Indonesia
The company has lined up new models and battery subscription plans to reduce upfront costs.
VinFast draws up grand plans, but can it make inroads in Indonesia?
China to facilitate Hong Kong IPOs and expand Stock Connect
Hong Kong watchdog to investigate PwC audit role in Evergrande
India: Climate-smart deeptech startup Ecozen raises $30m from Nuveen, others
Khosla Ventures close to launching $3b fund; backs two AI startups
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Indonesian poultry startup Pitik said to have laid off more than 50% staff
Hong Kong’s Jebsen Capital eyes more M&A opportunities in 2024 to drive inorganic growth
Affinity Equity Partners looks to take South Korea-listed Lock & Lock private
IDX-listed laboratory chain Diagnos to buy DNA testing company Asa Ren for $24m
PE veteran Bert Kwan’s new investment firm backs Vietnamese clinic chain Heli Care
Rest of Asia
South Korean companies made a record start to the year in terms of dollar bond issuance.
Another startup Chickin, meanwhile, has reportedly finalised an $8m extension round.
Greater China
Xiaomi launched its EV car late last month with an attention-grabbing price tag of under $30,000.
Binance FZE will also be able to offer margin trading products.
Tech IPO applicants are expected to shore up investor confidence in the Asian financial hub.
China’s securities watchdog has sharply tightened scrutiny of IPOs this year.
Vietnam
VinFast tripled first-quarter revenue but net loss rose 3.5%.
India
Fairfax India had said it would provide up to $200m in liquidity to support the lender.
Non-core businesses have been left to look after their own profits as Alibaba refocuses on e-commerce and cloud.