Earnings and Results
The firm had posted profits for three straight years in 2019-21.
1
Ant Group-owned payments firm 2C2P trims losses by 83% in 2023
2
SE Asian IPO fundraising plunges 60% in first half as Indonesia slumps
3
Thai auto sector reels under subsidies for Chinese EV makers
4
Shanghai launches $14b funds to ramp up IC, AI, biomedicine sectors
5
Private equity giant Apollo pumps $700 million into Sony Music
More Stories
L Catterton’s Asia chairman Chinta Bhagat steps down from role
Indosat’s potential sale of submarine cable and fibre assets may attract local bidders
Indonesia’s Volta plans to roll out EV scooters in more SE Asian markets
SE Asian startups left thirsting as funding drought persists into Q2
Chinese generative AI major Baichuan Intelligence snags over $691m in Series A round
Analysis
Higher interest rates dampen listings in region with fewer big-ticket debuts.
Massive oversupply forces legacy Thai companies to cut production or close down.
Deals
The AI fund will focus on fields including intelligent chips, software, autonomous driving, and intelligent robots.
Financial heavyweights are cashing in on the lucrative streaming rights and cash flows the industry offers.
Indonesia
eFishery is undergoing “structural adjustments”.
India
Hyundai has overcome issues that drove GM, Ford and Fiat away from India.
General Atlantic and KKR are among 4-5 PE firms vying for a majority stake in the Faridabad-based chain.
World
Ending tax breaks for low-value parcels creates regulatory uncertainty.
Agarwal joined NewQuest in 2019 following a decade-long stint with CLSA.