Multiples founder expects the final close of the fourth fund within a year.
SMBC Asia Rising Fund will manage $200m, most of which comes from the Japanese megabank.
HK-based Strategic Year Holdings also invested in the $5m round.
Berkshire Hathaway sells $59m worth of shares in Chinese EV maker BYD
Japan's SMBC, Incubate Fund launch new vehicle in SG for fintech investments
S Korean e-grocery platform Kurly raises $91m from existing investors Aspex, Anchor
Indonesian coffee chain Kopi Kenangan brews ambitious global expansion plans
Vietnam’s Sapo Technology in talks to raise $20m in new funding round
Taylor’s Education Group owners mull sale of Malaysia, Vietnam universities: Report
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The sale lowered Berkshire's holdings in BYD's issued H-shares to 9.87% from 10.05%.
Bain Capital kicked off the fundraising at the start of the year and has already raised about $2b.
Rest of Asia
The company abandoned its planned IPO in January due to harsh market conditions.
The latest round follows Advance's $400m Series D round in 2021.
CEO Forrest Li announced a 5% pay increase for Sea's staff.
The firm said it aims to invest in early-stage startups with larger cheque sizes.
The presence of BYD would pose a direct challenge to VinFast.
The halt pushed bitcoin lower, though its losses were marginal.
This edition also features Indonesia's healthcare and digital banking sectors.
Cainiao is looking to raise between $1 billion and $2 billion in Hong Kong.
Lessors want the regulator to deregister some of its planes as a step towards taking them back.
There was a proliferation of 'finfluencers' on social media platforms during COVID-19.
Under the new rules, large hedge fund advisors have to inform financial regulators on certain events.
Founder Manan Khurma is returning as the CEO to run the company's day-to-day affairs.