China’s NASN Auto bags $78m from GL Ventures, CATL, others

NASN Automotive Electronics (NASN Auto), a manufacturer of electronic products used in automobiles, has closed a Series C funding round raising 500 million yuan ($78 million). Investors who participated in the round were: Hillhouse Capital’s venture capital arm GL Ventures, Bank of China’s Hong Kong-based subsidiary Bank of China Group Investment, CMC-SDIC Capital, and CATL… Continue reading China’s NASN Auto bags $78m from GL Ventures, CATL, others

People’s Digest: ShopUp hires new CFO; Openspace adds third general partner

Bangladesh-based ShopUp has hired former CICC executive director and head of Singapore M&A Vashistha Maheshwari as its CFO, while Openspace has promoted executive director Jessica Huang Pouleur as its third general partner. ShopUp hires chief financial officer Bangladesh-based business-to-business (B2B) commerce startup ShopUp has hired former China International Capital Corporation (CICC) executive director and head… Continue reading People’s Digest: ShopUp hires new CFO; Openspace adds third general partner

US pension commits $125m to Bain Capital’s second Asia special situations fund

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to… Continue reading US pension commits $125m to Bain Capital’s second Asia special situations fund

LG’s DualUp Monitor is a vertical screen with an unusual aspect ratio

LG has revealed a couple of monitors it’s debuting at its virtual CES event, and one of them is apparently a completely new format in the market. The company’s new DualUp Monitor has an unusual 16:18 aspect ratio. It’s a vertical display with a 2,560 x 2,880-pixel resolution that LG is calling “Square Double QHD.”… Continue reading LG’s DualUp Monitor is a vertical screen with an unusual aspect ratio

Chinese self-driving startup Haomo.AI entres unicorn club after $157m Series A round …

Beijing-based autonomous driving startup Haomo.AI has raised nearly 1 billion yuan ($156.9 million) in a Series A round of financing to reach a unicorn status with a valuation of over $1 billion, the startup announced on Wednesday. Hillhouse Capital’s early-stage investment unit GL Ventures, food delivery giant Meituan, Qualcomm’s venture capital (VC) arm Qualcomm Ventures,… Continue reading Chinese self-driving startup Haomo.AI entres unicorn club after $157m Series A round …

VN Digest: VinaCapital Ventures backs Hub Global; Solscan raises $4m

In separate blockchain-related developments from Vietnam, VinaCapital Ventures has backed Hub Global while data analytics firm Solscan has closed its seed round. VinaCapital Ventures backs blockchain accelerator Hub Global Vietnam-based venture capital firm VinaCapital Ventures has invested an undisclosed amount in Hub Global JSC, a platform to support local blockchain startups. VinaCapital Ventures said it… Continue reading VN Digest: VinaCapital Ventures backs Hub Global; Solscan raises $4m