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Author: Deal Street Asia Online News
Alternative investors diversify into Japan, India, Korea as China loses sheen: PreqinOut of $14.8b raised for PE investments in APAC in Q2, $5b is ear…
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Japan’s Aeon Entertainment inks JV with Vietnam cinema operator Beta MediaThe JV is weighing an investment of $198m in Vietnam.
Vietnam-based cinema operator Beta Media and Japan’s biggest cinema chain Aeon Entertainment have launched a new joint venture, which is considering investing 5 trillion dong ($198 million) in building more than 50 premium cinema complexes by 2035, as well as developing a film production business under the Aeon Beta brand. The first Aeon Beta Cinema… Continue reading Japan’s Aeon Entertainment inks JV with Vietnam cinema operator Beta MediaThe JV is weighing an investment of $198m in Vietnam.
KKR’s net income soars by 49% in Q2 on higher feesThe company reported record fee-related earnings of $755m, up 25% YoY.
Private equity group KKR & Co said on Wednesday its second-quarter adjusted net income jumped 49% year-on-year, driven by an increase in management, transaction, and performance fees, as well as earnings from its annuities business. KKR‘s adjusted net income rose to $972 million from $653 million a year earlier. This translated into adjusted net income per share… Continue reading KKR’s net income soars by 49% in Q2 on higher feesThe company reported record fee-related earnings of $755m, up 25% YoY.
GalaxyEye secures $6.5m, expects to raise more to propel satellite launchSpeciale Invest and Mela Ventures led the round.
GalaxyEye, an Indian space tech startup that aims to launch its first satellite next year, has raised $6.5 million in its Series A round of funding, with plans to raise more capital in the coming months. The round was led by Speciale Invest and Mela Ventures. While Speciale Invest has backed other spacetech startups such… Continue reading GalaxyEye secures $6.5m, expects to raise more to propel satellite launchSpeciale Invest and Mela Ventures led the round.
US mulls new rules to restrict Hynix, Samsung from supplying AI chips to ChinaMove to restrict supply of HBM chips.
The US is considering unilateral restrictions on China’s access to AI memory chips such as those made by Micron Technology and SK Hynix and equipment capable of making such semiconductors, as soon as next month, Bloomberg News reported on Wednesday. The measures are meant to prevent Micron, and South Korea’s SK Hynix and Samsung from… Continue reading US mulls new rules to restrict Hynix, Samsung from supplying AI chips to ChinaMove to restrict supply of HBM chips.
Chinese auto chip maker Black Sesame to raise $144m via Hong Kong IPOIt is the second company seeking to go public in the city under new listing rules…
China’s Black Sesame International is seeking to raise up to $144 million through an initial public offering (IPO) on the Hong Kong stock exchange, a filing showed on Wednesday. Black Sesame is the second company seeking to go public in the city under new listing rules for specialist technology companies, after Tencent-backed QuantumPharm raised HK$987… Continue reading Chinese auto chip maker Black Sesame to raise $144m via Hong Kong IPOIt is the second company seeking to go public in the city under new listing rules…
Singapore IoT startup Beep raises $3.3m funding and other SE Asia dealsGranite Asia, formerly GGV Capital, anchored the pre-Series A round.
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MENA’s Shorooq Partners leads $20m Series A funding for AI startup IntelmatixIntelmatix was founded in 2021 but only launched its enterprise AI platfo…
Abu Dhabi-based alternative investment manager Shorooq Partners has anchored the $20 million Series A funding for Intelmatix, a MENA (Middle East and North Africa)-focused deep tech B2B startup. The round, which, in the words of Intelmatix, is the largest Series A round in the MENA region for an Ai company, was also backed by public… Continue reading MENA’s Shorooq Partners leads $20m Series A funding for AI startup IntelmatixIntelmatix was founded in 2021 but only launched its enterprise AI platfo…
Microsoft’s downbeat cloud forecast signals AI bet will take longer to pay offThe company has been investing heavily to expand its data centres.
Microsoft predicted quarterly growth for its Azure cloud platform below estimates on Tuesday and said its capital spending would rise this fiscal year, in another sign the payoff in hefty AI investments may take longer than first thought. Shares fell 7% after the company gave the spending forecast on a call with analysts but quickly… Continue reading Microsoft’s downbeat cloud forecast signals AI bet will take longer to pay offThe company has been investing heavily to expand its data centres.