Asia

Cars24 motors to $200m series E
KCK Global-backed automotive e-commerce marketplace Cars24 has secured a unicorn valuation in a round led by DST Global.
STC Pay charges up with $200m
Western Union, which already partners the Saudi Telecom spinoff on cross-border money transfers, is acquiring a 15% stake in the digital wallet provider.
Tencent takes $150m to Waterdrop
Tencent is reportedly injecting more funding into WeChat-powered healthcare insurer Waterdrop ahead of a potential IPO at a projected $4bn valuation.
Manbang makes noise with $1.7bn
The truck delivery management service is now valued at almost $12bn, having raised money in a round co-led by SoftBank Vision fund and backed by Tencent.
Orix sticks $60m in OurCrowd
The equity crowdfunding platform developer has received $60m from newly minted strategic partner and financial services provider Orix.
True Balance trusts corporates in $28m round
SoftBank Ventures Asia and Naver helped the mobile financial services provider push its overall funding past the $90m mark.
Verbit swerves to $60m series C
Returning investor ClalTech helped take the transcription and remote education tool developer's total funding to $125m.
Antengene accelerates to $360m flotation
The WuXi AppTec, Celgene, Taikang and Tigermed-backed cancer drug developer went public in Hong Kong at the top of its range.

Other News

Codemao collects $198m in series D round
The Cheetah Mobile and Southern Publishing and Media-backed coding education provider lifted its overall funding to $375m in its latest round.
GenCell powers its way to public markets
TDK Ventures, Paz Oil and Landa Ventures-backed hydrogen and ammonia fuel cell technology developer raised $60.7m in an Israel flotation.
Turtlemint turns to corporates to raise $30m
The insurance comparison service will use the cash from the American Family and MassMutual-backed round for recruitment, geographic growth and technology development.
Corporate venturing deal net: 16-20 November 2020
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
NeoGames passes IPO level
William Hill sold $11.5m shares in the $81.7m initial public offering but remains the lottery software producer's largest shareholder.
Juventas packs in Parkland-backed round
The property developer took part in a $68.4m round that will help Juventas advance its clinical-stage oncology cell therapy candidates.

Editor's Picks

Ant Group blocked from $34bn IPO
Chinese regulators have suspended the Alibaba spinoff's initial public offering, which was set to value the financial services provider at $313bn.
Lufax loops on to public markets
Ping An's financial services spinoff raised $2.36bn in a US initial public offering that represented an exit for Bank of China, Cofco, SBI and several investment banks.
Ant Group's IPO to achieve $34bn raise
Several corporates are set to exit the financial services provider in the biggest IPO in history, while parent company Alibaba will buy about $7.5bn of shares.
Byju’s bags $500m
The online course and tutoring provider, which counts Tencent, BCC and Naspers as investors, bumped its valuation up to $10.8bn in the round.
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