The sale lowered Berkshire’s holdings in BYD’s issued H-shares to 9.87% from 10.05%.
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
Chinese automaker BYD to manufacture EVs in Vietnam
Sequoia-backed Indian edtech firm Cuemath lays off 100 employees
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
SEA Digest: CAV closes first fund, MoneyLion exits digital Islamic bank consortium; Salim Group backs Mimin
Climate investor TRIREC to raise $100m third fund, to close predecessor at $80m
The halt pushed bitcoin lower, though its losses were marginal.
IPOs & Markets
Cainiao is looking to raise between $1 billion and $2 billion in Hong Kong.
The firm raised $120 million in its Series A round in February 2019 led by Tencent.
The LP View
State LPs are often under pressure to prioritise political achievements over portfolio growth.
The proposed debt financing is in the form of long-term project loans to the subsidiaries of ALBA Group Asia.
Thailand is Asia’s fourth-largest autos assembly and export hub for carmakers like Toyota and Honda.
ChatGPT has inspired a new breed of AI entrepreneurs — the elite of China’s tech giants.
Semi-Tech has launched a $144.7m fund to invest in smart manufacturing software and compatible hardware.
The bank still faced a rebellion against its board and pay for top bosses.