People
Sky Xu will take on the role of chairman and lead the investor roadshow.
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Shein executive chairman to step down as IPO mission nears completion: report
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BYD steps up UK expansion with new luxury EV, ultra-fast charging network
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US states sue to block Paramount’s $110b Warner Bros Discovery acquisition
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Vertex Growth Fund poised for 8x return on $1.5b drone firm deal
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SE Asia Deal Review: Five megadeals propel startup funding to $4.22b in June
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Anytime Fitness’s Asia owner said to target up to $450m in potential sale
Indonesia’s JULO raises fresh capital from existing investors
PH banks’ zero-fee push tests GCash and Maya’s payments economics ahead of IPOs
Danantara picks partners for eight new waste-to-energy projects
Analysis
Overseas markets have become crucial for BYD amid domestic headwinds.
Deals
Paramount said the lawsuit distorts settled antitrust law.
Motorola Solutions has agreed to acquire Israel-based D-Fend.
Startup funding in the region last crossed the $4b mark in November 2021.
India
The Temasek-backed company is understood to have raised over $150 million to date.
Monetary Authority of Singapore was allotted 1.04% of the IPO anchor book.
Indonesia
The winning consortiums include France’s SUEZ and Veolia as well as China’s Everbright.
Vietnam
The loan will help SeABank expand financing for small businesses and climate-related investments in Vietnam.
It has imposed a two-year cooling-off period for former officials.
