Greater China
The American social app taps e-commerce despite potential Indonesia headwinds.
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
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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
A viable cold storage EV could be a lucrative niche for Singauto in the Chinese EV market.
Singapore
TikTok’s e-commerce division’s revenue rose to $180m in 2022, from $1.8m in 2021.
India
Hero MotoCorp, Honda try to catch up as two-wheelers go electric.
Tesla has also been in talks to set up a new EV factory in India.
Indonesia
Kelvin Tan, the former MD and global head of SC nexus, will lead audax as its CEO.
Vietnam
US deliveries have remained low after a bleak launch into the market.
Europe could become VinFast’s biggest overseas market this year.
The phone will only be sold in China for now and deliveries will start from Sept. 28.
Canton Biologics previously acquired Berlin-based biotech Glycotope.
