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Author: Deal Street Asia Online News
The LP View: Collaboration key to boost sustainability efforts as focus shifts to cost management
Economic pressures and fluctuating interest rates may have shifted focus from sustainability towards short-term financial gains. However, the anticipated normalisation of interest rates, evolving policies, and enhanced collaboration among various stakeholders are expected to revitalise sustainability efforts. Go to Source
SG oat milk brand Oatside raises $35m so far in Series B funding
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University of Michigan commits $73m to India-focused Kedaara’s latest fund
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CPPIB, Temasek join Blackstone in backing Singapore hedge fund ArrowpointThese sovereign wealth funds followed Blackstone, which had already seeded th…
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…
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