Author: Deal Street Asia Online News

Edelweiss Alternatives raises $1b for third special situations fund

Edelweiss Alternatives, a unit of India’s Edelweiss Group, said it has raised $1 billion (Rs 8,000 crore) for the third generation of its special situations strategy. Over the past 12 months, Edelweiss Alternatives has invested in deals worth over $400 million (Rs. 3,000 crore) from its third-generation fund, representing over 40% of the total amount… Continue reading Edelweiss Alternatives raises $1b for third special situations fund

Peak XV’s Surge unveils 9th cohort of 13 startups across AsiaSurge 09 features 32 founders across 13 startups – four from SE Asia, seven from India, a…

Peak XV’s rapid scale-up programme for early-stage startups, Surge, has launched its ninth cohort of early-stage startups that include, for the first time, Australia-based companies. Surge 09 features 32 founders across 13 startups – four from Southeast Asia, seven from India, and two from Australia. More than 75% of the startups are building for global… Continue reading Peak XV’s Surge unveils 9th cohort of 13 startups across AsiaSurge 09 features 32 founders across 13 startups – four from SE Asia, seven from India, a…

Vantage Point: GoTo has big plans for GoPay while several tech boom businesses fold up in Indonesia

This weekly newsletter chronicles top digital themes and trends playing out in SE Asia, especially Indonesia. We will decode policy and game-changer regulatory changes affecting digital economy sectors, crunch earnings data of top players, track developments related to gig economy workers and attempt to piece together ecosystem buildouts in some of the fastest-growing, venture-backed plays.… Continue reading Vantage Point: GoTo has big plans for GoPay while several tech boom businesses fold up in Indonesia

US chip curbs give Huawei a chance to fill the Nvidia void in China

U.S. measures to limit the export of advanced artificial intelligence (AI) chips to China may create an opening for Huawei Technologies to expand in its $7 billion home market as the curbs force Nvidia to retreat, analysts say. While Nvidia has historically been the leading provider of AI chips in China with a market share… Continue reading US chip curbs give Huawei a chance to fill the Nvidia void in China

Three listed Chinese firms used endangered animal parts as ingredients: Report

Three publicly traded Chinese drugmakers which count global banks such as UBS and HSBC as investors have used parts of endangered animals as ingredients in their products, an environmental group said. In a report published Monday, the London-based Environmental Investigation Agency urged global investors in the three firms – Beijing Tong Ren Tang group, Tianjin… Continue reading Three listed Chinese firms used endangered animal parts as ingredients: Report