Singapore’s Dymon Asia Capital has opened its first office in the Middle East to capitalise on the time zone and capture more investment talent in that region, the hedge fund manager said. The Dubai office, which the $3 billion multi-strategy hedge fund opened in November, is the fund’s ninth globally, and came after it secured… Continue reading Hedge fund Dymon Asia opens Dubai office, its first in the Middle EastThe Dubai office is the fund’s ninth globally.
Author: Deal Street Asia Online News
Taiwanese travel startup KKday pockets $70m for M&As, AI investmentsA “significant portion” of the proceeds will be used for M&As APAC.
Taiwanese travel e-commerce platform KKday has secured around $70 million in a financial round that saw participation from several new and existing investors, according to a company release on Thursday. Japan government-backed Cool Japan Fund, Taiwan’s National Development Fund, Taiwan-based venture capital firm Darwin Ventures, and Chang Hwa Bank Venture Capital, the wholly-owned subsidiary of… Continue reading Taiwanese travel startup KKday pockets $70m for M&As, AI investmentsA “significant portion” of the proceeds will be used for M&As APAC.
Nuveen makes $257m first close of Australian real estate debt strategyIt secured commitments from Teachers Insurance and Annuity Association of Americ…
Property investment manager Nuveen has raised over A$400 million (about $257 million) in the first close of its first commingled Australian commercial real estate debt strategy, according to an announcement. The first close secured commitments from US financial services firm Teachers Insurance and Annuity Association of America (TIAA) and Singapore state investor Temasek, per the… Continue reading Nuveen makes $257m first close of Australian real estate debt strategyIt secured commitments from Teachers Insurance and Annuity Association of Americ…
Chinese PE-VC investors try to find ‘sweet spot’ as reality hits homeFund managers slow down dealmaking activity amid growing overseas focus.
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Insight Partners sells $2b stake in cloud data firm Veeam at $15b valuationThe transaction was led by TPG with participation from Temasek, Neuberger B…
U.S. private equity firm Insight Partners has sold a $2 billion stake in cloud data company Veeam Software in a secondary sale valuing the firm at $15 billion, it said on Wednesday. Veeam, a former Swiss firm now headquartered in Kirkland, Washington, provides backup for critical information on remote servers. It has tripled its valuation… Continue reading Insight Partners sells $2b stake in cloud data firm Veeam at $15b valuationThe transaction was led by TPG with participation from Temasek, Neuberger B…
India Digest: Solar startup Glow raises $30m; Peak XV backs US-based AI startupGlow has raised funds from Framework and Union Square Ventures.
Solar energy startup Glow has raised $30 million in a fresh round of funding from venture capital firms Framework and Union Square Ventures. Separately, Peak XV Partners, which has most of its investments in India and Southeast Asia has backed the US-based AI startup Enterpret. Solar energy startup Glow raises $30m Solar energy startup Glow… Continue reading India Digest: Solar startup Glow raises $30m; Peak XV backs US-based AI startupGlow has raised funds from Framework and Union Square Ventures.
National fund-of-funds Jelawang Capital spots big promise for Malaysian VCsThe national fund-of-funds has an initial capital of $224 million.
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China’s SenseTime reshapes to ramp up focus on generative AI techThe restructuring comes as SenseTime’s computer vision business declines.
Loss-making Chinese AI company SenseTime Group said on Tuesday it has completed a major organisational restructuring aimed at ramping up its shift toward generative AI technologies. The Hong Kong-listed company, previously focused on computer vision and surveillance technologies, has accelerated its transformation into generative AI following the industry-wide surge triggered by OpenAI’s ChatGPT. SenseTime was… Continue reading China’s SenseTime reshapes to ramp up focus on generative AI techThe restructuring comes as SenseTime’s computer vision business declines.
US chips ‘no longer safe’ say Chinese industry body in united response to curbsBeijing has also banned exports of some critical minerals to the US.
Chinese companies should be wary of buying US chips as they are “no longer safe” and buy locally instead, four of the country’s top industry associations said on Tuesday in a rare coordinated response to Washington’s curbs on Chinese chipmakers. The two nations have targeted each other’s economies in the last few days, escalating tensions… Continue reading US chips ‘no longer safe’ say Chinese industry body in united response to curbsBeijing has also banned exports of some critical minerals to the US.
Swiggy narrows losses in first earnings after India IPOIn comparison, rival Zomato posted a net profit of $21m for the September quarter.
Indian food delivery giant Swiggy posted a narrower loss in the September quarter—its first earnings since going public last month—buoyed by growing demand across its food delivery and quick commerce segments. However, the numbers also underline Swiggy’s uphill battle to catch up with rival Zomato, which has already achieved profitability. For the quarter ended September… Continue reading Swiggy narrows losses in first earnings after India IPOIn comparison, rival Zomato posted a net profit of $21m for the September quarter.