Analysis
The company has a 9,000 field workers who connect with potential borrowers in rural areas.
Indonesia, Thailand, China in focus as retailers face aging, shrinking home market.
Vingroup also plans to list luxury resort subsidiary Vinpearl this year to raise funds.
IPOs & Markets
Deals
Flipkart, PhonePe IPOs could take couple of years, says Walmart exec
Japan's convenience store chains chase elixir of growth across Asia
'Community-centric' approach helped Amartha grow profits 4x in 2023, says CFO
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Vietnam-based VinaCapital announces sudden death of CIO
Vingroup is letting go of retail cash cow to raise funds for red-ink VinFast
‘Community-centric’ approach helped Amartha grow profits 4x in 2023, says CFO
Our reporters track deals with a focus on Private Equity, Venture Capital and M&As across Southeast Asia, India and China, and bring it to your inbox every day.
Indonesia
Is there room for SE Asian marketplaces and mobility platforms to grow their take rates?
Southeast Asia
This report explores SE Asia's nascent food technology landscape, including private funding bagged by regional startups from Jan 2020 through March 2024.
Greater China
Hop Lun had acquired US swimwear maker Rainbow West Apparel in Dec.
India
PE firms KKR and GIP will co-chair the initiative.
Malaysia
The Malaysia-based firm's first investment in Cambodia was CIA FIRST International School.
London-based investment firm Kingsway Capital and Animoca Brands co-led the investment.
Rest of Asia
It attracted interest from investors looking to bet on the consumer-side of the AI boom.
Alteria aims to raise $250-300 million in total for Fund III.
Singapore
Nium said it will use the funds to further accelerate its growth plans, including hiring talent and pursuing M&A.
The announcement follows similar large investments in Malaysia by other tech giants in recent months.
Kraken is the world’s third-largest crypto exchange by trading volume, after Binance and Coinbase.
The National Bank of Pakistan (NBP) signed an MoU on June 1 for the launch of the multi-billion-dollar fund.
Vietnam
Walmart may put an initial public offering of PhonePe ahead of Flipkart.
World
The rule required fund managers to issue quarterly performance and fee reports and stop giving some investors preferential treatment.
Proposals for rule changes to lure SFOs are near completion and will be taken to President Joko Widodo for approval.
Under the proposed new laws, BNPL providers must hold an Australian credit licence.
Andy Ho was 52.