Analysis
The platform will invest in Saudi Arabia, the wider Gulf region and China.
India-focused private equity giant Kedaara Capital closes fourth fund at $1.73b
Indian NBFC Northern Arc raises $80m in debt and equity from IFC
US seeks 3 years imprisonment for Binance founder Zhao
Bahrain's Investcorp sets up $1b fund backed by China's CIC
Hong Kong bourse names Carlson Tong as its new chairman
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SG fintech firm Atome Financial’s revenue doubled in 2023
People
HKEX also reported a 13% drop in Q1 2024 profit.
Those new offerings will join the almost 400 “new energy” models already in China’s showrooms.
Qiankun plans to provide self-driving systems involving the driving chassis, audio and driver’s seat.
Venture Capital
AIsphere is one of the Chinese challengers of OpenAI’s text-to-video model Sora.
The company was a cornerstone investor in VinFast’s IPO last July.
Local governments already owe more than $9 trillion in offshore debt.
Lu will be responsible for the overall management of the company.
IPOs & Markets
Its $330m IPO is the largest in Hong Kong so far in 2024.
The firm sealed a $43m Series C round in March 2023, followed by a strategic investment round last August.