World
Bankman-Fried acknowledged that FTX customers had suffered, and he offered an apology to his former FTX colleagues.
PE firm Capsquare Asia said to be eyeing full exit from IDX-listed Champ Group
Global M&A activity bounces back in Q1 but APAC deals slump
India: Zepto-backer Alteria Capital closes venture debt fund at $195m
Taiwan's Shin Kong Life disposes of stake in Warburg Pincus, four other PE funds
China's XYuan Capital pools $138m to back early- to late-stage startups across NEV value chain
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India: Former Premji Invest execs-led PE firm Trident Growth eyes $250m debut fund
Vietnam-based PE firm Mekong Capital testing new waters for future growth
HSBC launches $1b ASEAN growth debt fund and $150m SG venture debt fund
SE Asia-focused PE funds salvage 2023 performance with strong H2 fundraising
PH-focused discount grocery chain DALI raises $25m from Venturi Partners
Prosecutors also charged the exchange’s founders, Chinese nationals Chun Gan and Ke Tang, with conspiracy.
Greater China
The app aims to generate as much as $20b GMV in the world’s biggest consumer market.
The resolution, proposed by the US, is nonbinding.
The measures are expected to drive China’s consumer finance companies to seek deeper-pocketed investors or merge.
India
The move partly eases the disclosure rules that were put in place last year.
Indonesia
Four major construction firms are some of the intended recipients.
The stricter measures come amid a regulatory tightening across China’s financial sector.
TikTok achieved record sales in the US in 2023, according to FT.
IPO applications will be strictly vetted to prevent companies from excessive fundraising.