Deals
The deal is expected to be completed by Q1 2024, subject to customary closing conditions.
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
The loan is aimed at modernising the company’s existing plants in China.
Analysis
But competition is steep as Starbucks has over 1,800 locations in Japan.
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.
India
First-time fund managers mopped up $963m in Jan-Sep this year, a 3x jump over the year-ago period.
Malaysia
MDV is working on a SAFE programme for startups, says CEO Nizam Mohamed Nadzri.
Rest of Asia
Zhaojin Capital is a unit of Zhaojin Mining Industry, which owns 7.02% of Tietto.
Greater China
Evergrande revealed an investigation into its founder last month.
Indonesia
KIP Southeast Asia Venture Fund I has attracted institutional investors across South Korea, HK, and SG.