IPOs & Markets
The deal will allow ProLogium to expand into data centres, aerospace, robotics and defense.
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Taiwanese battery maker ProLogium to list on Nasdaq in $3.8b SPAC deal
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India's MobiKwik targets $500m NBFC loan book
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China's PDD misses revenue estimates as e-commerce demand softens
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Tencent onboards PayPal users on WeChat Pay network
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Indian PE firm True North picks minority stake in pharma firm Embio
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Deals
Currently, it operates as a lending service provider, distributing loans through partner lenders.
Earnings and Results
PDD Holdings reported a 15% fall in first-quarter net income and revenue.
US PayPal users can now make purchases across China using WeChat Pay’s QR-code merchant network.
The investment confirms an earlier DealStreetAsia report that said the two sides were in talks.
India
The order relates to a $150m loan from QIA to Byju’s Singapore-based investment firm.
World
The fund offers a 60:40 mix of public and private credit assets.
Rest of Asia
Shares of SK Hynix jumped as much as 14.9%.
Manuell will replace the outgoing Mark Delaney.
The firm invests in startups from pre-Series A to Series B stages.
