Evergrande revealed an investigation into its founder last month.
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
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
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.
It is not clear if any settlement has been made.
The new government’s signature economic programme was originally scheduled to begin on Feb 1.
Further measures could be taken after September 2024 on the basis of the data collected.
“Golden shares” involve a board seat or other rights.
Officials from Singapore’s financial regulator will review documents and interview personnel from Credit Suisse.
BII and ILX will invest across a broad range of sectors including renewable energy, infrastructure, financial services etc.
The commission said it needed to review the competition effects of the proposed acquisition.