Earnings and Results
Grab has maintained its current full-year revenue guidance of $2.70-2.75b, which represents a 14-17% YOY growth.
Venture Capital
Golden Gate Ventures partner Michael Lints has relocated to Qatar to oversee this expansion.
Private Equity
The investment follows SVC’s strategy to attract top global fund managers to invest in Saudi-based companies.
Analysis
Deals
Baidu beats quarterly revenue estimates on ad recovery, cloud demand
Futures exchange operator CME Group said to mull launching bitcoin trading
Abu Dhabi's Lunate launches ETF tracking Japan equities
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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.
Greater China
Funding by Greater China startups hit a two-year high of $20.1 billion in Q1 in a positive sign for the ailing private investment landscape.
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.
World
India
Bharti will become the second largest unitholder in BIRET with an ownership stake of 8.53%.
Vietnam
HUSK will use the proceeds to streamline its operations in Cambodia and to expand into Vietnam.
Rest of Asia
Malaysia
Ekuinas said the investment is part of its 100 million ringgit ($21 million) Dana Asas fund.
The fund will back companies serving micro, small, and medium enterprises across South and Southeast Asia, Latin America, and Africa.
Tech unicorn VNG Corporation logged net revenue of VND 7,593 billion ($298.3 million) for the year.
The Onvo L60 SUV sticker price starts from 219,900 yuan ($30,476), 12% below the price of Tesla's Model Y.
Indonesia
Philippines-based coffee chain operator PICKUP COFFEE has received a fresh capital injection from new investors.
The three firms are India's Adani Ports, US-based L3Harris, and China's Weichai Power.
Japan brokerage seeks to grow assets under management by $260b.
Doubao app has already exceeded 100 million downloads, with more than 26 million monthly users.
Singapore
Sea's revenue and adjusted EBITDA in Q1 2024 topped analysts' estimates.
The exchange has been holding discussions with traders who want to buy/sell bitcoin on a regulated marketplace, per an FT report.
Last week, TikTok and its Chinese parent company ByteDance filed a similar lawsuit.
The new measures impact $18 billion in Chinese imported goods, including steel and aluminum, and semiconductors.
Each incident involved a Toyota Highlander equipped with the Zoox automated driving system.
The VC firm, called Alyxis Venture Partners, is seeking to raise $150 million for its debut fund.