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Its private markets business drew inflows of $9b in the quarter.
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India
The group reported a net loss of $21.5m in 2025, down 14% YoY.
Singapore
Broadcasting rights accounted for roughly 81% of the total revenue.
The main drag on the bottom line was finance costs, in particular, interest on bank loans.
The company booked an impairment loss of $351.8m on investments in its subsidiaries.
Rest of Asia
US assets accounted for 44% of Mubadala’s portfolio in 2025.
Excluding these gains, the core business remained loss-making, though losses narrowed.
Indonesia
The company added over 90 stores in 2025, bringing its total network to 316 in Indonesia.
Vietnam
The Nasdaq-listed startup has made forays into Indonesia, India, and the Philippines.
Greater China
Zhipu has been expanding abroad, particularly in SE Asia.
