Chinese Internet security provider 360 Enterprise Security Group has raised RMB1.25 billion (US$179.75 million) in series pre-B round of financing, taking its valuation to RMB18.75 billion (US$2.69 billion).
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Chinese Internet Security Pr…
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Tencent-Backed Motorbike Renting Platform Bounce Acquires Ofo’s Assets In India
Dockless scooter sharing start-up Bounce has acquired India assets of Chinese bicycle-sharing firm ofo, marking its entry into the bicycle sharing space.
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Tencent-Backed Motorbike Renting Platform Bounce Acquires Ofo’s Assets In India ap…
Hong Kong-Based Fintech Start-Up Oriente Nets $105M, Targets Southeast Asia Market
Oriente, a Hong Kong-based financial services and technology start-up, has completed a US$105 million initial financing round from its founders and Southeast Asia’s wealthiest business families including members of JG Summit Holdings Inc. in the …
China To Tighten Norm On Financial Institutions Deemed As “Too Big To Fall”
Chinese authorities are tightening the rein on the country’s systemically important financial institutions (SIFIs) that are “too big to fall” to prevent financial risks that may arise from the failure of any of these banks, insurance firms and fi…
Shanghai Govt’s Investment Arm Invests In National Academy-Backed Chip Design Firm Smart Logic
Chinese chip design firm Smart Logic has secured an angel round of financing led by Shanghai Alliance Investment Limited, an investment arm of Shanghai Municipal Government chaired by the eldest son of former Chinese president Jiang Zemin.
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Qiming Venture Invests $23M In China’s HR Management Software Developer WorkTrans
WorkTrans, a Chinese human resources management software developer, has raised RMB160 million (US$23.03 million) in series B1 round of financing led by Qiming Venture Partners, according to a statement released today on WorkTrans’ website.
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Philippines’ Voyager Innovations Nets $215M From IFC, KKR, Tencent
Voyager Innovations Inc., a digital services arm of Philippines’ telecommunication provider PLDT Inc., has raised US$215 million in total in a round led by international investors, including Tencent Holdings Limited, KKR, International Finance Corporat…
Tencent, Line To Team Up To Provide Mobile Payment Services In Japan
Chinese Internet giant Tencent Holdings Ltd. is reportedly teaming up with Japanese chat app operator Line Corporation to offer mobile payment services in Japan, according to a report published by Japan’s financial newspaper Nikkei Asian Review t…
China’s PE Firm Boyu Capital To Raise $3B For Fourth USD-Denominated Fund
Chinese private equity firm Boyu Capital, whose partners include the grandson of former Chinese president Jiang Zemin, is looking to raise up to US$3 billion in committed capital for its new USD-denominated fund, according to Reuters citing people with…
Legend Capital Raises $257M From South Korea’s SK Group To Co-Launch A Fund In China
South Korea’s SK China has poured in ₩300 billion (US$256.64 million) in a fund created by Legend Capital, a venture capital arm of Legend Holdings, to expand the group’s business in China, according to an announcement by China Council for Intern…