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BEIJING: Global investors from Tiger Global Management to Temasek Holdings Pte are reeling after China imposed the harshest curbs yet on its $100 billion private tutoring and online education sector.
HONG KONG: An index launched a year ago to give investors greater exposure to China’s internet giants is now the world’s worst-performing major technology gauge.
JOHOR needs to act fast to attract high-quality and capital-intensive investments into the state during and after the Covid-19 pandemic.
BENGALURU: Food delivery startup Swiggy announced it closed a US$1.25bil (RM5.3bil) funding round led by SoftBank Vision Fund 2 and Prosus, just days ahead of rival Zomato Ltd’s listing.
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.
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.
BEIJING: China will accurately review foreign investment that affects, or may affect, national security, while avoiding overly broad actions in order to better ensure and protect the legitimate rights and interests of foreign investment, said the Ministry of Commerce.
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.