Analysis
But competition is steep as Starbucks has over 1,800 locations in Japan.
PE giant KKR to invest $400m in Malaysian subsea cable services provider OMS Group
DEG commits $25m loan for Silver Dragon Water Supply Group
Chinese coffee chains see Japan as key testing ground ahead of global expansion
Tech-enabled B2B commerce struggles to survive in Indonesia, Vietnam but hope lingers on
Indonesian investment firm Saratoga seeks to build a more sustainable portfolio
More Stories
Editor’s take: The week that was—Oct 23-28
GoTo-backed digital lender Bank Jago’s profit jumps 24% in 9M 2023
Sequoia Capital marks up the value of 15 funds, writes down four
With funding in purse, From This Island joins starry lineup of beauty brands in Indonesia
SE Asian venture funding in Jan-Sept 2023 retreats below pandemic levels
Policy & Regulations
Evergrande revealed an investigation into its founder last month.
A weekly roundup of deals, fundings, earnings, and analyses of SE Asia’s startup ecosystem.
The European Commission is investigating if Chinese EV manufacturers are benefiting from state subsidies.
Tencent and Temasek subsidiary Dahlia were among the IPO’s cornerstone investors.
Deals
A growing number of Chinese EV makers are also launching lower-cost models across Europe.
The acquisition will enable Rusal to gain access to alumina at a competitive cost.
In 2022, the JV lost $30.75m.
Venture Capital
The firm last raised the first tranche of its Series D funding round in March 2022.
Leapmotor and Stellantis are also discussing setting up a joint venture as part of the transaction.