Google will invest $2 billion in Malaysia to develop its first data centre and Google Cloud region in the country, the unit of Alphabet said on Thursday, the latest in a wave of expansion by global tech firms into Southeast Asia. The government said the investment would advance Malaysia’s digital ambitions, and the artificial intelligence… Continue reading Google to invest $2b in its first data centre, cloud services in Malaysia
Author: Deal Street Asia Online News
India’s Sedemac Mechatronics secures $100m investment; Nexus Venture exits
Deep tech enterprise startup Sedemac Mechatronics has raised $100 million in a fresh funding round led by Xponentia Capital Partners, A91 Partners and 360 ONE Asset. The deal marks a full exit for the company’s first institutional investor Nexus Venture Partners, which has backed prominent unicorns in India. Sedemac’s other backers TR Capital and Montane… Continue reading India’s Sedemac Mechatronics secures $100m investment; Nexus Venture exits
Data Vantage: Believe, Bobobox, Pasarnow, Cobo and AWAK in focus
This web version of the DATA VANTAGE twice-weekly premium newsletter is available only to our premium subscribers. Unlock access by picking up any of our premium subscription plans. 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… Continue reading Data Vantage: Believe, Bobobox, Pasarnow, Cobo and AWAK in focus
SG infra investor Seraya Partners to launch second fund amid rapid deploymentThe firm closed its first fund at $800m last year, surpassing the origina…
Ivan Chern, Managing Partner, Seraya Partners Seraya Partners, a Singapore-based private equity fund specialising in next-generation infrastructure, is planning to raise its second fund in the first half of next year following the rapid deployment of its debut fund. Start your deal-making journey now! Subscribe now to enjoy unlimited access at just $59. Premium coverage… Continue reading SG infra investor Seraya Partners to launch second fund amid rapid deploymentThe firm closed its first fund at $800m last year, surpassing the origina…
Grab partners with OpenAI to boost superapp experience with AI
Southeast Asian tech major Grab has announced its collaboration with Microsoft-backed artificial intelligence (AI) company OpenAI to embed advanced AI solutions into its platform in the region. The collaboration, which is the first of its kind for OpenAI in Southeast Asia, will integrate ChatGPT Enterprise, a variant of the ChatGPT model, in a pilot project… Continue reading Grab partners with OpenAI to boost superapp experience with AI
China’s Silk Road Fund selling 9% stake in Italy’s Pirelli through ABB
China’s Silk Road Fund is selling its 9% stake in Italian premium tyre maker Pirelli through a so-called accelerated book building (ABB) procedure, a bookrunner said on Wednesday. The deal comes after the Italian government intervened last year to limit the influence of Pirelli’s largest shareholder, the Chinese state-owned conglomerate Sinochem Group, to preserve national… Continue reading China’s Silk Road Fund selling 9% stake in Italy’s Pirelli through ABB
Malaysia’s pension fund KWAP launches $1.27b PE investment strategy Dana PemacuThe fund will set aside nearly 50% of the corpus for Shariah-compliant …
Malaysia’s public service retirement fund Kumpulan Wang Persaraan (KWAP) has allocated RM6 billion ($1.27 billion) towards its private equity investment strategy under its Dana Pemacu initiative. DealStreetAsia had earlier reported on the upcoming launch of Dana Pemacu. As part of the PE strategy, the fund will set aside nearly 50% of the corpus – RM3… Continue reading Malaysia’s pension fund KWAP launches $1.27b PE investment strategy Dana PemacuThe fund will set aside nearly 50% of the corpus for Shariah-compliant …
Japan Activation Capital looks to raise up to $3.2b to back just over 10 firms
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China’s Didi Global sinks into Q1 loss after two profitable quarters
China’s largest ride-hailing company Didi Global fell to a first–quarter net loss after two consecutive quarters of profit, the company said on Wednesday. Didi reported a net loss attributable to shareholders of 1.4 billion yuan ($193.13 million) for the three months to end-March, largely attributing that to a fall in investment income from its stake in Chinese electric vehicle maker Xpeng. It sold its electric car development business to Xpeng in August… Continue reading China’s Didi Global sinks into Q1 loss after two profitable quarters
BlackRock ETF becomes world’s largest bitcoin fund
BlackRock’s iShares Bitcoin Trust has become the world‘s largest fund for the original cryptocurrency, racking up nearly $20 billion in total assets since listing in the US at the start of the year, Bloomberg News reported on Wednesday. The exchange-traded fund held $19.68 billion of token on Tuesday, overtaking Grayscale Bitcoin Trust’s $19.65 billion, report said, citing data compiled by Bloomberg. BlackRock did not immediately respond to Reuters’ request for… Continue reading BlackRock ETF becomes world’s largest bitcoin fund