Deals
HSBC will back companies from its $1b ASEAN Growth Fund.
ID Digest: HSBC reviewing 8 SE Asian firms for potential investment; Amar Bank partners eFishery
Xiaomi takes on Tesla in Chinese auto market with $29,870 electric car
Indian food delivery platform Swiggy records $200m in 9M 2023
Bankman-Fried sentenced to 20 years for $8b dollar FTX fraud
Taiwan's Shin Kong Life disposes of stake in Warburg Pincus, four other PE funds
More Stories
HSBC launches $1b ASEAN growth debt fund and $150m SG venture debt fund
Vietnam-based PE firm Mekong Capital testing new waters for future growth
China’s GDS to sell $587m stake in overseas data centres to Hillhouse, Boyu, others
Chinese startups, investors lock horns as IPO plans go awry in tepid market
PH-focused discount grocery chain DALI raises $25m from Venturi Partners
Private Equity
Six SE Asia-focused funds closed in 2023, raising $2 billion in new capital.
Venture Capital
The round was co-anchored by PayPal Ventures and US-based insurer MassMutual.
Analysis
3PL providers are struggling to navigate new competitive dynamics and evolving consumer preferences.
DealStreetAsia had reported earlier that LinkAja will be roping in a new global investor.
With cautious spending, the company hopes to clock adjusted Ebitda of +200b rupiah in 2024.
TPG Capital and GIC have topped up their investments in Asia Healthcare Holdings.
Earnings and Results
Bank Jago’s loan disbursement increased 38% YoY in 2023.
Hyoshii Farm has secured funding from a consortium of angel investors and its founders.
The company, however, came close to adjusted EBITDA breakeven in Q4 2023.