DealStreetAsia

SG's Medi Lifestyle agrees to buy 60% stake in Q & M Dental's AI platform

Medi Lifestyle agreed to pay S$6.76 million in new shares.

India state food safety chief targets Eternal, Swiggy, Zepto in sweeping crackdown

The latest raids target the "quick commerce" sector.

First Philippine rejects KKR's plan to buy minority stake in power generation unit

KKR had proposed to buy an 8.43% stake in First Gen Corp.

India's Zetwerk files updated papers for $272m IPO

The IPO also comprises an offer for sale of 96.8m shares by existing investors.

GoTo to be dropped from MSCI's Indonesia index on liquidity concerns

GoTo has seen its market value fall to $3.2 billion.

China Deal Review: July funding hits 28-month high on 26 megadeals

The 26 megadeals raised a combined $8.4 billion, or 71.9% of the monthly financing.

Vietnam's VinSpace signs SpaceX launch deal for 2027

It will launch on a SpaceX Transporter rideshare mission in 2027.

JPMorgan to keep Asia hiring pace after corporate bank growth tops 20%

The hiring will cover teams serving mid-sized and large companies, among others.

I Squared to buy Australia's oOh!media in $735m deal

Other bidders include Pacific Equity Partners, Bain Capital, and Oaktree Capital.

Apple tests China's CXMT memory chips for iPhones, MacBooks

CXMT is China's largest chipmaker by market value.

HK-listed Guotai Junan surges 36% on take-private proposal

Parent Guotai Haitong Securities’ Friday offer was a 44.2% premium to the company’s July 23 close.

Editor’s Take: The Week That Was - Aug 3 - 8

Here are the top developments across Asia this week.

DeepSeek resumes funding round seeking $74b valuation: report

Monolith Management is in talks to participate, sources told Bloomberg.

Peak XV, EDBI join $700m funding round of AI startup Lumilens

The US startup emerged from stealth two years after it was founded.

India's Nykaa posts 3x profit jump in June quarter as fashion business ramps up

Its consolidated net profit rose to $8.4m in Q2.

SpaceX revenue doubles in Q2 as satellite, AI businesses surge

However, the spending spree underpinning its lofty ambitions is not over.

Singapore personal care brand Stryv weighs public listing

The company is also close to completing a pre-IPO fundraising of about $5 million.

DISCOVER Robotics, PokeBot lock in at least $100m each amid China's embodied AI funding surge

DISCOVER Robotics has reached a post-money unicorn valuation of at least $1 billion.