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Author: Deal Street Asia Online News
Two Chinese firms speed up Hong Kong’s express delivery market
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China’s BYD launches EV factory in Thailand, first in SE Asia
China’s BYD opened its first electric vehicle plant in Thailand on Thursday, the auto maker’s first in Southeast Asia. “BYD is using Thailand as a production hub for export to ASEAN and many other countries,” Narit Therdsteerasukdi, Secretary General of Thailand’s Board of Investment said at the opening ceremony, referring to the 10-nation Southeast Asian… Continue reading China’s BYD launches EV factory in Thailand, first in SE Asia
Ambani’s Reliance set to launch IPO-bound Shein in India
Indian billionaire Mukesh Ambani’s Reliance Retail Ventures will launch Chinese fast fashion label Shein in the coming weeks, selling the latter’s products on its app and brick-and-mortar stores, The Economic Times reported on Thursday. The retail unit of Ambani’s oil-to-telecom conglomerate Reliance Industries reportedly teamed up with the IPO-bound fashion brand last year and is… Continue reading Ambani’s Reliance set to launch IPO-bound Shein in India
AI deals lift US venture capital funding to highest level in two years
U.S. venture capital funding surged to $55.6 billion in the second quarter, marking the highest quarterly total in two years, according to PitchBook data published on Wednesday. The latest figure shows a 47% jump from the $37.8 billion U.S. startups raised in the first quarter, largely driven by significant investments in artificial-intelligence companies, including $6… Continue reading AI deals lift US venture capital funding to highest level in two years
Data Vantage: Cariuma, SwipeRx, Zepto, Bizhare and NirogStreet in focus
Start your deal-making journey now! Subscribe now to enjoy unlimited access at just $59. Premium coverage on private equity, venture capital, and startups in Asia. Exclusive scoops from our reporters in nine key markets. In-depth interviews with industry leaders shaping the ecosystem. Subscribe now Go to Source
Norfund looking to invest close to $500m in SE Asia from climate fundThe Climate Investment Fund has earmarked $1b for emerging economies over five ye…
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India Deal Review: Startup funding in June crosses $2b for first time in two years
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Indonesian aquatech startup Aruna said to close fresh funding in a down round
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India-based crypto exchange CoinDCX acquires Dubai’s BitOasisThe United Arab Emirates is aiming to become a global centre for the crypto industry.
India-based crypto exchange CoinDCX has acquired Middle East-focused crypto platform BitOasis, the two companies said in a joint statement on Wednesday. The firms did not disclose the transaction value, but BitOasis said in a separate statement that CoinDCX, which had already acquired a stake in the business last year, now owns the full share capital… Continue reading India-based crypto exchange CoinDCX acquires Dubai’s BitOasisThe United Arab Emirates is aiming to become a global centre for the crypto industry.