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Author: Deal Street Asia Online News
China Evergrande’s EV share sale deal with Dubai-based NWTN lapsesNeither party agreed on the extension of the long stop date.
A share sale plan between China Evergrande New Energy Vehicle Group, the electric vehicle arm of property developer China Evergrande, and US-listed NWTN has lapsed, according to a Hong Kong stock exchange filing on Monday. As neither party agreed on the extension of the long stop date, which is the last day of 2023, Evergrande… Continue reading China Evergrande’s EV share sale deal with Dubai-based NWTN lapsesNeither party agreed on the extension of the long stop date.
Asia Digest: Hillhouse Capital buys out SK Eco Prime; Micoworks secures Series B round
Private equity firm Hahn & Co has completed its sale of SK Eco Prime to Hillhouse Capital, while Japanese startup Micoworks has raised about $24.5 million in Series B funding. South Korean PE firm Hahn & Co exits SK Eco Prime Singapore-headquartered private equity firm Hillhouse Capital has acquired a 100% stake in biodiesel manufacturer… Continue reading Asia Digest: Hillhouse Capital buys out SK Eco Prime; Micoworks secures Series B round
Tesla rolls out record cars in Q4, but China’s BYD overtakes in EV race
Tesla delivered a record number of electric vehicles in the fourth quarter, beating market estimates and meeting its 2023 target, but lost its spot as the top EV maker to China’s BYD. Tesla delivered 494,989 EVs in the October-to-December period, falling short of the 526,409 vehicles that Warren Buffett-backed BYD handed over – mostly in… Continue reading Tesla rolls out record cars in Q4, but China’s BYD overtakes in EV race
China-focused GPs make a final sprint in RMB fundraising at fag end of 2023State LPs have risen to become a key LP group for China-focused fund manage…
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The LP View: SE Asian fund managers have realised the benefits of meeting ESG standards
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PLDT, GIC-KKR joint entity double down on Philippine tech unicorn Voyager Innovations
Telco giant PLDT and Vision Investment Holdings, a joint entity between private equity major KKR and Singapore sovereign wealth fund GIC, have doubled down on Philippine-based unicorn Voyager Innovations, operator of the digital lender Maya Bank, according to regulatory filings. Go to Source
AllianceBernstein obtains China mutual fund business licence
U.S.-based AllianceBernstein Holding LP has obtained a license to run its wholly-owned mutual fund business in China, the company said on Tuesday, making it the latest foreign asset manager to tap China’s $3.8 trillion mutual fund market. “AllianceBernstein will offer Chinese investors onshore investment products and solutions, and help them explore opportunities in China’s domestic… Continue reading AllianceBernstein obtains China mutual fund business licence
Bitcoin crosses $45,000 for first time since April 2022
Bitcoin stormed above $45,000 on Tuesday for the first time since April 2022 as the world’s biggest cryptocurrency started the New Year with a bang, buoyed by optimism around the possible approval of exchange-traded spot bitcoin funds. Bitcoin touched a 21-month peak of $45,532, having gained 156% last year in its strongest yearly performance since… Continue reading Bitcoin crosses $45,000 for first time since April 2022
India’s Vodafone Idea denies tie-up talks with Musk’s Starlink
India’s Vodafone Idea is not in talks to tie up with billionaire Elon Musk’s satellite internet company Starlink, the telecom operator said on Tuesday, dashing hopes of a revival in the debt-ridden company that had sent its stock soaring. The clarification came after Vodafone Ideas’ stock surged in the past two sessions on what business… Continue reading India’s Vodafone Idea denies tie-up talks with Musk’s Starlink