Greater China
Rival Singapore has also been competing to attract family offices with tax incentives.
Credit Suisse accessed billions in liquidity last weekend: Swiss FM
India's Paytm wins extension for payment aggregator licence application
Elon Musk values Twitter at nearly $20b — half of what he paid for
Valley National said to be bidding for Silicon Valley Bank: report
Editor’s take: The week that was — Mar 20-25
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SG logistics firm Ninja Van’s losses more than doubled to S$250m in FY2022
Old economy firms shore up Indonesia’s IPO market as tech giants retreat
Northstar looking at synergies between portfolio companies, sees promise in AI
BYJU’s in final talks to raise $250m at a flat valuation: sources
Hong Kong moves to cut taxes to lure wealthy elites and family offices
Indonesia
Traditional companies like those in the mining sector have benefited from higher global commodity prices.
World
Last week, TikTok said the US demanded its Chinese owners divest their stakes or face a potential ban.
Its Q4 revenue from core local commerce, Meituan Instashopping, rose 17.4%
OpenAI charges business for access to its models for their own applications.
Last week Binance said it will be halting its sterling deposits and withdrawals.
The company’s total investment in the round stands at $349m.
High- and ultra-high net worth families in China are seeking to diversify their investments post-pandemic.
India
Reliance this month launched revamped Campa drinks which were popular in India in the 1970s and 1980s.
Rest of Asia
Hindenburg Research alleges the payments firm overstated its user numbers.
