Opening Bell ð is Tech in Asiaâs free newsletter, which brings you the biggest news and latest trends around publicly listed Asian tech companies. [Read from your browser]( Opening Bell ð Welcome to the Opening Bell! Delivered every Monday via email and through the Tech in Asia website, this free newsletter breaks down the biggest stories and latest trends on Asiaâs publicly listed tech companies. If youâre not a subscriber, get access by [registering here](. Hello {NAME} With [Russia's invasion of Ukraine]( driving the knife deeper into languishing global stock markets, we decided to take a look at those brave enough to make their debut amid bearish red flags. The IPO market isnât exactly hot right now, with a few new issuers either delaying or trimming the size of their listings. But that hasnât stopped swathes of high-profile IPOs from quietly simmering under the surface. Asian tech companies have been doing plenty of IPO-related groundwork recently - from changes in citizenship to drawing executives from competitors. A closer look at the scene will reveal the various approaches these firms are taking. Image credit: Timmy Loen For instance, Shein, the fast-fashion giant, appears to be doing whatever it can to [bypass Chinaâs tougher rules for offshore IPOs](. Not only did the retailer shift its parent firm to Singapore - [similar to the move made by]( super app Grab (GRAB, NDAQ) - but its founder and CEO, Chris Xu, also became a permanent resident of the city-state. These developments come following reports that suggested Shein was looking to list in New York later this year. Meanwhile, IPO-bound FinAccel, the parent company of Kredivo, an Indonesia-based buy now, pay later service, has stoked investor interest by [taking the M&A route](. FinAccel raised its stake in Bank Bisnis Internasional (BBSI, IDX) from 40% to 75% in a bid to claim a chunk of Indonesiaâs [fast-growing digibank market](. Akulaku, another fintech unicorn heading for the public market, managed to line its coffers by [raising US$100 million in a series E round](. However, that wasnât the case for Alibaba (BABA, NDAQ), which [shelved plans to raise US$1 billion]( for Lazada before Southeast Asian firmâs IPO. The bad news doesnât end there for the Chinese ecommerce giant as it posted its slowest revenue growth since going public last week. You can find a detailed review of Alibabaâs financial health [here](. Carousell, on the other hand, offered a glimpse into its financial performance in the lead-up to its debut on the public market, which might happen as soon as this current quarter. In [this premium story]( we break down the key aspects of the online classifieds firmâs 2020 earnings result. Carsome, Carousellâs competitor in the automobile space, has been beefing up its digital marketing and tech units in a peculiar manner. Malaysiaâs first unicorn has been gearing up to dive into public markets this year and, as my colleague Emmanuel reports in this premium story, it has made a habit of [luring a host of junior and senior staff from rival firms](. Most companies prefer to keep their IPO plans on the down-low, but Singapore-based PropertyGuru doesnât beat around the bush. Despite having already announced the firmâs intention to list in the US last year, PropertyGuruâs CEO went a step further to confirm that the listing will take place by [the end of the first quarter]( this year. -- Shravanth 4 STOCKS TO WATCH Hot stocks, earnings reports, restructuring, activist investor pressure, and more. We also feature the stocks that are likely to make big moves this week. Image credit: Timmy Loen ð¸ð¬ Grab (GRAB, NDAQ) Itâs no secret that the super app has had a tough time since it made its public market debut in December. Its beleaguered investors will hope for some respite when Grab [reports its Q4 results]( on March 3. ð®ð³ Vodafone Idea Ltd (IDEA, NSE) The troubled telecommunications firms could be in line for a [much-need capital infusion]( after British parent Vodafone Group said it plans to sell up to a 5% stake in tower firm Indus Towers to Bharti Airtel (BHARTIARTL, NSE). âThe two sides are in discussions and things could move very fast in the next few weeks,â a source told The Economic Times. ð¨ð³ Baidu Inc (BIDU, NYSE) Despite initially feeling the full force of China's crackdown, the tech giant has managed to weather the storm to some extent, with its shares shedding just around 2.5% over the last six months. The Chinese search engine has [reportedly]( laid off nearly 10% to 15% of its total employees. The question on everyoneâs minds is whether Baidu can now shift gears and reverse its fortunes. A few answers are likely when it [reports its Q4 results]( on March 1. ð®ð³ Infosys Ltd (INFY, NSE) Erm.. hockey, anyone? Indiaâs second-largest software services firm by revenue believes the metaverse - the much hyped next step in the evolution of the internet - will see âhockey stick-shaped growthâ very soon. Thatâs why the company has been [aggressively building an array of solutions]( revolving around the metaverse. 3 MARKET WHISPERS Actually, a lot more reliable than a whisper, we highlight engaging source-based reporting from reputable news outlets around the globe. Photo credit: 123rf 1ï¸â£ Halting a pandemic-induced slide Over 200 of AirAsiaâs fleet of 260 planes have remained idle since the pandemic hit airlines around the world in 2020. Yet, Capital A (CAPITALA, KLSE) CEO Tony Fernandes says he remains bullish not only his airlineâs prospects but also its super-app ambitions [in this insightful interview](. Capital Aâs annual results for 2021 are expected this week. 2ï¸â£ A nip in the bud Blackstone Inc (BX, NYSE) and Toshiba Corp (6502, TYO) moved swiftly to [deny reports]( that the US-based private equity firm had made a buyout offer for the US$18 billion Japanese conglomerate. Toshiba said in a statement that no specific proposals, "including preliminary and initial ones, were brought to Toshiba, including those from Blackstone, to take Toshiba private." 3ï¸â£ An IPO on the way Swiggy has begun preparations to raise [at least $800 million in an IPO]( early next year. The Indian food delivery decacorn is looking to raise the funds in order to expand its market share amid stiff competition from Zomato in the food delivery space. Meanwhile, Swiggyâs quick commerce business is also challenged by the Reliance Industries-backed Dunzo, Tata Group's BigBasket, Zomato-backed Blinkit, and Y Cominator-funded Zepto. 2 QUOTES FROM THE WISE Witty excerpts that leave you either scratching your head or grinning at your screen. Tech in Asia honors the changemakers of our time and of days gone by. - âIt is my belief that the next 1,000 unicorns wonât be a search engine, wonât be a media company, theyâll be businesses developing green hydrogen, green agriculture, green steel and green cement,â said Larry Fink, BlackRock (BLK, NYSE) CEO, talking about the [businesses potential]( in the need to address climate change. - âIf I had asked people what they wanted, they would have said faster horses.â This famous quote is [somewhat dubiously]( attributed to the founder of the Ford Motor Company (F, NYSE), Henry Ford, who was the chief developer of the assembly line technique that kickstarted the mass production of automobiles. 1 NEWS YOU SHOULD KNOW We put the spotlight on the story that's got everyone talking and social media buzzing in the past week. Photo credit: Samuel Zeller / Unsplash. VR headsets and insurance There has been a lot of distressing news (pandemic, wars, inflation, and so on) in the headlines lately. Amid the doom and gloom, news that Sony Group (6758, TYO) had revealed the [design for its next-generation PlayStation VR2 headset]( went largely under the radar. Tech advancements in virtual reality hardware have accelerated. However, regardless of how immersive the experience is, players of VR games are still inescapably rooted in the physical world. When gamers forget that, bad things happen (in other words, expensive equipment gets broken). Hard to believe? Well, insurance claims in the UK that mention VR headsets [jumped 31% in 2021](. Thatâs it for this edition - we hope you liked it! Not your cup of tea? You can unsubscribe from this newsletter by going to our preference center at the bottom of this email. Happy investing and see you next week! Disclaimer: This content is for informational purposes only. 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