Greater China
The landmark “Chips and Science” law provides $52.7b for US chip production and R&D.
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
India
Foreign lessors have been locked in a legal tussle to repossess their aircraft.
Indonesia
The consortium includes energy firm Adaro and conglomerate Astra International.
Quant funds in China exceeded $148b at the end of 2021, nearly doubling in size from a year earlier.
Currently, SEBI considers related parties as part of a corporate group
World
Funds will have to keep 80% of their assets in the kind of investments suggested by their names.
Evergrande is at the centre of a crisis in China’s property sector.
Rest of Asia
Japanese VCs have so far been unable to participate in token offerings.
Accounts of users under the age of 16 were set to “public” by default, the regulator said.
Google is currently giving developers access to a relatively large version of Gemini.
