Fund managers and technology platforms across Asia are pushing to make private market assets such as private equity and venture capital accessible for retail investors. Tapping private wealth for private equity fundraising has started to gain steam in Asia, and industry experts believe the trend is here to stay. Go to Source
Author: Deal Street Asia Online News
At least 65 Indian startups waiting to turn unicorn next year… will they get lucky?
Amid the current macroeconomic uncertainty and funding winter in the startup ecosystem, all eyes are on India’s growing ‘soonicorn list’, which signals the market’s enormous potential to build big, disruptive businesses in the long term. According to Tracxn Geo Annual Report-India Tech 2022, as many as 65 startups in the country are currently waiting in… Continue reading At least 65 Indian startups waiting to turn unicorn next year… will they get lucky?
Investors bet on greed and fear as COVID grip loosens in China
Investors caught off-guard by China‘s dramatic COVID policy pivot are betting on both greed and fear as the economy starts to gradually reopen, snapping up shares in businesses from travel agencies and casinos to funeral companies. The dismantling of three years of COVID curbs this week sparked a rally in the shares of liquor producer Kweichow Moutai Co and China Southern Airlines, seen likely to benefit from potential… Continue reading Investors bet on greed and fear as COVID grip loosens in China
PwC plans to invests $140m in China tourist hub for learning centre
PwC said on Saturday it plans to invest more than 1 billion yuan ($140 million) to establish an education and innovation centre China‘s island province of Hainan, a tourism hub. The Reimagine Park project, to occupy 16 acres in Sanya in the Chinese southern province, is due to open in 2025. “I have absolutely no doubt the China market will rebound,”… Continue reading PwC plans to invests $140m in China tourist hub for learning centre
Vietnam’s Earth VC closes three deals, looks to seal seven more by Q2 2023Earth VC closed its debut fund in March.
Vietnam-based climate impact fund Earth Venture Capital (Earth VC) has closed three investments in Singapore- and Hong Kong-based startups and is looking to finalise seven more deals by the second quarter of 2023, according to a top executive of the firm. The firm’s first three portfolio companies operate in the fields of the Internet of… Continue reading Vietnam’s Earth VC closes three deals, looks to seal seven more by Q2 2023Earth VC closed its debut fund in March.
India’s Paytm surges on buyback plan but analysts flag profitability concernsThe digital payment solutions startup has seen its stock plunge around 74…
Paytm‘s stock surged over 7% on Friday after it announced plans to consider a share buyback, but analysts warned it would not bring long-term relief to investors as concerns around the Indian firm’s slow path to profitability remained. The provider of digital payment solutions has seen its stock plunge around 74% since its mega $2.5… Continue reading India’s Paytm surges on buyback plan but analysts flag profitability concernsThe digital payment solutions startup has seen its stock plunge around 74…
FTX founder Bankman-Fried says ‘willing to testify’ before US House panelUS authorities are understood to have sought information from investors and p…
FTX’s Sam Bankman-Fried is willing to testify before the U.S. House Committee on Dec. 13, the cryptocurrency exchange’s founder said in a tweet on Friday, as regulators investigate his role in the wake of its collapse. A day earlier House Financial Services Committee Chairwoman Maxine Waters told Reuters that she is prepared to subpoena Bankman-Fried… Continue reading FTX founder Bankman-Fried says ‘willing to testify’ before US House panelUS authorities are understood to have sought information from investors and p…
Fidelity gets Chinese regulatory approval for retail fund business
Fidelity International (FIL) has secured Chinese regulatory approval to conduct business in China’s $3.7 trillion mutual fund industry. The China Securities Regulatory Commission granted a licence that enables the firm to offer onshore investment products and solutions to retail clients and asset management services to institutional clients in China, the company said in a statement on… Continue reading Fidelity gets Chinese regulatory approval for retail fund business
Turkish quick delivery company Getir to buy rival Gorillas in $1.2b deal
Turkish fast delivery company Getir completed its purchase of German rival Gorillas in a deal worth $1.2 billion that it said put it in a leading position in consolidation in the sector, the company said on Friday. Serkan Borancili, who founded Istanbul-based Getir in 2015, shared the price tag on Twitter and said the combined… Continue reading Turkish quick delivery company Getir to buy rival Gorillas in $1.2b deal
India’s Snapdeal to shelve $152m IPO amid tech routThe latest casualty of a meltdown in tech stocks that has soured investor sentiment
SoftBank-backed Indian e-commerce firm Snapdeal has decided to pull the plug on its $152 million IPO, the company told Reuters, making it the latest casualty of a meltdown in tech stocks that has soured investor sentiment. Snapdeal filed its initial public offering (IPO) regulatory papers for approval in December 2021, a year that saw many stock… Continue reading India’s Snapdeal to shelve $152m IPO amid tech routThe latest casualty of a meltdown in tech stocks that has soured investor sentiment