Indonesia is expecting to get a $1 billion investment commitment from tech firm Apple Inc. in a week, its investment minister said on Tuesday, after the government banned iPhone 16 sales for failing to meet local content rules. Indonesia stopped sales of the smartphone because it requires those sold domestically to comprise at least 40%… Continue reading Indonesia expects Apple to commit $1b investments in a weekIndonesia requires smartphones sold domestically to comprise at least 40% locally-made part…
Author: Deal Street Asia Online News
Growth, talent seen as key to sustaining Japan’s private equity boomConcern about influx of capital as global buyout funds ramp up.
The bidding for Japanese systems developer Fuji Soft between two of the world’s largest private equity (PE) firms has shone the spotlight on the East Asian nation’s private equity market, which has seen frenzied activity driven by global macroeconomic and geopolitical tailwinds as well as domestic corporate sector reforms. Go to Source
People Digest: Ortella Global names co-founder; Vanessa Lau to be sole HKEX COOHKEX has named group CFO Vanessa Lau to become the sole COO.
Ortella Global Capital has named Rajvardhan Mohite as its co-founder and head of enterprise investments while the Hong Kong Stock Exchange has named Vanessa Lau as sole COO. Ortella Global appoints co-founder Ortella Global Capital, recently launched by a former executive at the World Bank Group’s International Finance Corporation (IFC), on Tuesday named Rajvardhan Mohite… Continue reading People Digest: Ortella Global names co-founder; Vanessa Lau to be sole HKEX COOHKEX has named group CFO Vanessa Lau to become the sole COO.
SG-based Cross Capital seeks to bring Japanese LPs closer to the worldIt is targeting to raise $100m for its FoF backing VC funds in Asia, Israel, Eur…
Singapore-based Cross Capital aims to be “an open innovation infrastructure for Japan” with its first fund-of-funds, which seeks to connect Japanese limited partners (LPs) with technology markets around the globe, a top executive of the firm told DealStreetAsia. Go to Source
After $2b payday from Swiggy, Prosus plans more listings from Indian portfolioProsus expects five Indian portfolio firms to list in the next 18 months…
After raking in nearly $2 billion in profits from the initial public offering (IPO) of Indian food delivery firm Swiggy, Dutch technology investor Prosus expects five of its portfolio companies in the South Asian nation to hit the bourse in the next 18 months. Among the companies expected to go public, Prosus mentioned digital payments… Continue reading After $2b payday from Swiggy, Prosus plans more listings from Indian portfolioProsus expects five Indian portfolio firms to list in the next 18 months…
Australia’s Liven to expand in SE Asia after investment from Living Lab VenturesLiving Lab Ventures is the CVC arm of Sinar Mas Land.
Living Lab Ventures (LLV), the corporate venture capital (CVC) arm of Sinar Mas Land, has invested an undisclosed amount in the Australian hospitality startup Liven, according to a statement on Monday. Liven plans to use the funds to expand in Southeast Asia, including Indonesia. Based in Melbourne since 2014, Liven branded itself not just as… Continue reading Australia’s Liven to expand in SE Asia after investment from Living Lab VenturesLiving Lab Ventures is the CVC arm of Sinar Mas Land.
Latest US crackdown on China hits semiconductor toolmaker, PE investorsPE firm Wise Road Capital and tech investor Wingtech Technology will face restr…
The US will launch its third crackdown in three years on China’s semiconductor industry on Monday, restricting exports to 140 companies including chip equipment maker Naura Technology Group, among other moves, according to two people familiar with the matter. The effort to hobble Beijing’s chipmaking ambitions will also hit Chinese chip toolmakers Piotech and SiCarrier… Continue reading Latest US crackdown on China hits semiconductor toolmaker, PE investorsPE firm Wise Road Capital and tech investor Wingtech Technology will face restr…
Malaysia urges Chinese firms to refrain from using it to dodge US tariffsWashington is expected to further curb exports to Chinese semiconductor toolm…
Malaysia has urged Chinese companies to refrain from using it as a base to “rebadge” products to avoid US tariffs, its deputy trade minister said on Monday, amid increasing export restrictions and concerns of a US-China trade war. Washington is expected to further curb exports to Chinese semiconductor toolmakers and sales of certain chipmaking equipment,… Continue reading Malaysia urges Chinese firms to refrain from using it to dodge US tariffsWashington is expected to further curb exports to Chinese semiconductor toolm…
People Digest: 1982 Ventures names SG operating partner; foodpanda appoints MDAditi Sharma will be the new MD of foodpanda.
Singapore VC firm 1982 Ventures has appointed James Kim as an operating partner, while the food and grocery delivery platform foodpanda has named Aditi Sharma as its new managing director. 1982 Ventures appoints operating partner in Singapore Early-stage venture capital firm 1982 Ventures has named James Kim as an operating partner Kim will be based… Continue reading People Digest: 1982 Ventures names SG operating partner; foodpanda appoints MDAditi Sharma will be the new MD of foodpanda.
Bain-backed chipmaker Kioxia sets price range for Tokyo IPO: reportBain’s efforts to list the company is a test case for buyout firms in Japan.
Bain Capital-backed chipmaker Kioxia has set a tentative price range of 1,390 to 1,520 yen ($9.22 to $10.09) per share for its initial public offering, two people familiar with the matter said. They spoke on condition of anonymity ahead of Kioxia’s regulatory filing expected on Monday. The price range compares with an indicative price of… Continue reading Bain-backed chipmaker Kioxia sets price range for Tokyo IPO: reportBain’s efforts to list the company is a test case for buyout firms in Japan.