Analysis
The company is looking to expand its offerings and markets for a 5X revenue growth in 2 years.
Venture Capital
The round was backed by The Agribusiness Investment and Consultation Co, Spiral Ventures Asia Fund, and Beyond Next Ventures.
Most of the digital bets have been in the financial services space such as fintechs.
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Greater China
Interest rate hikes led to massive selloffs in the global bond and equity markets last year.
India
The fund, IndoSpace Logistics Parks IV, is targeting $600m in total equity commitments.
Indonesia
It is setting up offices in the region’s key markets of Indonesia, Vietnam, and India.
Pinnacle Microwave will use the proceeds to upgrade its products as well as in R&D.
Malaysia
Singapore
Marketplaces KREAM and SneakersLAH backed the funding round.
It has shifted its international focus to the provision of cross-border supply chain solutions.
Thailand
It could still resume a sale once conditions improve.
iSeller received $7.6 million in fresh funding from Intudo Ventures and other investors.
IHC invested $2b in Adani Group companies last year, including Adani Enterpsies.
World
FTX and Voyager both filed for bankruptcy amid a 2022 collapse in cryptocurrency markets.
With its tax-friendly regime and political stability, Singapore has long been a haven for ultra-rich foreigners.
VC-backed players such as SiCepat, Shipper, Andalin, and Ritase are in the market for funding.
Cheche claims to have raised over 1 billion yuan ($148m) from Tencent, Shunwei, and others.
The House Foreign Affairs Committee plans to vote soon on a bill to block TikTok in the US.
Maybank and ADIA had subscribed to Adani Enterprises’ $2.45b secondary share sale recently.
The Netherlands may stop ASML Holding, and Japan may restrict Nikon from selling equipment to China.
Wang Fengying will be responsible for product planning, product portfolio management and sales operations.