Hamilton Lane has named Kerrine Koh to lead its Singapore, JPMorgan Chase & Co has anointed Wai Mei Hong as senior country officer for the city-state while Thunes has appointed a chief people officer. Hamilton Lane appoints SG office head Nasdaq-listed global alternative asset manager Hamilton Lane announced that it has expanded its presence in Singapore… Continue reading People Digest: Hamilton Lane appoints SG lead; JPMorgan gets senior country officer for SG; Thunes names chief people officer
Category: Tech News
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Advent buys majority interest in Chinese bakery chain Wagas
US-based buyout firm Advent International has acquired a 60% interest in Chinese healthy food and bakery chain Wagas from its founding shareholders for an undisclosed amount, according to a press statement. Wagas, which had been looking to offload its business since last year, was reportedly looking to hit nearly $1.2 billion yuan ($188 million) in… Continue reading Advent buys majority interest in Chinese bakery chain Wagas
PE giant TPG set to hit first close of new Asia fund at over $3b
US private equity firm TPG Inc is set to reach the first close of its new Asia-focused fund at more than $3 billion, two people with direct knowledge of the matter told Reuters. TPG kicked off fundraising of its eighth private equity fund for the region in January, targeting $6 billion, the company said during its March earnings… Continue reading PE giant TPG set to hit first close of new Asia fund at over $3b
Ethereum upgraded to a new blockchain infrastructure. What does that mean for the crypto market?
Image; insta_photos Last week, crypto giant Ethereum achieved a long-awaited milestone and shifted its technological infrastructure to a more environmentally sustainable software. The new infrastructure, called the Merge, reduced Ethereum’s energy consumption by 99%. Despite it being a highly anticipated change in the crypto market, it has its risks. What did Ethereum change? Before we… Continue reading Ethereum upgraded to a new blockchain infrastructure. What does that mean for the crypto market?
Peloton Row hands-on: pretty much what you’d expect
It’s $3,195 Share this story The Peloton Row comes with a 23-inch HD touchscreen that you can swivel for floor workouts.Photo by Victoria Song / The Verge Everybody knew that a Peloton rower was coming. In fact, it’s been rumored for so long that even chief product officer Tom Cortese told The Verge the rower… Continue reading Peloton Row hands-on: pretty much what you’d expect
Tesla is borrowing Autopilot team for Optimus humanoid robot project
Elon Musk said that Tesla is borrowing the Autopilot team for its Optimus humanoid robot project, which has a deadline at the end of the month. The CEO has said that the Tesla Bot project has become a priority. Tesla’s approach to selling Autopilot, and now its Full Self-Driving (FSD) package features before they are… Continue reading Tesla is borrowing Autopilot team for Optimus humanoid robot project
KKR, Hero Group to invest $450m in India’s Hero Future EnergiesKKR has made the investment from its Asia Pacific Infrastructure Fund.
Private equity giant KKR and Hero Group said on Tuesday they have agreed to invest $450 million in the company’s renewable energy arm Hero Future Energies (HFE). The investment is aimed to expand HFE’s renewable energy capacity and capabilities across technologies such as solar, wind, battery storage, and green hydrogen, and into new markets over… Continue reading KKR, Hero Group to invest $450m in India’s Hero Future EnergiesKKR has made the investment from its Asia Pacific Infrastructure Fund.
Singapore allocates $1b to global credit fund managers in a bid to become private markets hub
Singapore’s central bank will be allocating $1 billion to top global private credit fund managers as part of the nation’s efforts to develop itself as a full-service private markets hub. The move is part of an expansion of the private markets programme (PMP), which allocates investment mandates to private equity and infrastructure fund managers who… Continue reading Singapore allocates $1b to global credit fund managers in a bid to become private markets hub
Tencent to pick up a 19.5% stake in Chinese medical device maker Xunjie for $41m
A subsidiary of Tencent Holdings is planning to invest almost 291 million yuan ($41.5 million) in Jiangsu Xunjie Medical Technology, an emergency medical aid firm, in the latest deal made by the Chinese tech giant despite its recent exits from a range of portfolio companies. Xunjie, currently a wholly owned affiliate of China’s publicly listed… Continue reading Tencent to pick up a 19.5% stake in Chinese medical device maker Xunjie for $41m
Thailand Digest: SCB commits $50m to Bank Jasa Jakarta; Zipmex told to update on debt repayment
Bangkok-listed Siam Commercial Bank has invested $50 million, through Sequoia-backed WeLab, in the acquisition of digital bank Jasa Jakarta. Separately, troubled trading platform Zipmex has been ordered to give regulators an update on its moratorium on repayments to creditors by Friday. SCB commits $50m to Bank Jasa Jakarta through WeLab Sky Thailand’s oldest lender, Siam… Continue reading Thailand Digest: SCB commits $50m to Bank Jasa Jakarta; Zipmex told to update on debt repayment