January 25, 2018 Bike-sharing startup Mobike has stuffed its coffers with additional funds that it can use to further gain control of the booming bike-sharing sector, after talks of a merger with key rival Ofo were abandoned. A Caixin Global report said the dockless Shanghai-headquartered bike-sharing company secured close to $1 billion in its latest… Continue reading Mobike said to have raised $1b after failed merger talks with rival Ofo
Author: Deal Street Asia Online News
India: CarTrade acquires majority stake in Shriram Automall for $24.5m
January 24, 2018 Online automobile classified platform CarTrade, operated by MXC Solution Private Ltd, is acquiring a majority stake in Shriram Automall India Ltd (SAMIL) for nearly $24.5 million to create India’s largest used vehicle platform. CarTrade will acquire shares in SAMIL from Shriram Transport Finance Company Limited (STFC), the latter said in a BSE… Continue reading India: CarTrade acquires majority stake in Shriram Automall for $24.5m
Car classifieds startup Carmudi secures $10m to expand SE Asia ops
January 23, 2018 Carmudi, a Rocket Internet-backed online car classifieds startup, has recently secured about $10 million in funding from a range of investors, including Tengelmann Ventures, according to an Inquirer report on Tuesday. The latest financing round will be used to grow existing listings and to build new technology, with the bulk of the… Continue reading Car classifieds startup Carmudi secures $10m to expand SE Asia ops
APAC Digest: Dely, BeliMobilGue.co.id and GTRIIP raise funding
January 23, 2018 In multiple investments in the region, Tokyo-based culinary media firm Dely has raised $30.25 million in venture funding while Indonesian user car marketplace BeliMobilGue.co.id has secured a $3.7 million pre-Series A. Meanwhile, AI & biometrics software startup GTRIIP has secured a seven-figure sum Series A funding round. Dely closes $30.25m venture round Japanese startup Dely, which… Continue reading APAC Digest: Dely, BeliMobilGue.co.id and GTRIIP raise funding
China’s Leshi seeks equity stakes in shareholder Jia Yueting’s car businesses
January 23, 2018 China’s Leshi Internet Information & Technology said on Tuesday it is seeking equity stakes in the car businesses of its largest shareholder Jia Yueting for the debts they owe. Leshi told an investor briefing it was trying to resolve debt owed by Jia and his companies by seeking equity stakes in his… Continue reading China’s Leshi seeks equity stakes in shareholder Jia Yueting’s car businesses
China: BMW alums’ electric car startup said to seek $400m in funding
January 20, 2018 Byton, the Chinese electric-car startup founded by former BMW AG executives, is seeking about $400 million in a new round of funding, people with knowledge of the matter said. The Nanjing-based company, which showcased a concept car at the Consumer Electronics Show in Las Vegas this month, has been reaching out to… Continue reading China: BMW alums’ electric car startup said to seek $400m in funding
Google, Temasek to join as new investors in Go-Jek’s $1.2b funding round
January 18, 2018 Alphabet Inc’s Google , Singapore state investor Temasek Holdings Pte Ltd and Chinese online platform Meituan-Dianping are investing in a fundraising round of Indonesian ride-hailing start-up Go-Jek, sources familiar with the matter said. Go-Jek’s existing investors such as global private equity firms KKR & Co LP and Warburg Pincus LLC are also… Continue reading Google, Temasek to join as new investors in Go-Jek’s $1.2b funding round
China Digest: Aqrose, Mall Parking, SinoUnited Health, Daily Yoga, Yawlih raise funds
January 18, 2018 Startups Aqrose Technology, Mall Parking, SinoUnited Health Clinic, Daily Yoga and Yawlih Technology have secured fresh raise funds, reports the China Money Network. Baidu Ventures, DCM China co-lead Aqrose Technology’s $8m Series A Baidu Ventures and DCM China have co-led an $8-million Series A round in Aqrose Technology, a Chinese startup that applies machine vision… Continue reading China Digest: Aqrose, Mall Parking, SinoUnited Health, Daily Yoga, Yawlih raise funds
Self-driving car startup Pony.ai raises $112m led by Legend Capital, Morningside
January 16, 2018 Autonomous driving technology firm Pony.ai, a startup co-located in Silicon Valley and in China’s Guangzhou, announced that it has raised $112 million in series A funding round co-led by Morningside Venture Capital and Legend Capital. Sequoia Capital China and investor IDG Capital also participated in the round, along with Hongtai Capital, Legend… Continue reading Self-driving car startup Pony.ai raises $112m led by Legend Capital, Morningside
China Digest: Kintor Pharma, CalmCar, MLog, Yida Media raise funding
January 15, 2018 Five Chinese startups have raised a total of $81.6 million from venture capital and private equity companies in China, according to a China Money Network report. Kintor Pharmaceuticals raises $44 million Series C Chinese pharmaceutical research company Suzhou Kintor Pharmaceutical Inc has raised $44 million in a Series C funding round led by… Continue reading China Digest: Kintor Pharma, CalmCar, MLog, Yida Media raise funding