New Zealand-based blockchain startup SubQuery bagged $9 million in a funding round, while the Australian smart lock creator AirBolt has raised $1.5 million. New Zealand blockchain startup SubQuery raises $9m SubQuery, a New Zealand-based startup that aggregates data for decentralised app developers on the Polkadot protocol, has bagged $9 million in a round co-led by… Continue reading Asia Digest: Blockchain firm SubQuery raises $9m; AirBolt closes $1.5m seed round …
Author: Deal Street Asia Online News
Bangladesh’s B2B commerce startup ShopUp announces $75m round led by Valar Ventures
Bangladesh-based business-to-business (B2B) commerce startup ShopUp on Tuesday announced it has raised $75 million in a Series B round led by Valar Ventures. DealStreetAsia had first reported the details of the funding round, including the lead investor and other backers, last week. ShopUp, which is focused on digitalising mom-and-pop shops in the country, raised funds… Continue reading Bangladesh’s B2B commerce startup ShopUp announces $75m round led by Valar Ventures
Asia Digest: Loan platform Jeff App, Pakistan’s Truck It In bag funds in extension rounds …
Loan brokerage platform Jeff App has raised $1.5 million and plans to expand its business outside of Vietnam. Meanwhile, Pakistan-based Truck It In has completed its pre-seed round at $4.5 million. Fintech startup Jeff App nets $1.5m for SE Asia expansion Jeff App, a Latvian loan brokerage platform that has operations in Vietnam, has bagged… Continue reading Asia Digest: Loan platform Jeff App, Pakistan’s Truck It In bag funds in extension rounds …
Didi’s ride-hailing rival Cao Cao Mobility raises $600m to fund expansion
Geely’s Cao Cao Mobility said on Monday that it had raised 3.8 billion yuan ($589 million) to fund expansion, amid competition to grab market share from China’s embattled ride-hailing leader Didi Global Inc. Cao Cao‘s funding round comes as New York-listed Didi faces a cybersecurity investigation by Chinese authorities. Along with other ride-hailing companies, including Meituan’s, Cao Cao is offering promotions to… Continue reading Didi’s ride-hailing rival Cao Cao Mobility raises $600m to fund expansion
Didi denies reports that Beijing city is coordinating firms to invest in it
China’s ride hailing giant Didi Global Inc said on Saturday that media reports that the Beijing city government is coordinating companies to invest in it are not correct. “Didi is currently actively and fully cooperating with cybersecurity probe, foreign media reports that Beijing city government is coordinating companies to invest in it are incorrect,” it said on Weibo. Bloomberg News reported on Friday, citing unidentified people familiar with the matter, that China’s capital city was considering taking Didi under state control and… Continue reading Didi denies reports that Beijing city is coordinating firms to invest in it
Tokyo Stock Exchange mulls 30-minute extension to trading …
Tamagawa Dori, Tokyo, Japan. Photo: Thomas Schmitz/unsplash Premium The Tokyo Stock Exchange has begun weighing a proposal to lengthen cash stock trading hours by 30 minutes to 3:30 p.m., according to people familiar with the matter, in hopes of boosting its appeal to international investors. Go to Source
Mindset’s the biggest challenge for digital health in the region: HealthXCapital’s Jauhari
The pandemic has placed a huge strain on public health infrastructure globally, underscoring the need for private capital-driven interventions in health and insurance. Going forward, the sector is likely to witness an increase in investments in earlier stage companies that address some of the industry’s issues, says Seemant Jauhari, managing partner at healthcare-dedicated VC fund… Continue reading Mindset’s the biggest challenge for digital health in the region: HealthXCapital’s Jauhari
SoftBank-backed Indian e-commerce firm Snapdeal plans IPO at $2.5b valuation: Report …
Indian e-commerce player Snapdeal is looking to raise $400 million from an initial public offering (IPO) at a valuation of about $2.5 billion, Bloomberg reported on Friday citing sources. The company, which counts SoftBank Group Corp. among its investors, has begun talking to advisors about a potential listing in Mumbai as soon as next year,… Continue reading SoftBank-backed Indian e-commerce firm Snapdeal plans IPO at $2.5b valuation: Report …
Beijing city looks to bring ride-hailing firm Didi under state control: Report
Beijing city is considering taking Didi Global under state control and has proposed that government-run firms invest in the Chinese ride-hailing company, Bloomberg News reported. The central thrust of the Beijing city government’s proposal is to regain control over one of its largest corporations, and particularly the data it holds, Friday’s Bloomberg report said. Under the preliminary… Continue reading Beijing city looks to bring ride-hailing firm Didi under state control: Report
JD.com unit makes $513m offer for controlling stake in China Logistics
Chinese e-commerce giant JD.com Inc’s real estate unit has made an about HK$3.99 billion ($513.45 million) offer to buy a controlling stake in storage facilities manager China Logistics Property Holdings, the companies said in a joint exchange filing on Friday. JD Property Group offered to buy a 26.38% stake in China Logistics for HK$4.35 per share from… Continue reading JD.com unit makes $513m offer for controlling stake in China Logistics