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.
Norwegian state telco Telenor faces an ethical conundrum in coup-hit Myanmar
Myanmar contributed to 7% of the firm’s earnings last year.
Weekly roundup: Malaysia’s B2B marketplace Lapasar raises $1.8m and other SE Asia deals
DealStreetAsia has put together a table listing out main VC deals in the region this week.
Tech giants caught in the crossfire as India delays nod for import of Chinese Wifi devices
HP, Dell, others hit as import of speakers, earphones, and smartphones get held up.
Japan Airlines’ Q4 operating loss quadruples as pandemic curbs air travel
Passenger numbers on international routes are around 5% of normal levels.
Indian airlines risk aircraft repossessions as fresh COVID-19 wave roils travel
Passenger traffic fell 30% in April from a month before and halved again so far in May.