Deals
Fleet management startup TransTRACK allotted shares to Cocoon Capital, Goldbell Investments and others this week.
India's 360 One Asset raises nearly $258m for latest private credit fund
SEA Digest: Malaysian fintech Bayo Pay, Vietnam’s Oxalus raise funds
China's Fortune Capital holds first close of $1.13b RMB fund to double down on hard tech
Japan's SoftBank shares swept up in AI chip frenzy ahead of Arm IPO
China's Oceanpine Capital targets $600m for third USD Fund
More Stories
Vietnamese EV maker VinFast withdraws US IPO after SPAC merger
GoTo shares rally after entry into MSCI Index. Knee-jerk reaction or sustainable recovery?
SE Asian tech giant Sea disbands investment arm
Indonesia’s tech startup ecosystem enters a moment of self-introspection
Workforce management platform Hybr1d scores $3.2m in pre-seed funding
Analysis
Geely already has a presence in SE Asia through a 49.9% stake in Malaysia’s Proton.
Its losses rose 27% to $33.7 million in the financial year ended Dec 31, 2021.
The automaker has 10 similar development hubs globally that focus on other technologies
Venture Capital
The fund has a minimum fundraising target of $100 million.
Rich mineral resources for batteries give archipelago leg up in EV shift.
Policy & Regulations
Operations will launch in Q4 2023 as a 51:49 JV between Gulf Innova and Binance.
It is looking to ramp up focus on investments in its core business.
ESR Thailand has established a partnership with the local developer Asia Industrial Estate.
People
Yimwilai also serves as the chief executive of Zipmex’s Thailand unit.
