India’s ICICI Bank is facing pushback against delisting its unit ICICI Securities, with some shareholders trying to block the move and the market regulator hauling the bank up over its processes to win shareholder approval. In March, around 72% of ICICI Securities’s minority shareholders voted in favour of selling their shares to ICICI Bank, which… Continue reading India’s ICICI Bank faces pushback against delisting brokerage unit
Author: Deal Street Asia Online News
Chinese food delivery major Meituan’s revenue up 25%, beats estimatesIts profit for the quarter hit 5.2 billion yuan, increasing 59.9% from 3.36 billi…
China’s leading food delivery group Meituan on Thursday reported a bigger-than-expected 25% rise in quarterly revenue, defying a slowing Chinese economy. Meituan, which operates an app providing services as varied as bike-sharing, ticket-booking and maps, reported revenue in the three months to March 31 of 73.3 billion yuan ($10.11 billion), against 58.62 billion yuan in… Continue reading Chinese food delivery major Meituan’s revenue up 25%, beats estimatesIts profit for the quarter hit 5.2 billion yuan, increasing 59.9% from 3.36 billi…
Porsche Ventures’ debut China-focused VC fund secures first close
Porsche Ventures, the corporate venture capital (CVC) arm of German automobile manufacturer Porsche, has secured the first close of its debut Chinese VC fund. Set up with investment bank China International Capital Corporation (CICC), the CICC Porsche (Shanghai) Venture Capital Investment Partnership, will help amp up Porsche’s ambitions in China, according to an announcement by… Continue reading Porsche Ventures’ debut China-focused VC fund secures first close
Vietnam-based VinaCapital announces sudden death of CIO
Vietnam-based asset manager VinaCapital on Thursday announced the sudden passing of its chief investment officer, Andy Ho. Ho passed away on June 6 at his home in Ho Chi Minh City. He was 52. “Andy has been my trusted business partner since 2007, and he has been instrumental in the growth of the VinaCapital Vietnam… Continue reading Vietnam-based VinaCapital announces sudden death of CIO
SEA Digest: Boost Bank, ANEXT report updates; Amar Bank distances itself from Investree
Malaysian digital lender Boost Bank has officially launched its services, while Ant Group-backed ANEXT Bank has reported a significant increase in its customer base and cross-border transactions. In another development, Indonesia-listed Amar Bank has distanced itself from troubled fintech firm Investree. Boost Bank launches digital bank app Boost Bank, a digital lender owned by Malaysia’s… Continue reading SEA Digest: Boost Bank, ANEXT report updates; Amar Bank distances itself from Investree
GIC, Temasek join global coalition that will invest $25b in Indo-PacificPE firms KKR and GIP will co-chair the initiative.
KKR, Global Infrastructure Partners (GIP) and the Indo-Pacific Partnership for Prosperity have formed a coalition to invest $25 billion in infrastructure in the Indo-Pacific region, US Commerce Secretary Gina Raimondo said on Thursday. Raimondo, speaking in Singapore, said investment would include green data centres in Indonesia, renewable energy in the Philippines and smart metres and… Continue reading GIC, Temasek join global coalition that will invest $25b in Indo-PacificPE firms KKR and GIP will co-chair the initiative.
Global clean energy investments to hit $2 trillion this year led by China: IEA
Global investment in clean energy technology and infrastructure is set to hit $2 trillion this year, twice the amount going into fossil fuels, an International Energy Agency report showed. Total energy investment is expected to exceed $3 trillion for the first time in 2024, the IEA said in its annual World Energy Investment report. Some $2 trillion… Continue reading Global clean energy investments to hit $2 trillion this year led by China: IEA
Richard Li’s FWD Group targets $9b valuation in new HK listing plan: report
Billionaire Richard Li has revived plans to list pan-Asian insurer FWD Group in Hong Kong, said three people with direct knowledge of the matter, after regulatory delay and market volatility scuppered previous attempts to take it public. Hong Kong-headquartered FWD could target a valuation of up to $9 billion in the initial public offering (IPO) depending on financial market… Continue reading Richard Li’s FWD Group targets $9b valuation in new HK listing plan: report
Peak XV raises $206m so far from US investors for latest India, SE Asia fundsThe funds have a combined target of $2.8 billion.
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Niche investors show appetite for Asia’s alt protein sector despite falling deals
Despite tempered valuations and a decline in deals over the past couple of years, foodtech in Asia, especially Southeast Asia, remains a promising sector for niche investors. Rising concerns over climate change highlight the need for sustainable food systems, one of which is through the development of alternative proteins, industry insiders believe. Go to Source