Warburg Pincus has closed its latest China companion fund – which officially includes Southeast Asia for this vintage – at the hard cap of $4.25 billion.
The vehicle launched in January with a target of $3.5 billion. It will invest alongside Warburg Pincus Global Growth, which closed at $14.8 billion in late 2018. The two pools of capital will participate...
Beijing-based MSA Capital and Al Salam Bank-Bahrain have set up a $50 million VC fund that will target cross-border opportunities between China and the Middle East and North Africa (MENA) region.
Singapore-based online consumer-to-consumer marketplace Carousell has merged with the Southeast Asia subsidiary of Norwegian telecommunications giant Telenor Group.
China Reform Holdings, a state-owned fund manager with RMB700 billion ($100 billion) in assets under management, has launched a RMB50 billion fund that will make investments in the security industry, with a particular focus on technology-enabled services.
Chinese bitcoin mining equipment manufacturer Canaan experienced a volatile first day of trading on NASDAQ after raising $90 million in a smaller-than-expected IPO.