Arrowpoint Investment Partners, one of Asia’s largest hedge fund launches this year, said on Friday it has secured investment from the Canada Pension Plan Investment Board (CPPIB) and a unit of Singapore’s Temasek Holdings. These sovereign wealth funds followed Blackstone, which had already seeded the new Singapore-based fund. “Blackstone, Temasek, and CPPIB have confirmed their support as… Continue reading CPPIB, Temasek join Blackstone in backing Singapore hedge fund ArrowpointThese sovereign wealth funds followed Blackstone, which had already seeded th…
Author: Deal Street Asia Online News
Chinese automakers retain grip over Southeast Asia’s booming electric car market
Electric vehicle sales are surging in Southeast Asia, led by China’s BYD and Vietnam’s VinFast, eating into the internal combustion engine car market dominated by Japanese and Korean firms, Counterpoint Research said on Friday. EV sales in the region more than doubled in the January to March quarter from a year before, according to the… Continue reading Chinese automakers retain grip over Southeast Asia’s booming electric car market
Ant Group weighs exiting personal credit firm Baihang: report
China’s Ant Group is considering selling its stake in personal credit reporting firm Baihang Credit as it awaits a licence approval for another similar entity, Bloomberg News reported on Friday. Ant will need to offload its 8% holding due to policy guidance saying entities can only hold one licence in each business category, Bloomberg said, citing a person familiar with the… Continue reading Ant Group weighs exiting personal credit firm Baihang: report
Embodied AI startup GalaxyBot closes $96m angel round just 12 months after inceptionInvestment arms of Meituan, SenseTime Group, BAIC Group, and iFlyt…
GalaxyBot, an embodied artificial intelligence (AI) startup in China, has closed an angel round worth 700 million yuan ($96.4 million) just 12 months after its inception. The value of GalaxyBot’s angel round is unusually high even by the standards of China’s multi-trillion-dollar private market, which is second only to the US in size. Beijing-based GalaxyBot,… Continue reading Embodied AI startup GalaxyBot closes $96m angel round just 12 months after inceptionInvestment arms of Meituan, SenseTime Group, BAIC Group, and iFlyt…
Vietnamese unicorn VNG eyes listing on local exchange HoSE
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People Digest: Temus names new CEO; Lazada Logistics exec joins SiCepat
Temasek-backed Temus has announced the appointment of Ng Lai Yee as its new CEO, while Philippe Auberger, the former country CEO of Lazada Logistics in Indonesia, has joined SiCepat as its COO. Temus names new CEO Temus, a global digital transformation platform backed by Temasek Holdings and UST, has announced the appointment of Ng Lai… Continue reading People Digest: Temus names new CEO; Lazada Logistics exec joins SiCepat
US pension manager WSIB commits $400m to TPG’s climate-focused fundThe investment is for TPG Rise Climate II.
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Zepto loads up $665m to take on Blinkit, Instamart in India’s quick commerce war
Zepto has raised $665 million in a funding round valuing the Indian quick commerce at $3.6 billion, as it looks to double its store count amid rising competition and amp up its plans to go public by 2025. The biggest funding round of the year was co-led by existing investors Glade Brook, Nexus, and StepStone,… Continue reading Zepto loads up $665m to take on Blinkit, Instamart in India’s quick commerce war
SoftBank CEO reveals artificial super intelligence ambitions
SoftBank Group CEO Masayoshi Son said on Friday that the group’s mission was to help in humanity’s progress by realising artificial super intelligence, which he said would exceed human capabilities by a factor of 10,000. “SoftBank Group has done many things until now that have all been a warm up for my great dream to… Continue reading SoftBank CEO reveals artificial super intelligence ambitions
Partners Group opens Hong Kong office in Chinese private wealth push
Global private investment firm Partners Group said on Friday it has opened an office in Hong Kong, in a push to expand its private wealth client base in Greater China. The firm, based in Zug, Switzerland, had appointed Henry Chui, its head of private wealth in Asia Pacific, to lead the Hong Kong office, it… Continue reading Partners Group opens Hong Kong office in Chinese private wealth push