Deals
PayPal has not formally responded to the proposal.
1
PayPal board calls $53b Stripe-Advent offer inadequate
2
Australia's Coles ends talks with TPG Capital on Greencross deal
3
CXMT'S $8.6b Shanghai IPO reflects investor caution amid tech selloff
4
China's Moonshot launches world's largest open AI model to rival Anthropic's Fable
5
Coatue-led funding round to value Databricks at $188b
More Stories
Indonesian automotive platform Broom eyes fresh funding
IFC plans up to $175m backing for AirTrunk’s Malaysia data centres
Former DP World boss takes charge of Malaysia MMC Port
Vietnam’s infra supercycle could reshape next opportunities for PE
Singapore’s Rize raises $31m Series B led by BNP Paribas Asset Management
Private Equity
TPG was likely aiming for an A$4 billion ($2.80 billion) deal.
IPOs & Markets
The over-subscription rate, however, was much lower than most recent Chinese IPOs.
Analysis
Kimi K3 is the first open-weight model to approach the 3 trillion-parameter mark.
Earlier this year, it completed a fundraising of about $5 billion at a $134 billion valuation.
Rest of Asia
JERA has started examining U.S. market conditions.
Greater China
Market outings of SK Hynix, Momenta & MiniMax point to three open doors, but none are free.
Japanese convenience store group eyes expansion into Eastern Europe.
World
It is Crypto.com’s first-ever institutional fundraising round.
EU’s €3 fee on low-value e-commerce imports likely to dent growth.
