The LP View
First-time fund managers mopped up $963m in Jan-Sep this year, a 3x jump over the year-ago period.
The loan is aimed at modernising the company's existing plants in China.
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
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
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In Q3, startups in Southeast Asia recorded the lowest quarterly deal volume in nearly three years.
The share of megadeals in overall fundraising fell to about 37% in Q3, compared with 49% in Q2.
Rest of Asia
Zhaojin Capital is a unit of Zhaojin Mining Industry, which owns 7.02% of Tietto.
The asset manager is committing $275m, Sources told Reuters.
NSSK III, launched in 2021, has already made five investments.
MDV is working on a SAFE programme for startups, says CEO Nizam Mohamed Nadzri.
KIP Southeast Asia Venture Fund I has attracted institutional investors across South Korea, HK, and SG.
Ola Electric was valued at $5.5b in Sept.
Google is already an investor in Anthropic.
The deal is expected to be completed by Q1 2024, subject to customary closing conditions.
Natura bought The Body Shop from L'Oreal in 2017.
Several startups in the region are reportedly struggling to keep their bottom lines intact.
The company has become more selective with its investments in tech companies.
Tencent and Temasek subsidiary Dahlia were among the IPO's cornerstone investors.
Evergrande revealed an investigation into its founder last month.
The European Commission is investigating if Chinese EV manufacturers are benefiting from state subsidies.
The incentives range from cashbacks to reward points, similar to those offered on credit and debit cards.
The redundancies account for about 3% of employees in the bank's US consumer division.