Deals
SoftBank has been ramping up AI-related investments.
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SoftBank plans to issue $6.29b corporate bonds to fund AI spending
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Xpeng's robotics unit raises $900m at $6.3b valuation
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Azalea raises over $1b in new capital commitments
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India Digest: Skincare brand Asaya, WATER raise funding
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India: Third Wave Coffee raises $43m funding led by WestBridge Capital
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Vietnamese hospitality startup M Village bags $26m in new funding
Indonesia brokerage earnings: Stockbit widens profit, Ajaib chases growth, Pluang invests
InnoVen looks to raise $200m for healthcare debt fund; IFC may enter as LP
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GPs have more room to serve Asian LPs thanks to bespoke mandates: Partners Group
The round was led by IDG Capital and participated by Tencent and Alibaba.
Private Equity
Azalea’s first evergreen PE exceeded $350 million in initial commitments.
Asaya has raised nearly $9.2 million in its Series A funding round.
The latest fundraise takes Third Wave Coffee’s cumulative funding to over $105 million.
Greater China
The prospectus does not disclose how much each investor will receive.
It provided over $200m in 2019 to support TA Associates’ acquisition of Gong Cha.
Its shares fell as much as 10% to HK$110.10 in early Hong Kong trade.
World
The downsizing will affect 27 partners and around 360 employees.
Indonesia
Ajaib doubled revenue in H1 2026 but net profit rose only 3%, as costs surged.
