Venture Capital
Hefei Dongcheng Industry Investment, a state capital investor in Hefei City, has joined the round.
MBK Partners, Young Poong launch $1.5b tender offer for Korea Zinc shares
OpenAI launches new series of AI models with ‘reasoning’ abilities
Blackstone mulls selling stake in visa firm VFS Global
US auto safety regulator opens probe into some VinFast EVs
China’s Ant Group refinancing $6.5b credit line
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Liquidity crunch stalls fundraising for SE Asia-focused PE funds in H1
[Updated] The curious case of MoneyHero’s bid for MoneySmart
Indonesia’s Sinar Mas, LG CNS JV to build $300m data centre in Jakarta
Mr DIY eyes $300m IPO of Indonesia unit late this year
Hillhouse, GIC, Temasek said to be in talks to invest in Midea’s HK offering: Report
Zongwei counts Apple, Huawei Technologies, and EV maker Tesla among some of its main clients.
Private Equity
Hollysys has fended off several takeover bids since the end of 2020.
Laiye has more than doubled the number of employees outside China to over 100.
The startup is looking to expand its client base with a focus on SMEs.
In April, the startup completed a $50-million Series C+ round co-led by Ping An Global Voyager Fund.
Wavemaker is in the process of closing its Southeast Asia-focussed $50m fund.
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