Investments
TPG closes debut Asia growth fund at $1.3B
TPG has closed its debut Asia lower-middle-market growth fund with $1.3 billion, exceeding the target for the new regional strategy.
Singapore invests S$150M in AI materials accelerator
Singapore will invest S$150 million in MARVEL-AI, an A*STAR-led platform combining artificial intelligence with automated laboratories for materials discovery.
Hong Kong fintech PhotonPay raises $40M Series C led by Blockchain Capital
Hong Kong fintech PhotonPay has raised $40 million in a Series C led by Blockchain Capital to expand stablecoin, payment and card infrastructure.
[HK Special Report] Hong Kong sees growing IPO interest from AI, robotics & biotech companies: HKEX
Johnson Chui, Head of Global Issuer Services at HKEX, said the exchange is seeing interest from companies across emerging technology sectors, including artificial intelligence, robotics, biotechnology and semiconductors.
SoftBank’s Son plans $50B Malaysia tech outlay, says PM Anwar – report
Prime Minister Anwar Ibrahim said he had a videoconference with Son last Tuesday, during which the Japanese tech investor said he had picked regions in the country for projects including data centers.
HKEX launches AI and semiconductor indexes
HKEX has launched AI and semiconductor indexes and licensed the AI benchmark for planned exchange-traded funds in mainland China.
CBRE agrees to acquire Onnec in $1B data-center deal
CBRE will pay $610 million upfront for Onnec, with a performance-based earnout of up to $400 million, expanding data-center services in Europe and Asia Pacific.
Zero Industries raises $3M for satellite laser power network
Japan-linked space startup Zero Industries has raised $3 million in pre-seed funding to develop a laser-based power transmission network for satellites.
Danantara CIO Pandu Sjahrir says Indonesian corporate fundamentals remain strong despite market concerns
The investment chief cites 15 percent first-half profit growth among major listed companies as Indonesia pushes ahead with capital market reforms.
US-based Energy Impact Partners to jointly scale Singapore decarbonisation startups
Energy Impact Partners (EIP), a global energy investor, and the Singapore Economic Development Board (EDB) will boost their partnership to advance energy innovation and decarbonisation in Singapore.
