Insurer Taiwan Life, a part of CTBC Financial Holdings, has committed $30 million to the third global infrastructure fund of Morgan Stanley Infrastructure Partners (MSIP). In a filing to the Taiwan Stock Exchange, the insurer said its commitment will give it about 0.50% of North Haven Infrastructure Partners IV SCSp, the latest fund of Morgan… Continue reading Taiwan Life commits $30m to Morgan Stanley’s fourth global infra fund
Category: Tech News
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SE Asia is the market of choice for PE firms as China fever ebbs, but challenges abound
(Left to right) Andrea Campagnoli (moderator), partner, Bain & Co; Bert Kwan, head of private equity, Silverhorn; Kerry Goh, founder, CEO and chief investment officer, Kamet Capital; Thomas Lanyi, head, Southeast Asia, CDH Investment Advisory; and Wei Jian Tor, managing director, EQT Private Equity. Go to Source
KKR’s tender offer for Hitachi Transport to be delayed beyond end-Sept
Japan’s Hitachi Transport System Ltd said on Thursday it had been informed by KKR & Co that the private equity firm’s tender offer for it would be delayed from the initially planned end-September start. In a statement, Hitachi Ltd’s logistics arm cited KKR as saying it would now aim for a mid-November start pending regulatory approval and other processes. KKR… Continue reading KKR’s tender offer for Hitachi Transport to be delayed beyond end-Sept
How China’s state-backed Silk Road Fund has raised its global profile
In mid-September, the ancient Silk Road city of Samarkand, Uzbekistan was thrust into the spotlight as leaders of member nations of the Shanghai Cooperation Organisation (SCO) convened for their annual summit. For visitors, one particular venue should have left an impression — the Silk Road Samarkand, a sprawling brand new complex that served as the conference venue… Continue reading How China’s state-backed Silk Road Fund has raised its global profile
Eufy’s impressive new smart cameras use AI to identify you and your pets
/ The Edge Security System leverages machine-learning for facial recognition, people, pet, and vehicle detection on its new 4K cameras. It also has free, local storage and is backward-compatible with most existing Eufy cameras. Image: Eufy Smart home company Eufy’s new wireless security camera, the EufyCam 3, bumps up the resolution to 4K and adds… Continue reading Eufy’s impressive new smart cameras use AI to identify you and your pets
ONE Championship expects profitability in 3 years even as losses balloon in 2021ACRA filings show that ONE’s annual losses for 2021 jumped 125% to $11…
ONE Championship continues to remain optimistic on its profitability targets even after the Asian mixed martial arts promoter more than doubled its annual losses in 2021. Recent filings to Singapore’s Accounting and Corporate Regulatory Authority (ACRA) show that ONE’s annual losses for 2021 jumped 125% to $111 million compared to the same period in 2020.… Continue reading ONE Championship expects profitability in 3 years even as losses balloon in 2021ACRA filings show that ONE’s annual losses for 2021 jumped 125% to $11…
China offers loans of $42b for infrastructure spending
China has distributed an additional 300 billion yuan ($42 billion) allocated for infrastructure projects through three state policy banks as of Wednesday, the official Securities Times reported on Thursday. The increased funding was part of policymakers’ support to spur growth in the world’s second-biggest economy by issuing debt to fund big public works projects. China‘s cabinet… Continue reading China offers loans of $42b for infrastructure spending
Credit Suisse names Jing Wang as China securities venture CEO
Credit Suisse Group AG has named veteran banker Jing Wang as chief executive officer of its Chinese securities joint venture effective immediately, according to an internal memo reviewed by Reuters on Thursday. Wang recently worked as the bank’s head of China onshore wealth management. A Credit Suisse spokesperson confirmed the contents of the memo. The China joint venture, Credit Suisse Securities (China) Ltd,… Continue reading Credit Suisse names Jing Wang as China securities venture CEO
Blackrock, Indonesia’s INA, others to provide $300m financing facility for Traveloka
Indonesia Investment Authority (INA), the country’s sovereign wealth fund, has signed a $300-million financing facility with online travel agent Traveloka, according to a press statement on Thursday. BlackRock, Allianz Global Investors, Orion Capital Asia were among the other investors who joined the financing round. DealStreetAsia reported in June that INA was in talks to join… Continue reading Blackrock, Indonesia’s INA, others to provide $300m financing facility for Traveloka
New York follows California mandating zero-emissions vehicles by 2035
All new passenger cars, pickup trucks and SUVs sold in New York state must be zero emissions by 2035, Governor Kathy Hochul announced Thursday. “By revving up our clean transportation transition and making major investments to make EVs more accessible, we’re supercharging our fight against climate change,” Hochul tweeted. NEW: All new vehicles sold in… Continue reading New York follows California mandating zero-emissions vehicles by 2035