Analysis
Chinese tech group rents server space from state-owned partners in the meantime.
Deals
Last month, the firm closed $535 million in refinancing from the state-owned NaBFID.
Private Equity
Morgan Stanley Private Equity Asia and India Life Sciences have jointly acquired a controlling stake.
US law firm Mayer Brown to call off Hong Kong partnership
Australia's second-largest pension fund blacklists thermal coal investments
India's Vodafone Idea in talks to avail $1.8b loans over two years
More Stories
Warburg Pincus weighs partial exit from Indonesian real estate platform NWP Property
India: Zepto-backer Stride Ventures closes third fund at $165m, lower than Fund II
Recommerce platform ReturnKey raises Series A funding
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.
Indonesia
Warburg, through Adventure Holdings, is the largest and majority shareholder of NWP Property with a 53% stake.
The stake in NSE originally belonged to ChrysCapital VI, when it first bought a 5% stake in the company in 2016.
The total corpus raised by AiDash to date stands at $91.5 million.
Backed by 500 Global, Edukita closed its last funding round in Nov 2022.
The Indian government-backed NIIF recently bought a majority stake in iBUS for $200 million.
Ola is exiting the UK, Australia, and New Zealand.
Greater China
The company is said to have reached out to SBI, Bank of Baroda, Punjab National Bank, and some private banks.
Infinity Fincorp Solutions raised a total funding of $34m in the round.
Malaysia
The investment is the largest in Microsoft's 32-year history in Malaysia.
World
Mayer Brown plans a new partnership in HK focused on corporate and other work.
Astra is confident of competing in the EV market riding on its strong ecosystem.
It infers a valuation of $10.35b on Viking, making it the biggest US stock market debut of 2024.
Rest of Asia
Singapore
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.
Jakarta is Nadella's first stop on a trip to Southeast Asian countries.
Godrej Enterprises and Godrej Industries will continue to use the Godrej brand.