July 20, 2018 Mapbox Inc., backed by SoftBank Group Corp., says it has a role to play in Masayoshi Son’s vision for ride-hailing and autonomous cars. The provider of mapping data for Tinder, Evernote and Facebook Inc. in October raised $164 million in a funding round led by the SoftBank Vision Fund. The infusion was… Continue reading SoftBank-backed Mapbox targets ride-hailing, self-driving cars
Author: Deal Street Asia Online News
SoftBank Vision Fund leads $121m Series D funding in imaging firm Light
July 19, 2018 Camera technology company Light has announced the closing of a $121 million Series D funding round led by the SoftBank Vision Fund, with participation from Leica Camera AG. The SoftBank Vision Fund investment will be made in tranches, subject to certain conditions, the company said in an official release. Founded in 2013… Continue reading SoftBank Vision Fund leads $121m Series D funding in imaging firm Light
Ride-hailing giant Didi to spin off car services unit in up to $1.5b deal
July 17, 2018 Chinese ride-hailing giant Didi Chuxing Technology Co Ltd is looking to spin off its car services unit in a deal worth up to $1.5 billion ahead of its expected initial public offering, people with direct knowledge of the matter told Reuters. Didi is hoping to raise between $1 billion and $1.5 billion… Continue reading Ride-hailing giant Didi to spin off car services unit in up to $1.5b deal
India Digest: 19thMile, Spanugo get funds; Mobycy to raise $3m; Tata’s lending platform
July 13, 2018 In the startup space, sales acceleration platform 19th Mile has raised around Rs 1.2 crore ($180,000) in an angel round of funding, Spanugo has secured investment from Ideaspring Capital and The Fabric, while Gurugram-based bike sharing platform Mobycy is in advanced talks to raise $3 million from Venture Catalysts, IDG Ventures and Orios Venture… Continue reading India Digest: 19thMile, Spanugo get funds; Mobycy to raise $3m; Tata’s lending platform
China’s Pony.ai raises $102m in funding round co-led by ClearVue, Eight Roads
July 12, 2018 Autonomous vehicle company Pony.ai has raised a $102-million investment co-led by ClearVue Partners and Eight Roads in a follow-on funding round after its $112-million Series A round six months ago. Other new investors in the latest round, as announced in a statement, include Green Pine Capital Partners, China Merchants Capital, Redpoint Ventures… Continue reading China’s Pony.ai raises $102m in funding round co-led by ClearVue, Eight Roads
China Evergrande arm to buy 45% in EV startup Faraday Future
June 26, 2018 Evergrande Health Industry Group Limited, an arm of property developer China Evergrande Group, has acquired 45 per cent stake in Faraday Future, the new-energy vehicle startup founded by Jia Yueting whose conglomerate LeEco is battling a severe cash crunch. Evergrande Health has come in as a strategic investor after buying out the… Continue reading China Evergrande arm to buy 45% in EV startup Faraday Future
Fosun agrees to buy German production systems firm FFT
June 20, 2018 Chinese conglomerate Fosun International has agreed to acquire Germany-based automated and flexible production systems provider FFT GmbH & Co. KGaA (FFT) for a still undisclosed amount. In a statement, Fosun said it will acquire FFT from ATON GmbH, a German family-owned private investment firm, through the funds managed by Fosun, giving FFT… Continue reading Fosun agrees to buy German production systems firm FFT
China Digest: Used car platform Cheduoduo, co-work space startup Distrii raise funds
June 14, 2018 Chinese startups Cheduoduo, a used-car platform, and co-working space operator Distrii have closed $17.7 million Series A investment and $23 million Series A+ funding round, respectively. China Growth Capital leads used-car platform Cheduoduo $17.7m Series A Beijing-based used-car trading platform Cheduoduo has secured $17.7 million in a Series A round led by… Continue reading China Digest: Used car platform Cheduoduo, co-work space startup Distrii raise funds
Tencent-backed used car auction platform Tiantian Paiche secures $100m
June 7, 2018 Tiantian Paiche, a Shanghai-based used car online platform that counts Tencent among its early backers, has raised $100 million from Autohome, an online portal for automobile consumers in China. On its Wechat account, the company said Autohome was the sole investor in the corporate round. The investor has also obtained the right… Continue reading Tencent-backed used car auction platform Tiantian Paiche secures $100m
Gobi-backed Chinese used car auction platform Chezhibao raises $125m
June 7, 2018 Fresh from raising $100 million in its Series C in March, Chinese used-car online auction startup Chezhibao Information Technology announced that it has closed its Series D funding round with a total of Rmb800 million ($125 million) in investments. The company, which operates the business-to-consumer car trading platform Chezhibao.com, said the latest… Continue reading Gobi-backed Chinese used car auction platform Chezhibao raises $125m