Shukun, a Chinese startup that uses AI to power medical imaging diagnosis, has secured 700 million yuan (about $108 million) in a new funding round from a group of investors led by Goldman Sachs and Primavera Capital Group, the firm announced on Monday. The new financing, which was closed by the end of July, also… Continue reading Goldman Sachs, Primavera lead $108m round in Chinese medical AI startup Shukun …
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China issues draft rules banning unfair competition in internet sector
Chinese regulators on Tuesday issued a lengthy set of draft regulations for the internet sector, banning unfair competition and restricting the use of user data, the latest move in a crackdown on the country’s powerful tech companies. China has been tightening its grip on internet platforms, citing the risk of abusing market power to stifle competition,… Continue reading China issues draft rules banning unfair competition in internet sector
Asia Digest: ComfortDelGro to list Australia arm; Kydon’s new fund; Next100 launches accelerator
Singapore-based transport operator ComfortDelGro is looking to list its Australian business while Kydon Group has launched fund to address skill-gap among workers. Meanwhile, Vietnamese VC firm Next100 has launched its accelerator. ComfortDelGro to list Australian arm Singapore-based transport operator ComfortDelGro is looking to list its Australian business, ComfortDelGro Corporation Australia, on the Australian Securities Exchange,… Continue reading Asia Digest: ComfortDelGro to list Australia arm; Kydon’s new fund; Next100 launches accelerator
Machinery Partner Raises $4.5M in Seed Funding
Machinery Partner, a Boston, MA-based company offering novel procurement, financing and support for small businesses needing heavy machinery, raised $4.5m in seed funding. The round was led by One Way Ventures (from Boston and focused on backing immigrant founders) and Euclid Ventures (from the West Coast and focused on B2B marketplaces), with participation from PJC and Techstars Ventures, as well as… Continue reading Machinery Partner Raises $4.5M in Seed Funding
Jack Ma’s Yungfeng Capital co-leads $100m round for self-driving startup QCraft …
Premium QCraft Inc, a self-driving technology startup with operations in China and the US, has secured $100 million in a Series A+ round of financing co-led by Alibaba’s Jack Ma-backed Yunfeng Capital and ex-Tencent Investment head’s Genesis Capital. Go to Source
KKR India Fin Services and InCred Finance agree to merge their lending businesses
Founded in 2016 by Bhupinder Singh, InCred Finance is a tech-enabled lending institution that spans online and offline models across consumer, small businesses, and education lending. KIFS, which was founded in 2009, provides Indian businesses with financing solutions. “Their (KKR) long-term vision and commitment to the India story fits perfectly with InCred’s objective of creating… Continue reading KKR India Fin Services and InCred Finance agree to merge their lending businesses
Monk’s Hill leads $6.3m funding in Singapore-based financing startup Jenfi
Jenfi, a Singapore-based startup that provides up to $500,000 of non-dilutive growth capital to business owners and entrepreneurs, announced raising $6.3 million in a Series A funding round led by Southeast Asia-based venture investor Monk’s Hill Ventures. Golden Equator Ventures and Korea Investment Partners (via the GEC-KIP Fund), 8VC, ICU Ventures, and Taurus Ventures also… Continue reading Monk’s Hill leads $6.3m funding in Singapore-based financing startup Jenfi
Singapore mental health platform MindFi bags $750k from iGlobe Partners, others
Singapore-based mental health wellness app MindFi has raised $750,000 (S$1 million) in pre-seed funding. Venture capital firm iGlobe Partners, M Venture Partners (MVP), and angel investors such as Koh Boon Hwee, Patsnap founder and CEO Jeffrey Tiong, Zopim co-founder Lim Qing Ru, Natasha Foong, Aakash Degwekar, and Shadab Farooqui were among the investors, the startup… Continue reading Singapore mental health platform MindFi bags $750k from iGlobe Partners, others
Data Vantage: Secondaries afoot, Ant Group sells stake in M-DAQ and other deals
At least three companies saw their shares change hands through dozens of transactions in the past week, marking a busy period for secondaries. Alibaba-backed Ant Group sold half of its stake in Singapore-based fintech services firm M-DAQ, held by its investment vehicle API (Hong Kong) Investment Limited, to Affinity Equity Partners last week. Affinity also… Continue reading Data Vantage: Secondaries afoot, Ant Group sells stake in M-DAQ and other deals
US Gov Investigating Tesla Autopilot for Crashing Into Emergency Vehicles
It’s finally official. Making It Official The US National Highway Traffic Safety Administration (NHTSA) has opened a formal investigation into Tesla’s Autopilot assisted driving software according to a posting on its website — an inflection point that could signal the introduction of self-driving regulations. Explosively, the investigation appears to center on a series of accidents… Continue reading US Gov Investigating Tesla Autopilot for Crashing Into Emergency Vehicles