U.S. boutique bank Raine expands in Southeast Asia, bets on media and tech [Financial Post (Toronto, Ontario, Canada)]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: Financial Post
drawn U.S. investment bank Raine Group to expand in the region, senior executives said. Amazon Canada confirms Prime sale in October Advertisement “This is the last major market in the world, where you can see a free for all between Alibaba, Tencent, Bytedance on one hand, and the likes of Amazon, Apple, Facebook and Netflix on the other,” said Joe Ravitch, Raine's co-founder and partner. Ravitch, a former Goldman Sachs banker for 16 years, before he co-founded Raine in the aftermath of the global financial crisis, expects increased cross-border deals in the region, home to about 650 million people. “The scarcity of capital in an era of volatility, rising interest rates and inflation, will create investment opportunities and require companies to be more strategic,” Ravitch told Reuters in an interview on the sidelines of the Forbes Global CEO Conference. Ravitch oversaw the sale of Premier League soccer club Chelsea in May. Global media, entertainment and gaming giants a
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