The Indonesian government plans to launch a new economy board on its stock exchange (IDX) by the end of the third quarter this year as it looks to attract more unicorns to list on the bourse. I Gede Nyoman Yetna, corporate appraisal director at IDX, said that the finer nuances of the new economy board… Continue reading Indonesia’s IDX to launch new economy board by Q3 to attract more unicorn listings
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The Sylvan Group leverages Asian business family links for $400m debut fund
With pandemic-related restrictions of the last two years beginning to ease, Scott Jeun, managing partner and co-founder of The Sylvan Group, is officially hitting the fundraising trail for the private equity firm’s maiden, $400-million fund. To be sure, the firm has already secured half of the target corpus of Sylvan Asia Growth Fund 1, or… Continue reading The Sylvan Group leverages Asian business family links for $400m debut fund
The entrepreneurial ecosystem in India has just started, says PE veteran Sanjay Nayar
Sorin Investments, a tech fund co-founded by private equity (PE) veteran Sanjay Nayar and Angad Banga of Hong Kong-based Caravel group, has kept a window of 18 months to make the final close of its debut investment vehicle with a corpus of $130 million. The firm made the first close at $100 million last month… Continue reading The entrepreneurial ecosystem in India has just started, says PE veteran Sanjay Nayar
ONE Championship aims to launch first US event in first half of 2023
Asian mixed martial arts media firm ONE Championship (ONE) plans to host its first event in the United States in the first half of 2023, according to a Forbes report. ONE is “considering numerous locations” for its first US event, said chairman and CEO Chatri Sityodong in an interview with Forbes. He also added that… Continue reading ONE Championship aims to launch first US event in first half of 2023
YouTube isn’t cool with videos of Tesla FSD beta testing on kids
YouTube removed two videos from its platform showing Tesla drivers using their own children to conduct vehicle safety tests. The tests were meant to prove that Tesla’s Autopilot and “full self-driving” (FSD) beta software — the automaker’s advanced driver assistance systems which have automated driving features but do not enable the cars to drive themselves… Continue reading YouTube isn’t cool with videos of Tesla FSD beta testing on kids
China’s cyber agency tries to mitigate concerns of internet firmsWhile regulators have not announced new rules this year at the pace they did last yea…
China’s cyberspace watchdog wants to build an “affectionate” relationship between internet enterprises and the government, a senior official said, the latest verbal assurance to an industry still on edge after a long and bruising regulatory crackdown. Niu Yibing, vice minister of the Cyberspace Administration of China (CAC), told a news conference on Friday the agency was supportive… Continue reading China’s cyber agency tries to mitigate concerns of internet firmsWhile regulators have not announced new rules this year at the pace they did last yea…
Apple supplier Foxconn likely to invest $300m more in northern Vietnam
Apple supplier Foxconn has signed a $300 million memorandum of understanding with Vietnamese developer Kinh Bac City to expand its facility in the north of the country to diversify and boost production, state media said on Saturday. The Taiwanese company’s new factory, on a plot of 50.5 hectares (125 acres) in Bac Giang province, will… Continue reading Apple supplier Foxconn likely to invest $300m more in northern Vietnam
Gulf e-commerce company Noon to buy fashion venture Namshi
Dubai’s Emaar Properties said on Saturday it is selling fashion e-commerce venture Namshi to Noon, an e-commerce company backed by Dubai billionaire Mohamed Alabbar and Saudi Arabian sovereign fund the Public Investment Fund (PIF). Emaar said in a bourse filing its board has in principle approved the sale, which values Namshi at $335.2 million, as a… Continue reading Gulf e-commerce company Noon to buy fashion venture Namshi
China set to implement prudent financing system for property firms
China‘s banking regulator will further implement a prudent financial management system for property firms and would look to effectively meet any reasonable financing demands they have, it said on Friday in a statement sent to Reuters. The China Banking and Insurance Regulatory Commission (CBIRC) made the comment in response to queries on a Reuters report on Thursday that said the regulator is scrutinising the property loan portfolios of some local and foreign lenders to assess systemic… Continue reading China set to implement prudent financing system for property firms
Tesla increases FSD beta cost to $15,000 in North America
Tesla will increase the price of its “full self-driving” beta software, the automaker’s advanced driver assistance system (ADAS), in North America to $15,000 on September 5, CEO Elon Musk tweeted Sunday. The celebrity executive said the current price of $12,000 will be honored for orders made before September 5, but delivered later. Musk also tweeted… Continue reading Tesla increases FSD beta cost to $15,000 in North America