $520 million in its first close.
But PIF’s new discipline could put further pressure on Asian managers.
World
Brookfield will remain a majority shareholder.
