Manulife Investment Management (IM), the global wealth and asset management division of the Canadian insurance giant, remains bullish on certain segments of the China market, unlike several investors who are looking at alternative geographies to invest in Asia. “In the past… China accounted for 40-50% of Asian markets. But now, China has a weaker appeal…,”… Continue reading The LP View: Manulife IM still sees pockets of opportunities in China
Author: Deal Street Asia Online News
Vietnam’s VinFast receives $135m green financing led by ADBVinFast is developing Vietnam’s first fully-electric public transport bus fleet.
Vietnamese carmaker VinFast has received $135 million in financing led by the Asian Development Bank (ADB) to support the manufacturing of its fully-electric public transport bus fleet and national electric vehicle (EV) charging network. The financing will enable VinFast to achieve net-zero greenhouse gas emissions, according to a statement released on Monday. The climate financing… Continue reading Vietnam’s VinFast receives $135m green financing led by ADBVinFast is developing Vietnam’s first fully-electric public transport bus fleet.
KKR, Mubadala to co-invest at least $1b in APAC private credit strategy
Global private equity powerhouse KKR and Abu Dhabi sovereign wealth fund Mubadala Investment Company have announced a strategic partnership that will see both firms co-investing across private credit opportunities in the Asia Pacific region. The partnership aims to deploy at least $1 billion of long-term capital, according to a statement. Mubadala will deploy its capital… Continue reading KKR, Mubadala to co-invest at least $1b in APAC private credit strategy
Saudi’s Sidra Capital, BlackRock hold first close of APAC PE strategy
Saudi alternative asset manager Sidra Capital and BlackRock Alternatives have joined hands to hold the first close of the Sidra-BlackRock Asia-Pacific Private Equity Strategy, which will invest in Shariah-compliant private equity opportunities in the Asia-Pacific (APAC). The programme seeks to “access leading managers with compelling transactions” across the region, Sidra said in a statement. While… Continue reading Saudi’s Sidra Capital, BlackRock hold first close of APAC PE strategy
SALT Ventures to launch $150m third fund, reinvents itself as ‘venture equity’The firm is targeting the first close in Q1 buoyed by interest from fami…
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China’s big data analytics firm Wenge snaps up $69m in Series E roundThe round was led by state-owned investment firms.
China’s big data analytics firm Wenge Group, known as Zhongke Wenge, has bagged over 500 million yuan ($69 million) in a Series E round led by state-owned investment firms including National Manufacturing Transformation and Upgrading Fund, CCTV Media Industry Investment Fund, and Zhongguancun Science City. Return backers Infotech ventures, Hengbang Capital, and the Chinese Academy… Continue reading China’s big data analytics firm Wenge snaps up $69m in Series E roundThe round was led by state-owned investment firms.
Indian PE firm Gaja Capital set to close fourth fund at $400m soon
India-focused mid-market private equity (PE) firm Gaja Capital has raised as much as $202 million as it gears up to make the final closing of its fourth fund, per a new filing with the US Securities and Exchange Commission (SEC). While the total amount sold to US investors is $7 million, the amount sold to… Continue reading Indian PE firm Gaja Capital set to close fourth fund at $400m soon
Dutch payments giant Adyen to push further into Asia
Amsterdam-based payment company Adyen aims to expand its footprint in Asia, with plans to increase its headcount — from software engineers to salespeople — as well as to acquire the necessary financial licenses, according to Chief Operating Officer Kamran Zaki, as the company seeks to diversify its revenue in the world’s fastest-growing region. “Over the… Continue reading Dutch payments giant Adyen to push further into Asia
Nasdaq halts IPOs of small Chinese companies as it probes stock rallies
Nasdaq Inc has put the brakes on initial public offering (IPO) preparations of at least four small Chinese companies while it investigates short-lived stock rallies of such firms following their debuts, according to lawyers and bankers who work on such stock launches. The stock exchange operator’s actions come amid a surge in the shares of Chinese… Continue reading Nasdaq halts IPOs of small Chinese companies as it probes stock rallies
Saudi Arabia launches bid to attract $10b in supply chain investment
Saudi Arabia’s crown prince on Sunday launched an initiative to attract investments in supply chains to and from the kingdom, with an aim of raising an initial 40 billion riyals ($10.64 billion). The initiative by Prince Mohammed bin Salman will include allocating about 10 billion riyals in incentives for supply chain investors, state news agency SPA… Continue reading Saudi Arabia launches bid to attract $10b in supply chain investment