Mubadala vs Temasek

Mubadala Deepens Engagement in China Through Rolex Shanghai Masters Partnership

Mubadala announces new partnership with Rolex Shanghai Masters, deepening its engagement in China. Also, Mubadala and TARAF partner with Kerzner International to introduce One&Only Private Residences on Al Maryah Island, and TARAF signs MoU with Mubadala to explore a major mixed-use waterfront development on Al Reem Island.

Mubadala Invests in the $35 Million Pre-Series C Round in Paymob

Mubadala announces new investments including a $35M Pre-Series C round in Paymob, expansion in Masdar City, and minority investment in Luckin Coffee.

Crusoe on Track for $2B Revenue Amid Data Center Backlash

Crusoe, a data center builder and cloud provider, is on track for $2 billion in revenue this year, according to financials obtained by Newcomer. The company recently raised $3.9 billion at a $30.9 billion valuation, led by Atreides Management, Valor Equity Partners, and Mubadala. CEO Chase Lochmiller believes better marketing can quell the political uproar against data centers. The article highlights the contradiction of the AI industry's rapid growth and its uncertain future, as public backlash against data centers builds.

• Crusoe raised $3.9 billion at a $30.9 billion valuation.
• The funding round was led by Atreides Management, Valor Equity Partners, and Mubadala.
• Crusoe is on track to generate $2 billion in revenue this year.

Southeast Asia AI Adoption Booms, Monetization Shifts Beyond Subscriptions

Southeast Asia's generative AI adoption has reached 243 million users in less than three years, according to the annual e-Conomy SEA report by Google, Temasek, and Bain & Company. Despite rapid adoption, only 1-2% of the population pays for personal AI subscriptions, highlighting a gap. Businesses are monetizing AI through e-commerce, digital advertising, and customer service, with companies like Shopee handling 80% of queries via AI chatbots. The region's digital economy is projected to grow 17% to $368 billion in GMV this year, expected to exceed $1 trillion by 2035. AI is boosting ad click-through rates and conversions, and 75% of users are willing to let AI agents make purchases. However, usage per person remains at 10% of U.S. levels.

• Generative AI adoption in Southeast Asia reached 243 million users in less than three years.
• Only 1-2% of the region's population pays for personal AI subscriptions.
• Southeast Asia's digital economy projected to grow 17% to $368 billion GMV in 2026.

Golden Goose Reports Double-Digit Growth, Expands DTC

Italian luxury fashion brand Golden Goose reported a 15% currency-adjusted revenue increase to €380.4 million in H1 2026, with Q2 growth accelerating to 19%. Direct-to-consumer (DTC) sales surged 22% to €309.6 million, representing 81% of total revenue, up from 77% a year earlier. All regions saw double-digit growth, with the Americas up 18%, EMEA 14%, and APAC 17%. Adjusted EBITDA rose 9% to €122.9 million, with a 32.3% margin. The company opened new stores, including locations in Athens and Rome, and launched its first Younique Caffè in Europe. During Q2, ownership changed with HSG becoming majority shareholder, Temasek investing as a minority, and Permira remaining a strategic shareholder, aiming to support international expansion and innovation.

• H1 2026 revenue increased 15% to €380.4 million
• DTC revenue up 22% to €309.6 million (81% of total revenue)
• Adjusted EBITDA rose 9% to €122.9 million in H1 2026