IPOs & Markets
Enflame is China’s latest AI chipmaker to go public.
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Tencent-backed AI chipmaker Enflame targets $908m in Shanghai IPO
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OpenAI says ad business has hit $1b annualised revenue run rate
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GRT Jewellers India to buy 74% in Tribhovandas Bhimji Zaveri for up to $109m
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ID Digest: LLV Japan fund invests in Bumame, TWO Inc; Vidio partners with ReelShort
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ITC Infotech to merge with Happiest Minds, buy 22% stake for $140m
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Earnings and Results
OpenAI said advertisers outside the US represent a growing share of revenue.
Deals
GRT will launch an open offer for an additional 26% stake.
Bumame operates healthcare services in Indonesia, while TWO Inc is a Japanese wellness company.
Shares of ITC Infotech will list on BSE and NSE after the deal.
Rest of Asia
Alpha Dhabi will increase its ownership interest in the joint venture to 40% from 20% previously.
Singapore
Fintech investments in Singapore hit S$2.9 billion last year.
Greater China
The public offering portion was subscribed 5.63 times, while the international portion was subscribed 2.59 times.
India
The first close was backed by Temasek, AustralianSuper and others.
Alibaba Group, Meituan, Tencent, and JD.com were among the investors.
