Asia

TCGX has closed an oversubscribed $600 million fund to invest across stages in Asia-based biotechnology companies and is opening Hong Kong and Shanghai offices.

Two American businesses, WEX Inc. and payments group Mastercard, will combine fuel, maintenance, tolling, and parking payments for vehicle fleets into a single system across Asia-Pacific.

Firmus has withdrawn its planned A$7 billion Australian IPO and will pursue private funding after investor concerns over valuation and expansion risk.

TSMC's third-quarter revenue rose about 50 percent to a record NT$1.49 trillion, exceeding analyst expectations as AI chip demand remained strong.

OSL's Siwei Gong discusses institutional demand for stablecoin-to-fiat settlement, cross-border B2B payments, treasury workflows and the banking infrastructure needed for wider adoption.

GlobalFoundries will manufacture silicon interposers for TSMC's CoWoS ecosystem under a five-year, $2 billion agreement, with production set to ramp in 2028.

Endeavor Catalyst has closed a $320 million Fund V and says Asia will be a priority pipeline region, anchored by its Singapore hub.

Mint's Axonex Robotics has signed a two-year OEM and licensing program with Centridex that carries a potential value of about €3 million.

Meta is donating 1,000 Ray-Ban Meta AI glasses to four Singapore organizations and funding accessibility training through SAVH.

Nium will provide global off-ramp infrastructure to RedotPay, which says it serves more than 9 million stablecoin payment users.