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Grade A warehouse rent in Ho Chi Minh City runs about US$5.30 a metre. One founder paid herself as if she already owed triple that.
On voluntary discomfort, and the warehouse lease a Ho Chi Minh City founder tested before she agreed to sign it.
Seven years of debt gets repaid in full: Bain buys Gong Cha's 2,000 stores for $635M
Bain Capital is acquiring the bubble-tea chain from TA Associates and other shareholders for more than $635 million, closing by year-end. Partners Group's $200 million-plus 2019 unitranche loan is repaid in full.
OpenAI’s APAC headquarters is in Singapore. The hires are deployment engineers, not researchers.
OpenAI launched a four-billion-dollar Deployment Company on May 12 and made the Tomoro APAC office in Singapore the regional point of contact. The beachhead is in the buyer’s office, not its own.
Late-stage SEA funding rose 140 percent in H1 2025. Seed fell 50 percent.
Late-stage funding in Southeast Asia surged 140 percent in H1 2025 to $1.4 billion; seed-stage funding fell by half to $50.7 million. A year on, the funds that write seed cheques have stopped forming.