Deals
US tech stocks have suffered a rout amid growing worries over massive spending on AI.
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OpenAI slashes funding target by $10b amid tech rout
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SoftBank-backed OPay withdraws $304m US IPO after regulatory inquiry
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Binance resumes bitcoin, ether withdrawals after covering bulk of stolen $6.3b
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Editor’s Picks: The Week That Was - Oct 26-31
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India: TVS Capital Funds forays into private credit to back mid-market firms
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Antares Ventures taps Asian industrials with deep tech fund
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IFC investing $50m in A.P. Moller’s latest emerging markets infrastructure fund
Northstar closes maiden VC fund at $140m with support from existing LPs
IPOs & Markets
The Nigeria-focused company described the inquiry as relating to a jurisdiction “immaterial” to its core operations.
Analysis
The heist adds to a string of recent crypto thefts.
Catch up on the top PE VC developments across Asia.
The proposed fund will target an initial corpus of Rs 750 crore, with a green-shoe option of Rs 500 crore.
Singapore
Antares has raised $50m for its $100m debut deep tech fund.
Greater China
At least four companies have postponed or abandoned their HK listings after launching IPOs.
Rest of Asia
Founded in Singapore in 2014, ShopBack has since expanded across SE Asia.
India
The firm derives most of its revenue from its transport vertical.
Any deal would build upon last year’s agreement between the two firms to work together.
