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Analysis

Why Sea Ltd thrives even as its strongest business posts the thinnest margins

However, the e-commerce platform accounted for nearly three quarters of Sea Ltd’s total Q1 revenue.

Just InTrending

1

Why Sea Ltd thrives even as its strongest business posts the thinnest margins

2

Former IFC exec-backed Winpe eyes debut fund to invest in women-led startups

3

JALA Tech backer seeks $30m for new aquatech roll-up platform

4

China unveils guidelines to standardise AI agent development

5

Private credit funds mark down investments in Q1 amid rising risks

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1

CVC set to become significant investor in Indo retailer MAPI

2

Hillhouse-backed Ascentium scales to $250m revenue after 13 acquisitions

3

Beauty retailer Konvy bags $22m in Series B led by Cool Japan Fund

4

LP-GP sentiment mismatch resurfaces in current cycle: Mekong Capital

5

IFC weighs $110m securitisation deal with PH fintech First Circle

Venture Capital

Former IFC exec-backed Winpe eyes debut fund to invest in women-led startups

WeWin fund will look at investing from the idea to the pre-Series A stage.

Deals

JALA Tech backer seeks $30m for new aquatech roll-up platform

The platform aims to consolidate smaller independent tech firms with extensive local networks.

Policy & Regulations

China unveils guidelines to standardise AI agent development

The guidelines focus on technology, security, adoption and ecosystem growth.

Private Credit

Private credit funds mark down investments in Q1 amid rising risks

Aggregate fair value-to-cost ratio fell 103 basis points to 98.55% at the end of March.

India

India: Semiconductor startup HrdWyr raises $13m led by Ideaspring Capital

Singularity AMC, Avatar Growth Capital, and Persistent Systems joined the round.

Singapore

Sea Ltd’s Q1 profit rises 7% as fintech & gaming drive growth

Adjusted EBITDA also crossed the $1-billion mark in a quarter for the first time.

Greater China

China’s JD.com reports 5% rise in quarterly revenue

Revenue was buoyed by government subsidies for electronic goods.

Rest of Asia

EQT launches tender offer to take Japan’s Kakaku.com private at $3.8b valuation

The Japanese company’s board and a special committee unanimously backed the offer.

Philippines

Tonik hits breakeven, targets ‘durable profitability’ ahead of pre-IPO round

The firm did not disclose absolute profit figures in its statement.

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