Analysis
Low-cost EV makers aim to replicate the success achieved in markets from Thailand to Brazil.
Deals
Saratoga has also announced acquiring a majority stake in Brawijaya Hospital, confirming DealStreetAsia's report.
The 20-year-old company offers services around mobile and web development across the world.
Unicorns
Xpeng says US tariffs on Chinese EVs detrimental to meeting carbon neutrality
Indonesia raises $1.3b in its largest Samurai bond sale
Top HSBC shareholder Ping An likely to retain investment in bank amid sale talks
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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.
Rest of Asia
Mubadala Investment Company is the second-biggest state fund in Abu Dhabi.
India
World
The investment follows SVC’s strategy to attract top global fund managers to invest in Saudi-based companies.
Golden Gate Ventures partner Michael Lints has relocated to Qatar to oversee this expansion.
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.
The firm last raised $100m in a Series E funding round led by Tiger Global Management and Vitruvian Partners.
Vietnam
Ping An, which emerged as a major shareholder in HSBC in 2017, has had a tumultuous relationship with the lender in the recent past.
Singapore
With this, the company has completed its Series B round at $40+ million in total.
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.
Indonesia
Proceeds from the bonds will be used to finance this year's budget deficit.
Xpeng co-President Brian Gu said he hopes the US can become more open, allowing global products to enter and compete in the market.
The position of the SEBI contrasts with that of the Reserve Bank of India.
Last week, TikTok and its Chinese parent company ByteDance filed a similar lawsuit.
The VC firm, called Alyxis Venture Partners, is seeking to raise $150 million for its debut fund.