Alibaba to anchor $258m fund for startups in China’s Greater Bay Area
The fund is expected to close in the second half of 2022.
Unit of Singapore’s Sembcorp plans to build net-zero emissions power plant in UK
The plant will be jointly built with US clean technology firm 8 Rivers Capital.
Indian iron ore firm NMDC board okays demerger of steel unit
The said scheme is subject to necessary statutory and regulatory approvals.
India: Education loan provider MPOWER raises $100m from Tilden Park, others
The new funding is in addition to the $30 million MPOWER raised earlier this year.
Alt protein maker Next Gen raises $20m from Temasek, GGV Capital, others
Singapore state investor Temasek injected $10 million as part of the latest financing.
Temasek says some of its portfolio companies are looking at SPAC mergers
Vertex Holdings, the VC arm of Temasek, is believed to be planning a SPAC listing.
India: Shri Bajrang Power and Ispat seeks to raise $93.3m via IPO route
A part of the proceeds from the issue will be used to repay the company’s debt.
Chinese biopharma firm Adlai Nortye bags $100m in a Series D round
CMG-SDIC Capital and Tigermed jointly led the round.