Apple asks suppliers to shift production of AirPods, Beats to India: NikkeiApple’s latest move is part of a gradual diversification from China.

Apple Inc is asking its suppliers to move some AirPods and Beats headphone production to India for the first time, Nikkei reported on Wednesday, in what could be another win for New Delhi in its push for local manufacturing. Apple iPhone assembler Foxconn is preparing to make Beats headphones in India and hopes to eventually produce AirPods in the… Continue reading Apple asks suppliers to shift production of AirPods, Beats to India: NikkeiApple’s latest move is part of a gradual diversification from China.

People Digest: SC Capital Partners, K&L Gates, Pictet announce key hires

Asset manager SC Capital Partners has strengthened its team with four key appointments; global law firm K&L Gates LLP has appointed Iris Leung as a corporate/capital markets partner in its Hong Kong office; while Geneva-based private bank Pictet will appoint Victor Aerni as CEO of its wealth management business in Asia. SC Capital Partners announces… Continue reading People Digest: SC Capital Partners, K&L Gates, Pictet announce key hires

TPG Rise leads $450m Series E funding in energy storage firm Form Energy

TPG Rise, the global impact investing platform of private equity giant TPG Inc, has anchored a $450-million Series E financing in Form Energy, an American energy storage company, according to an announcement. TPG Rise carried out the investment through TPG Rise Climate, the PE firm’s global impact investing platform, which raised $7.3 billion in April.… Continue reading TPG Rise leads $450m Series E funding in energy storage firm Form Energy

Mizuho to buy 20% stake in Rakuten Securities for $550m from parent: Nikkei

Mizuho Financial Group’s securities business will acquire around 20% of shares in Rakuten Securities from its parent Rakuten Group for about 80 billion yen ($554 million), business daily Nikkei reported on Wednesday. Rakuten has outlined plans to raise capital by listing its securities and banking units as it faces competition from Amazon.com in e-commerce and large… Continue reading Mizuho to buy 20% stake in Rakuten Securities for $550m from parent: Nikkei

SoftBank’s Son proposes long-term cooperation between Arm and Samsung

SoftBank Group Corp founder and CEO Masayoshi Son discussed on Tuesday a long-term cooperation between chip designer Arm and Samsung Electronics, but did not propose the South Korean firm to invest in the British company, a local media reported on Wednesday. The billionaire, who is making his first visit to Seoul in three years, said earlier… Continue reading SoftBank’s Son proposes long-term cooperation between Arm and Samsung

Icahn stocked up Twitter stake worth over $500m, books a neat profit after Musk U-TurnThe estimated profit for Icahn Enterprises LP could exceed $250m

Activist investor Carl Icahn amassed a Twitter stake worth more than $500 million in the past few months and made a sizable profit on Tuesday after Elon Musk proposed to go ahead with his takeover of the social media platform, the Wall Street Journal reported. Twitter shares jumped more than 22% to end at $52.00 on Tuesday after a securities filing showed Musk intends… Continue reading Icahn stocked up Twitter stake worth over $500m, books a neat profit after Musk U-TurnThe estimated profit for Icahn Enterprises LP could exceed $250m

Southeast Asia-focused Dymon Asia PE closes third fund at $650m hard cap

Southeast Asia-focused Dymon Asia Private Equity has closed its third fund, Dymon Asia Private Equity Fund III LP, at a hard cap of $650 million. The fund, which exceeded an original target of $550 million, was closed less than six months after launch, the firm said in a statement last week. Limited partners in the… Continue reading Southeast Asia-focused Dymon Asia PE closes third fund at $650m hard cap

In yet another U-turn, Musk willing to buy Twitter

Billionaire Elon Musk is proposing to proceed with his original $44-billion bid to take Twitter Inc private, security filings showed on Tuesday, calling for an end to a lawsuit by the social media company that could have forced him to pay up, whether he wanted to or not. An agreement would put the world’s richest person in charge of… Continue reading In yet another U-turn, Musk willing to buy Twitter

Startup funding in Singapore grew 45% annually to reach S$14.7b in 2021: EnterpriseSGVenture funding in H1 jumped 54% YoY to reach S$8.18 billion acro…

Investments in Singapore-based startups reached S$14.7 billion ($10.3 billion) in 2021 with funding growing at 45% per annum between 2017 and 2021, according to data from Enterprise Singapore (EnterpriseSG). Amid a bleak global economic environment, venture funding in Singapore startups touched S$8.18 billion ($5.74 billion) within the first half of 2022 alone, up 54% compared… Continue reading Startup funding in Singapore grew 45% annually to reach S$14.7b in 2021: EnterpriseSGVenture funding in H1 jumped 54% YoY to reach S$8.18 billion acro…

China’s Alwin Capital closes new dual-currency fund at $281m to invest in life sciencesThe firm is focused on R&D, medical devices, molecular diagnost…

China’s Alwin Capital has closed an oversubscribed dual-currency fund at over 2 billion yuan ($281.1 million) to raise its stakes in the life sciences industry. The new fund secured capital commitments from a wide range of limited partners including large-scale funds of funds (FOFs), government-guided funds, healthcare corporates, insurers, commercial banks, and other financial institutions,… Continue reading China’s Alwin Capital closes new dual-currency fund at $281m to invest in life sciencesThe firm is focused on R&D, medical devices, molecular diagnost…