Japanese companies, including Nippon Telegraph and Telephone Corp (NTT) and Kioxia Holdings Corp, have decided to invest in a new government-backed company that aims to mass-produce next-generation logic semiconductors, TV Tokyo reported on Thursday. Other companies, including Toyota Motor Corp, Sony Group, SoftBank and Denso Corp, also plan to invest about 1 billion yen ($6.84… Continue reading NTT, Kioxia to invest in new Japanese govt-backed semiconductor firmThe company will aim to mass-produce next-generation logic semiconductors.
Author: Deal Street Asia Online News
Singapore’s CapitaLand builds $552m RMB funds to invest in China’s business parks
Singapore-based CapitaLand Investment (CLI), a global real estate investment manager, has set up new RMB-denominated funds with about 4 billion yuan ($551.5 million) in total managed capital to invest in business park opportunities in China. CapitaLand, which started RMB fundraising and management in June 2021, established the 380-million-yuan China Business Park Core RMB Fund I… Continue reading Singapore’s CapitaLand builds $552m RMB funds to invest in China’s business parks
China amends rules for management of state-run bailout funds for insurers
China has amended rules for the management of state-run bailout funds rescuing troubled insurers, its financial regulators said on Thursday. The rules aim to promote healthy development of the insurance industry, prevent and resolve financial risks, and maintain financial stability, the China Banking and Insurance Regulatory Commission said in a statement on its website. China Insurance Security Fund Co Ltd, which played a key role in bailing out fallen Anbang Insurance Group Co Ltd, is… Continue reading China amends rules for management of state-run bailout funds for insurers
Indonesia plans to task OJK with crypto market regulation
Indonesia plans to move the regulation, supervision, and oversight of cryptocurrency investments to the Financial Service Authority (OJK) to better protect investors, its finance minister said on Thursday. Currently, the Trade Ministry and the Commodity Futures Trading Regulatory Agency jointly oversee cryptocurrency in Southeast Asia’s largest economy, where there has been a boom in such investments. The new plan, laid out by… Continue reading Indonesia plans to task OJK with crypto market regulation
Global PE giant TPG hits $3.4b first close for new Asia fund
US-based alternative investment firm TPG has completed a $3.4-billion first close of its latest Asia fund, which targets a $6-billion corpus, the firm said during its Q3 2022 earnings call. TPG Capital Asia VIII was launched earlier this year, three years after the firm raised $4.6 billion for its seventh Asia-focused buyout vehicle. TPG said it… Continue reading Global PE giant TPG hits $3.4b first close for new Asia fund
Ex-Venturra exec’s Ansible Ventures raises $8m for first close of debut fund
Ho Chi Minh City-based early-stage venture capital firm Ansible Ventures has secured $8 million for the first close of its inaugural fund, according to a statement. Ansible Ventures was founded in June 2022 by Valerie Van Vu, who was previously Vietnam head of investments at Venturra, in partnership with Asian multi-family office Alto Partners. The… Continue reading Ex-Venturra exec’s Ansible Ventures raises $8m for first close of debut fund
Sequoia marks down its investment in embattled crypto bourse FTX to zero
Sequoia Capital has marked down its investment in the embattled crypto exchange FTX to zero, according to a note shared by the firm with its limited partners (LPs) on Thursday. “Sequoia Capital’s exposure to FTX is limited. We own FTX.com and FTX US in one private fund, Global Growth Fund III. Our $150 million cost… Continue reading Sequoia marks down its investment in embattled crypto bourse FTX to zero
Singapore jobs portal FastCo raises $7.5m Series A fundingOSK Ventures International (OSKVI) led the latest tranche of Series A.
FastCo, a Singapore-based company behind job portals FastJobs and FastGig, has raised S$4.7 million ($3.4 million) in the extension of its Series A funding round, which brought the total round to S$10.5 million ($7.5 million). Malaysia-based investment firm OSK Ventures International (OSKVI) led the round, which was joined by existing investor Cento Ventures and new… Continue reading Singapore jobs portal FastCo raises $7.5m Series A fundingOSK Ventures International (OSKVI) led the latest tranche of Series A.
Data Vantage: Novelship, Borneo pocket funding; NEON, Cleantech Solar report financials
Novelship, a Singapore-based sneaker and streetwear marketplace, received $9.5 million this week from East Ventures, GSR Ventures and iGlobe Partners in Series A funding. The round was announced in May. In a separate transaction concluded this week, the startup allotted shares worth $12.2 million to convertible noteholders, including its Series A investors, Rocket Internet, Global… Continue reading Data Vantage: Novelship, Borneo pocket funding; NEON, Cleantech Solar report financials
Tesla stock hits 2-year low after Musk sells $4b worth of sharesThe latest sale brings the total amount of Tesla stock sold by Musk since last Novembe…
Tesla Inc shares slid to their lowest level in nearly two years on Wednesday after Chief Executive Elon Musk disclosed he sold another $3.95 billion worth of shares in the electric-vehicle maker. Shares ended down 7.2% at $177.59, the lowest level since Nov. 23, 2020. Musk’s latest share sale fueled jitters about the fallout of… Continue reading Tesla stock hits 2-year low after Musk sells $4b worth of sharesThe latest sale brings the total amount of Tesla stock sold by Musk since last Novembe…