Indonesia-listed tech giant PT GoTo Gojek Tokopedia Tbk (GoTo) on Thursday announced that it has appointed William Xiong as its new group chief technology officer (CTO). William joins GoTo from Alibaba where he served as vice-president of Alibaba Cloud, general manager of Enterprise Service Cloud, and general manager of International Industry Solution Development. William’s appointment… Continue reading Indonesian tech giant GoTo names William Xiong as new group CTOWilliam joins GoTo from Alibaba where he served as vice-president of Alibaba Cloud.
Author: Deal Street Asia Online News
Indian govt plans to sell 7% stake in renewable energy lender IREDAThe government has approved the company’s plans to raise up to $538 million through…
The Indian government aims to sell a 7% stake in the Indian Renewable Energy Development Agency (IREDA) via an institutional share sale, the renewables lender said on Wednesday. The government, which held a 75% stake as of June-end in IREDA, has approved the company’s plans to raise up to 45 billion rupees ($538 million) through qualified institutional placement (QIP). This… Continue reading Indian govt plans to sell 7% stake in renewable energy lender IREDAThe government has approved the company’s plans to raise up to $538 million through…
Mynt-backer Bow Wave Capital makes another close of PH-focused fundASP Philippines last made a partial close in 2021 at $68.6m.
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India Digest: e6data, AltiusHub, Bluecopa raise fundingThe round was led by Accel with participation from Beenext and others.
e6data has raised $10 million in its Series A funding round led by Accel; AltiusHub has raised $2.25 million in its seed funding round led by Endiya Partners; while Bluecopa has raised $1.8 million in its pre-Series A round. e6data raises $10m Series A funding Data intelligence platform e6data has raised $10 million in its… Continue reading India Digest: e6data, AltiusHub, Bluecopa raise fundingThe round was led by Accel with participation from Beenext and others.
Chinese insurance broker Yuanbao files for US IPO amid reviving investor appetiteZeekr’s debut on the NYSE earlier this year was the first big listing…
Chinese insurance broker Yuanbao on Tuesday filed for an initial public offering in the United States, signaling a broader recovery in investor appetite for new listings. IPOs in the U.S. are experiencing a reasonably stronger year after a prolonged dry spell as more companies test the market, encouraged by the strong performance of high-profile listings like Reddit,… Continue reading Chinese insurance broker Yuanbao files for US IPO amid reviving investor appetiteZeekr’s debut on the NYSE earlier this year was the first big listing…
Microsoft, BlackRock to launch $30 billion fund for AI infrastructureMGX, the Abu Dhabi-backed investment company, will be a general partner in the fu…
BlackRock and Microsoft plan to launch a more than $30 billion fund to invest in artificial intelligence infrastructure to build data centers and energy projects, the companies said on Tuesday. AI models, especially those used for deep learning and large-scale data processing, require substantial computational power, leading to higher energy consumption. The computing requirements for AI… Continue reading Microsoft, BlackRock to launch $30 billion fund for AI infrastructureMGX, the Abu Dhabi-backed investment company, will be a general partner in the fu…
Bain to buy out Japanese logistics group Trancom in $706m dealTrancom to go private to gain more flexibility amid a tougher trucking industry.
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Slow exits cast a pall over Asia’s PE market, but growth potential intactDealmakers underlined the need for disciplined and focused investment strateg…
The continuing slowdown in exit activity has been a key reason for turbulence in private equity (PE) dealmaking in Asia, according to leading industry executives at the Asia PE-VC Summit 2024. In the conference’s opening session on Tuesday, titled “Big picture: How to navigate PE in Asia amid turbulent times”, dealmakers from Partners Group, KKR,… Continue reading Slow exits cast a pall over Asia’s PE market, but growth potential intactDealmakers underlined the need for disciplined and focused investment strateg…
Temasek-backed 65 Equity Partners acquires minority stake in Kendra ScottKendra Scott, the brand’s founder, will continue to hold the majority stake i…
65 Equity Partners, a global investment firm backed by Singapore’s state-owned investor Temasek, has acquired a minority stake in lifestyle and accessories brand Kendra Scott Designs Inc. The announcement did not disclose the financial details of the acquisition. 65 Equity Partners said Kendra Scott, the brand’s founder, will continue to hold the majority stake in… Continue reading Temasek-backed 65 Equity Partners acquires minority stake in Kendra ScottKendra Scott, the brand’s founder, will continue to hold the majority stake i…
SE Asia’s potential for mid-market private equity holds promise despite macro risksTo stand out in the mid-market segment, investors called for value …
As Southeast Asia gains prominence in the global private equity landscape, the region’s mid-market segment, especially, shows bright prospects, according to seasoned investors. “In Southeast Asia, we are beginning to see a lot of positive trends. The demographic dividend is taking shape. You have seen a lot of the young population entering the workforce, and… Continue reading SE Asia’s potential for mid-market private equity holds promise despite macro risksTo stand out in the mid-market segment, investors called for value …