China’s BYD widened its sales lead over Tesla in Singapore in the first half of this year, government data showed, highlighting the challenge facing the world’s biggest electric vehicle maker by sales from Chinese rivals. BYD‘s strong growth in Singapore, one of the region’s smallest auto markets, underscores the Chinese firm’s ambition to dominate the Southeast Asia market, where gasoline car brands from Japan and South Korea are popular… Continue reading China’s BYD races way ahead of Tesla in Singapore in H1
Author: Deal Street Asia Online News
India: IPO-bound Unimech Aerospace raises $30m from Steadview, Evolvence, othersEleven startups operating within aerospace industry collectively raise…
Bengaluru-based Unimech Aerospace has raised about $30 million (Rs 250 crore) in a fresh funding round from investors including Steadview Capital Mauritius Limited, ValueQuest Scale Fund, and Evolvence India Fund IV Ltd, it announced on Wednesday. With the latest infusion, IPO-bound Unimech Aerospace has attained a post-money valuation of Rs 3,250 crore ($388 million), per… Continue reading India: IPO-bound Unimech Aerospace raises $30m from Steadview, Evolvence, othersEleven startups operating within aerospace industry collectively raise…
Xiaomi-backed fund ropes in new LPs to hit $1.4b target
An investment fund backed by smartphone maker Xiaomi has hit its target of 10 billion yuan ($1.4 billion) to back companies in the area of integrated circuits. The vehicle — Beijing Xiaomi Intelligent Manufacturing Equity Investment Fund Partnership — has seen LP contribution increase by 970 million yuan ($133.3 million) to reach the corpus of… Continue reading Xiaomi-backed fund ropes in new LPs to hit $1.4b target
Middle East’s Hades Financial raises $1.6b for crossover fundThe new fund is slated to target global investments in both private and public markets.
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Philippine startup Hive Health closes pre-Series A round backed by Gentree, othersGentree partner Mark Sng will join the startup’s board of directors.
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Indonesian logistics players need to do some heavylifting amid intense price war
Indonesia’s last-mile delivery sector is facing testing times and struggling to stay afloat amid a decline in online shopping habits post-pandemic and a heightened price war that has made it difficult for smaller players to compete, according to industry insiders. Go to Source
Singapore’s GIC posts weakest investment gains in four years
Singapore’s sovereign wealth fund GIC posted an annualised real rate of return of 3.9% for the 20-year period ended March 31, 2024, compared with 4.6% in the previous year, according to its annual report released on Wednesday. The growth, its main performance indicator, was slowest since its 2.7% investment return in 2020. For the 20-year period from… Continue reading Singapore’s GIC posts weakest investment gains in four years
Pro-rata investing still in its infancy in India: Elev8 Venture Partners
Elev8 Venture Partners, which launched India’s first pro-rata fund, believes that pro-rata investing is still in the very early stages of adoption in the country, as the market has just begun to evolve and large funding rounds are gradually gaining traction. “It’s still early days for the Indian market. A couple of years ago, there… Continue reading Pro-rata investing still in its infancy in India: Elev8 Venture Partners
Ant-backed ANEXT Bank remains in red even as revenue up nearly 7x in 2023
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SkyLake to acquire Korean firm BusinessOn in country’s first PE-led SaaS buyoutThe deal values BusinessOn at $258 million.
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