Private Equity
Multiples founder expects the final close of the fourth fund within a year.
Venture Capital
SMBC Asia Rising Fund will manage $200m, most of which comes from the Japanese megabank.
Deals
HK-based Strategic Year Holdings also invested in the $5m round.
People
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
More Stories
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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Greater China
The sale lowered Berkshire's holdings in BYD's issued H-shares to 9.87% from 10.05%.
World
Bain Capital kicked off the fundraising at the start of the year and has already raised about $2b.
India
Rest of Asia
The company abandoned its planned IPO in January due to harsh market conditions.
Vietnam
Singapore
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.
Indonesia
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.