Asia PE-VC Summit 2023
US-China tensions have put the Middle East in a “block-less” and “balanced” position.
Malaysian wealthtech firm Versa aims for profitability by 2027, says GTV to double every year
Asia PE-VC Summit 2023: The Middle East is in a position to spur investments in Asia
TikTok's rise in Southeast Asia spells trouble for US rival Snapchat
US readies rules to prevent China from cashing in on $52b chip funding
PE giant KKR asks Telecom Italia to extend deadline for grid bid
More Stories
Hit by China-US tensions, GGV Capital to spin off Singapore-based Asia business
Singapore’s Growtheum Capital closes debut fund at $567m, a tad below target
Bold cash burn helps TikTok nearly triple 2022 revenue in Asia but losses widen
Malaysian pension fund KWAP launches $107m vehicle to invest in startups, VCs
Indonesian fintech startup Finantier said to have shut down
Analysis
The American social app taps e-commerce despite potential Indonesia headwinds.
A viable cold storage EV could be a lucrative niche for Singauto in the Chinese EV market.
TikTok’s e-commerce division’s revenue rose to $180m in 2022, from $1.8m in 2021.
Valuations have been resilient as good companies are few and they know their worth, said experts.
Kelvin Tan, the former MD and global head of SC nexus, will lead audax as its CEO.
Deals
The round takes the insurtech unicorn’s total Series B funding to $246m.
Online grocery platform Segari issued shares to investors, including SIG and Argor Capital, this week.
Seven sessions were part of the Climate Tech and ESG Summit track.
The ‘Venture Capital and Founders Summit’ track featured 10 sessions.
