Companies

As the Japanese insurer expands investments in alternative assets, Blackstone will provide investment management services to Japan’s largest private asset owner across private credit and real estate.

Governments are accelerating efforts to secure critical mineral supply chains for batteries, semiconductors, AI infrastructure, and defence technologies. However, Rio Tinto says the commercial conditions needed to unlock large-scale new supply remain far less certain.

One of the investors in the undisclosed licencing deal is fast-growing Chinese tea firm Ningji.

China is strengthening oversight of outbound investment through new regulations from July 1 that are designed to safeguard national interests, following an earlier ban on Meta’s acquisition of AI firm Manus.

The US investment giant exceeded its $10bn target after an active 24 months of deals in the region, especially in India and Japan.

The construction and infrastructure disputes specialist succeeds Terence Tung; Tung remains a partner at the Hong Kong law firm.

The US pharmaceutical giant will pay $650m upfront to support 12 cancer medicine programmes with HKEX-listed Innovent; the collaboration includes co-commercialisation rights in the US and Europe.

Andrew Yates, KPMG Australia's CEO, and Julian McPherson, national managing partner audit and assurance, have resigned after an investigation into a whistleblower's allegations over data use was not conducted with "necessary rigour". Principia Advisory is conducting a culture review.

The long-standing executives joined Baring Private Equity Asia, now known as EQT Private Capital Asia, nearly two decades ago, and have helped build the firm's Asia private capital platform.