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MUMBAI: Last week marked a watershed for technology startups in India, as a record bout of fundraising shifted attention to the world’s second-most populous market, just as investors were becoming spooked by a crackdown on internet companies in China.
Startups in India were having a moment in the spotlight with record investment numbers, as investors were spooked by a crackdown on internet companies in China.
MUMBAI: India’s Lenskart, an online retailer for eyewear, raised US$220mil (RM927.96mil) from investors including Temasek Holdings Pte and Falcon Edge Capital, in another sign of booming interest in the country’s technology startups.
Bulk of IPO shares will be taken up by institutional funds
BEIJING (Bloomberg): China will step up oversight of its ride-hailing and on-demand trucking companies from Didi Global Inc to Full Truck Alliance Co, adding to a widening campaign by Beijing to rein in its internet sector.
Global investors paying attention to funds as they see long-term returns
(Deletes reference in paragraph 4 to future share sales depending on stock performance targets, which is incorrect)
NEW YORK:Shares of Robinhood Markets Inc tumbled on Thursday, snapping a four-day winning streak, after the newly public online brokerage said early investors may sell nearly 98 million shares.
Chinese electric carmaker Li Auto made a secondary listing in Hong Kong, though its value fell with investors increasingly jittery over China's regulatory clampdown on tech companies.
KUALA LUMPUR: Aurelius Technologies Bhd (ATech), which provides electronic manufacturing services (EMS) focusing on industrial electronic products, is offering 77.01 million new shares under its proposed listing on the Main Market of Bursa Malaysia Securities.