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Private Equity

Bain Capital to buy tea chain Gong Cha for over $635m

The Taiwan-born bubble tea empire plans to expand its store network in East Asia and the US.

Just InTrending

1

Bain Capital to buy tea chain Gong Cha for over $635m

2

Disney moves out as Hearst gains full ownership of A+E in $1.2b deal

3

India may bring back merchant fees on digital payments

4

GIC explores sale of private fund portfolio worth $1b in secondaries market

5

Singapore personal care brand Stryv weighs public listing

More Stories

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Indonesia’s Waresix raises $27.4m from existing backers, filings show

2

Singapore personal care brand Stryv weighs public listing

3

Grab lifts 2026 outlook, unveils $750m buyback as one-off gain boosts profit

4

Asia to see higher allocations to private markets from wealth: Natixis IM

5

Editor’s Take: The Week That Was—July 27-August1

Deals

Disney moves out as Hearst gains full ownership of A+E in $1.2b deal

Disney’s exit follows the company’s efforts to prioritize streaming and ESPN.

Policy & Regulations

India may bring back merchant fees on digital payments

UPI transactions are currently free for merchants.

Private Equity

GIC explores sale of private fund portfolio worth $1b in secondaries market

Sale may contain stakes in funds managed by Thoma Bravo, KKR, and TPG Asia.

IPOs & Markets

Singapore personal care brand Stryv weighs public listing

The company is also close to completing a pre-IPO fundraising of about $5 million.

Singapore

Superbank arrives just in time for Grab’s fintech profit deadline

Grab’s gross loan portfolio nearly tripled to $2.32b after consolidating Superbank.

Philippines

GCash parent Mynt posts record quarterly revenue ahead of planned IPO

The Philippine e-wallet generated about $384m in revenue in Q2.

Indonesia

CoreWeave expands into Indonesia, announces first APAC data centre

It will add a total of 360 MW of contracted power.

Rest of Asia

SoftBank’s Seven & i bet is about AI, not running convenience stores

SoftBank is moving to harness data from Japan’s industrial and retail sectors.

India

India: Peak XV in talks to raise stake in kids’ footwear startup Aretto

Aretto joined Peak XV Partners’ Surge accelerator programme in Sept 2025.

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