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Southeast Asia is a region in Southeast Asia.

Indonesia
Singapore\sMalaysia
Vietnam\sThailand
Philippines
Myanmar

India

Greater China is a term used to describe a

Asia’s rest

World

Internet Economy & E-Commerce

Technology

Infrastructure and Real Estate

Services in the Financial Sector

Infrastructure for Social Development

People
Khalid al-Dabbagh, Aramco’s CFO, is expected to resign this week.

Al-Dabbagh will be replaced by Ziad Al-Murshed.

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Khalid al-Dabbagh, Aramco’s CFO, is expected to resign this week.
Private equity agreements in Southeast Asia are a driving force. In the first half of the year, Asia saw a flurry of mergers and acquisitions.
Boltech, a Singapore-based insurtech business, has raised $180 million at a valuation of over $1 billion.
After the first day of trading in the United States, China’s Didi was valued at $68 billion.
SoftBank plans to raise $7.35 billion in its first international bond offering in three years.
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Adrian Cheng’s C Ventures invests in CASETiFY, a tech accessories business aimed at Gen Z, while Velocity Ventures closes its first $20 million SE round. Hospitality and tourism fund with a focus on Asia
WeMaintain raises $36 million in Series B fundraising for worldwide development and establishes a Singapore office, according to HarbourVest WeMaintain raises $36 million in Series B funding for global expansion and opens a Singapore office.
Alpha JWC of Indonesia has filed for a $300 million third venture capital fund.

Southeast Asia acquisitions and private equity agreements fuel Asia’s M&A frenzy in the first half of the year.

In the first half of 2021, Southeast Asia agreements increased by 83 percent to a new high of $124.8 billion.

Boltech, a Singapore-based insurtech business, has raised $180 million at a valuation of over $1 billion.

Activant Capital Group, a private investment entity, led the capital round.

Markets & Initial Public Offerings
After the first day of trading in the United States, China’s Didi was valued at $68 billion.

Didi’s stock began at $16.65, up from its initial public offering price of $14.

Deals
SoftBank plans to raise $7.35 billion in its first international bond offering in three years.

The current bond issuance’s proceeds will be utilized to repay debt and for general corporate purposes.

CredR raises about $6.4 million from Yamaha Motors and others in India.

CredR, a six-year-old company with an omnichannel presence, runs a used two-wheeler purchase marketplace.

Small businesses represent a huge opportunity for Southeast Asia’s entrepreneurs, according to Data Vantage.

We bring you the first two deals in Southeast Asia from London-based VC Hedosophia, as well as other updates in this edition.

Adani Green’s acquisition of SB Energy is approved by the CCI in India.

AGEL will now have a total renewable capacity of 24.3 GW as a result of this acquisition.

Vivek Sundar, the COO of foodtech unicorn Swiggy, has resigned.

Sriharsha Majety will take over and manage the marketplace company personally.

CDC Group sells a 3.7 percent share in IIFL Finance for $45 million in India.

CDC Group owned 15.44 percent of IIFL Finance prior to the sale of shares./nRead More

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