Asia

Corporate venturing deal net: 15-19 October 2018
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Alibaba makes a $288m date with 1919
Alibaba is set to invest $288m in the alcoholic drinks retailer at a time when consumer demand for wine and spirits is rapidly growing in China.
Holatek raises $86m from successful series D projection
Smart projector and TV manufacturer Holatek has attracted $86.5m in series D funding from a consortium led by Alibaba that featured the newly unveiled 36Kr Fund.
36Kr confirms $144m fund
The technology media company and data and business services provider has been operating a $144m fund for almost a year and backed 25 companies.
Corporates drive Momenta to $1bn valuation
Tencent and existing backer Nio Capital both invested as autonomous driving software developer Momenta took its overall funding to $200m.
SoftBank Vision Fund seeks $9bn in debt
The fund is reportedly lining up the debt financing from the banks serving as underwriters for the $27bn IPO of SoftBank's wireless division.
Swiggy gets ready to swallow $900m
The food ordering platform has reportedly drawn up a term sheet for a $900m primary and secondary round led by Naspers and backed by Tencent.
Careem clears $200m in new funding
Al Tayyar and Rakuten are reportedly among the existing investors that provided $200m for on-demand ride platform Careem at a $2bn valuation.

Other News

Edianzu downloads $60m in series D round
Source Code Capital and an unnamed sovereign wealth fund have provided capital for Edianzu, the IT equipment supplier backed by Lakala.
Kymco kicks in $65m for Twenty Two Motors
The two-wheeled vehicle producer is acquiring a stake greater than 25% in electric scooter developer and new strategic partner Twenty Two.
Chehaoduo shifts into next round with $162m
Seven months after raising $818m in a series C round led by Tencent, Chehaoduo has added $162m in series C-plus funding alongside a $430m commitment from the city of Kunshan.
Zhizhangyi zips to series B funding
The mobile cybersecurity technology developer has added $28.8m in a Gaocheng Capital-led round that came just over a year after a Fosun RZ-led round.
Dentsu joins Scrum in competitive game
Dentsu and Scrum Ventures have formed an accelerator for sports technology startups known as Sports Tech Tokyo.
Innovent advances closer to $500m IPO
Legend Holdings, Eli Lilly, Ping An, China Life and Taikang Insurance are in line for exits as Innovent Biologics gears up for an initial public offering sized at $400m to $500m.

Editor's Picks

Swiggy gets ready to swallow $900m
The food ordering platform has reportedly drawn up a term sheet for a $900m primary and secondary round led by Naspers and backed by Tencent.
Chehaoduo shifts into next round with $162m
Seven months after raising $818m in a series C round led by Tencent, Chehaoduo has added $162m in series C-plus funding alongside a $430m commitment from the city of Kunshan.
Innovent advances closer to $500m IPO
Legend Holdings, Eli Lilly, Ping An, China Life and Taikang Insurance are in line for exits as Innovent Biologics gears up for an initial public offering sized at $400m to $500m.
Taiho takes corporate venturing fund to $300m
Taiho Ventures, launched two years ago with $50m in capital, has had its reserves expanded by a further $250m as Taiho Pharmaceuticals looks to enhance its open innovation work.
test reg

Login

Not yet subscribed?

See your subscription offers here