The ongoing competition between KKR and Bain Capital is highlighted as both firms vie for the non-core assets of Japan’s Seven & i Holdings, with bids exceeding $5 billion. Meanwhile, Indian conglomerate Welspun is considering selling a stake in its warehousing unit to boost funds, targeting $1 billion in assets by 2026. Additionally, Avatar Capital has acquired a luxury residential building in Tokyo. In China, the finance and real estate sectors are experiencing a workforce decline, while residential rents have dropped to a four-year low amid oversupply. Alibaba is forming a $4 billion joint venture with Korea’s E-Mart for e-commerce operations.