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Phone: +234 903 429 5263, +234 702 6756 376
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DealStreetAsia

China’s VNET Group launches $400m debt raising for data centre projects

VNET will issue convertible senior notes.

US-blacklisted Zhipu AI pockets fresh funding from Chinese state firm

The company raised $137 million from state firms earlier this month.

Thailand okays $1b investment from China’s Sunwoda for EV battery plant

The Shenzhen-based firm will create 1,000 jobs in Thailand.

India: Pernia’s Pop-Up Shop owner Purple Style Labs bags $40m in Series E funding

The round was led by SageOne Flagship Growth OE Fund and Alchemy Long Term Ventures Fund, among others.

Data Vantage: Akseleran, Genie Financial, InVideo, and others in focus

The number of deals involving female-led startups climbed 19% to 208 in 2024.

China Digest: Shenghua New Material, Singular Medical snap funds

Qiming, SND Financial and HWealth Capital re-upped in Singular Medical's fresh round.

PH Digest: AirAsia Philippines eyes IPO; A.P. Moller to buy 40% in AC Logistics

AirAsia will sell 20% to 30% of its shares on the Philippine Stock Exchange.

Couche-Tard tries to sell Japanese public on its $47b bid for 7-Eleven

Couche-Tard has been pursuing Seven & i since August.

Elevarm bags $4.25m, Eratani nears funding, defying Indonesia’s agritech challenges

Elevarm sealed a pre-Series A round led by Intudo Ventures.

Unified Industrial, Boustead Projects form pan-Asian logistics real estate platform

The platform will manage $3.5b in assets.
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