Earnings and Results
Net profit rose only 0.7% from a year earlier to 56 billion yuan, falling short of analyst expectations.
1
India: AstroTalk hits $1b valuation after ESOP buyback
2
Vietnamese media group DatVietVAC gears up for $23m IPO
3
KKR offers to buy over 8% stake in Philippine power producer First Gen
4
Tencent Q2 revenue rises 11% on AI-driven ad gains, but profit disappoints
5
China's GigaDevice commits $100m to Yunfeng's $2b USD fund
More Stories
Mitsubishi-backed PE weighs exit from SG logistics firm BHS Kinetic
Sea Ltd learns to spend smarter as SE Asia’s e-commerce war heats up
AI-native biotech startup Aureka raises $100m from Granite Asia, HLC
DATA VANTAGE: M-DAQ adds Vietnam partner, and other updates
ESR, INA expand logistics partnership with two new Indonesia projects
Private Equity
Yunfeng Capital is a PE fund managed by Alibaba’s Jack Ma and media guru David Yu.
Analysis
In case you missed it, here’s a list of our top stories from July.
IPOs & Markets
Prominent backers of the company include South Korea’s SK Group and Mirae Asset.
Venture Capital
The Series B round brings Aureka’s total funding since inception to nearly $200m.
It is targeting a valuation of $30-40b in the IPO.
The 26 megadeals raised a combined $8.4 billion, or 71.9% of the monthly financing.
The proposed dual listing underscores the heavy capital demands facing China’s domestic chip designers.
That compares with Shein’s $100 billion-plus valuation in 2022.
It is set to become China’s first onshore-listed humanoid robot maker.
