A new Model Y built at Giga Texas Tesla is apparently preparing to launch a cheaper version of the Model Y electric SUV, according to an update to its online configurator. In 2022, Tesla’s vehicle lineup remained primarily unchanged in North America. It’s expected to shake up a bit in 2023, especially with the new… Continue reading Tesla prepares launch of a cheaper Model Y electric SUV
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As valuations temper, what’s in store for Asia’s foodtech startups this year?There is “cautious optimism” regarding the sector.
The year 2022 has not been a pleasant one for Thomas Mastrobuoni. The chief investment officer of Big Idea Ventures, a foodtech investment firm backed by Singapore state investor Temasek Holdings, recently found himself for the very first time in a position of having to turn down a pitch without even giving it a look.… Continue reading As valuations temper, what’s in store for Asia’s foodtech startups this year?There is “cautious optimism” regarding the sector.
GIC, Saudi wealth fund to invest $785m in South Korea’s Kakao Entertainment: report
Singapore’s sovereign wealth fund GIC and Saudi Arabia’s Public Investment Fund (PIF) plan to invest $785 million in South Korean entertainment company Kakao Entertainment, The Korea Times reported on Monday. Kakao Entertainment, a subsidiary of South Korean internet company Kakao, plans to use the new capital to accelerate its growth as the company prepares for… Continue reading GIC, Saudi wealth fund to invest $785m in South Korea’s Kakao Entertainment: report
Chinese solar cell encapsulation film maker Sinopont nets $145m in Series D round
Zhejiang Sinopont Technology Co Ltd, a Chinese solar cell encapsulation film producer, has announced the completion of its Series D funding round at 1 billion yuan ($145 million) from investors including GGV Capital and Source Code Capital. CICC Capital, the global private equity (PE) platform of China International Capital Corporation Limited (CICC), and CITIC Securities’… Continue reading Chinese solar cell encapsulation film maker Sinopont nets $145m in Series D round
China’s Sany Heavy Truck closes $145m Series A round to build new-energy vehiclesThree investors, including Hidden Hill Capital, jointly led the deal.
Sany Heavy Truck, a truck manufacturer affiliated with China’s Sany Heavy Industry, has raised almost 1 billion yuan ($145 million) in a Series A round to invest in the R&D of its new-energy heavy-duty trucks. Three investors jointly led the deal, including Hidden Hill Capital, a private equity (PE) arm of global logistics giant GLP;… Continue reading China’s Sany Heavy Truck closes $145m Series A round to build new-energy vehiclesThree investors, including Hidden Hill Capital, jointly led the deal.
Asia Digest: Japan’s D Capital closes first fund at $238m; NSSK exits nursing care firm Welfare Suzuran
A couple of Japanese middle-market private equity firms made major announcements ahead of the new year. While D Capital closed its debut fund at $238 million, Nippon Sangyo Suishin Kiko (NSSK) made an exit from nursing care provider Welfare Suzuran. Japan’s D Capital closes first fund at $238m Japan-based private equity firm D Capital has… Continue reading Asia Digest: Japan’s D Capital closes first fund at $238m; NSSK exits nursing care firm Welfare Suzuran
China’s BYD raises car prices following reduction in subsidies
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China, Singapore widen investor access to each other’s stock markets through ETFs
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Will 2023 be the year things get better for VCs in Asia? Yes and noMany VCs see a pickup in dealmaking activity, but expect difficulties in fundraisin…
2022 turned out to be a chaotic year for the world’s venture investors as war, political tensions and inflation crimped deal flows, stymied fundraising and delayed public listings. Asia, long a prime target for venture investment, has not been immune. After a bruising year, analysts and investors predict 2023 will offer more opportunities in the region, though shaking… Continue reading Will 2023 be the year things get better for VCs in Asia? Yes and noMany VCs see a pickup in dealmaking activity, but expect difficulties in fundraisin…
GIC was the world’s most active state investor in 2022 deploying $39b across 72 deals
Heavy falls in stock and bond markets over the last year have cut the combined value of the world’s sovereign wealth and public pension funds for the first time ever — and to the tune of $2.2 trillion, an annual study of the sector has estimated. The report on state-owned investment vehicles by industry specialist Global… Continue reading GIC was the world’s most active state investor in 2022 deploying $39b across 72 deals