Fincare Small Finance Bank files draft papers for $182m IPO
Fincare is a “digital-first” SFB with a focus on rural and semi-urban areas.
FuelBuddy acquires MyPetrolPump in an all-cash and stock deal
FuelBuddy works closely with the three oil marketing firms for procurement and distribution.
China to restrict mobile app news notifications in internet clampdown
The government is ramping up a campaign to rein in the influence of internet firms over its citizens’ daily lives.
Editor’s take: The week that was — May 3-8
A host of startups in SE Asia made headlines for their proposed IPO plans and fundraising activity.
SE Asia’s last-mile logistics players carve their own niches as competition heats up
As the last-mile space gets increasingly crowded, not all players are likely to survive.
China’s carbon neutrality target gets a leg-up as Three Gorges unit preps for Shanghai IPO
Proceeds from the $3.5b listing will be used for offshore wind power projects.
Sequoia-backed gym chain Supermonkey close to unicorn status post Series E round
China’s gym, health, and fitness industry have been growing by an annualised 8.6% over the past five years.
Shares of Tencent-backed insurtech firm Waterdrop slumps in NYSE debut
The listing was seen as a test of investor appetite for Chinese fintech amid a regulatory crackdown.