Vietnamese EV maker VinFast has tapped Otoklix as its service provider for customers in Indonesia while global asset manager Barings has provided credit to Permaconn. Vietnam’s VinFast partners with Otoklix in Indonesia Vietnamese electric vehicle (EV) maker VinFast has partnered with Otoklix in Indonesia to serve as its authorised service provider for customers in the… Continue reading Asia Digest: VinFast partners with Otoklix in Indonesia; Barings provides credit facility to Permaconn
Author: Deal Street Asia Online News
China’s RMB market thrives, but challenges hinder its full potentialFifteen China-focused RMB funds mopped up $3.3b in H1 2024, according to Preqin da…
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The LP View: Pricing, GP alignment key to driving VC secondaries in SE Asia
While secondaries are expected to gain momentum as both limited partners (LPs) and fund managers (or GPs) want to prioritise liquidity amid a bleak exit environment, it might take time for such transactions to become mainstream in Southeast Asia’s venture capital (VC) space. Go to Source
Charticle: M&A deal volume of most active sector in SE Asia halved in 2023
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India grabs fourth spot in global tech startup funding charts: Tracxn
India emerged as the fourth highest-funded country in the global tech startup ecosystem during the first half of this year, with startups raking in a whopping $4.1 billion from private equity (PE) and venture capital (VC) investors, showed data available with Tracxn. While this was only a marginal 3.5% increase from H2 2023, it indicates… Continue reading India grabs fourth spot in global tech startup funding charts: Tracxn
Bain-backed Emcure Pharma’s $234m India IPO draws $11b in bidsEmcure is going public in India’s red-hot IPO market where over 100 firms raised $4.6b s…
India’s Emcure Pharmaceuticals drew strong interest for its $234 million initial public offering (IPO) as investors bet on its slate of women’s healthcare and HIV treatments to drive growth in a high-margin market. The Bain Capital-backed company’s IPO was fully subscribed on the first day of bidding and over the three-day process, it got bids worth up… Continue reading Bain-backed Emcure Pharma’s $234m India IPO draws $11b in bidsEmcure is going public in India’s red-hot IPO market where over 100 firms raised $4.6b s…
Bitcoin faces worst weekly slide in a year on Mt. Gox’s repayment fears
Bitcoin was set for its biggest weekly fall in nearly a year on Friday, as traders fretted over the likely dumping of tokens from defunct Japanese exchange Mt. Gox and further selling by leveraged players after the cryptocurrency’s strong run. The price of the world’s largest cryptocurrency slid as much as 8% on the day… Continue reading Bitcoin faces worst weekly slide in a year on Mt. Gox’s repayment fears
Valuation reset sets the stage for tech IPO revival in Indonesia
FILE PHOTO: A worker wearing a protective mask cleans the floor near an electronic board displaying the stock market index at the Indonesia Stock Exchange (IDX), as the outbreak of the coronavirus disease (COVID-19) continues, in Jakarta, Indonesia, September 8, 2020. REUTERS/Willy Kurniawan Go to Source
BYD’s deep discounting on EVs triggers backlash in Thailand
Thailand’s consumer protection agency has received about 70 complaints since initiating a probe into aggressive discounting by BYD dealers that has left some buyers feeling they overpaid for their Chinese electric vehicles. Prime Minister Srettha Thavisin told BYD Chief Executive Wang Chuanfu, who was in Thailand to mark the opening of its first Southeast Asian… Continue reading BYD’s deep discounting on EVs triggers backlash in Thailand
Asia Digest: Eureka Acquisition raises $50m in US IPO; Saison International invests $14m in two Mongolian banksEureka offered 5 million units at $10 a…
Blank cheque firm Eureka Acquisition has raised $50 million in its initial public offering in the US while Saison International has disbursed loans to two Mongolian banks. Asia-focused SPAC Eureka Acquisition raises $50m in US IPO Eureka Acquisition, a special purpose acquisition company (SPAC) that targets businesses in Asia, including China, has raised $50 million… Continue reading Asia Digest: Eureka Acquisition raises $50m in US IPO; Saison International invests $14m in two Mongolian banksEureka offered 5 million units at $10 a…