Thu, Jan 9, 2025 9:41 PM
Tencent-backed Practo misses FY24 revenue target, trims EBITDA loss
A Flip by Shubhangi Gupta
A liquidation petition has been filed against indebted property developer Sunac China, by a unit of China Cinda Asset Management, the Hong Kong judiciary's website showed late on Thursday. The petition has been filed by a unit of asset manager China Cinda Asset Management, and a hearing is scheduled for March 19, the website shows.
Open Flip
The year 2025 began with three Saudi Arabian startups bucking the venture capital funding activity in the MENA region. Three Saudi Arabian startups, Zension Technologies, Revie, and Vreal, raised significant funding in 2025, with Zension leading the pack with a $30 million Series A round. Revie secured $2.5 million in seed funding, while Vreal received an undiclosed pre-seed investment.
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Apollo Micro Systems' share price dropped over 5% intraday on Friday despite the company announcing a fundraise move, with shares dipping to ₹119.55 from an opening of ₹129.20, although it has gained 24% in the last month and rebounded from November lows. Apollo Micro Systems will issue up to 3.34 crore preferential shares at ₹114 each, aggregating to ₹381 crore.
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