Analysis
CEO Chesky says the region has the greatest growth potential.
This edition features quarterly earnings of Indonesia’s listed tech startups GoTo Group, Bukalapak and Blibli.
IPOs & Markets
CSRC seeks to improve the quality of listed companies amid a stock market rout.
Deals
Ping An votes against reappointment of HSBC CEO Noel Quinn as director
China Digest: Flying car maker Volant, HK-based medtech startup Aitrasound close new rounds
Editor's take: The week that was — April 29-May 4
More Stories
Indonesian coffee unicorn Kopi Kenangan serves up new brand for mass market
Vietnam’s Galaxy Education eyes up to $20m fundraising to expand footprint
Morgan Stanley, India Life Sciences Fund inject $120m into India’s Maiva Pharma
Our reporters track deals with a focus on Private Equity, Venture Capital and M&As across Southeast Asia, India and China, and bring it to your inbox every day.
Southeast Asia
Southeast Asia's startups saw an uptick in the number of funding rounds recorded in the first quarter of the year, but the total capital raised nosedived to the lowest level seen in over five years.
India
Fundraising by Indian startups fell 11% sequentially to $2.6 billion in Q1.
Malaysia
The deal marks Ekuinas's third investment in the pharmaceutical sector.
Morgan Stanley Private Equity Asia and India Life Sciences have jointly acquired a controlling stake.
Indonesia
Warburg, through Adventure Holdings, is the largest and majority shareholder of NWP Property with a 53% stake.
Greater China
The new financing marks the fifth funding round raised by Volant since its inception in June 2021.
Vietnam
Other participating investors included Touchstone Partners, East Ventures, and Saison Capital.
The new funding will finance the establishment of Fano Labs’s new office in Singapore as part of its APAC expansion plans.
Ola is exiting the UK, Australia, and New Zealand.
The firm is part of Galaxy Entertainment, in which MoMo-backer Thien Viet Securities is an investor.
Singapore
The parties are working on the details of a transaction that could be announced as soon as the coming weeks.
World
A newly-created entity backed by Brookfield and Sequoia Heritage will buy SVB Capital.
Rest of Asia
TikTok is expected to generate $8.66 billion in US ad revenue this year.
The notice includes the flagship Adani Enterprises.
Zhao is the second major crypto boss to be sentenced to prison, after Sam Bankman-Fried.
The airline owes a total of $781m to its creditors including Central Bank of India, Bank of Baroda, IDBI Bank and Deutsche Bank.
Quinn last year defeated Ping An's long campaign to get HSBC to spin off its Asia business.