Big Data company Oushu has pocketed 200 million yuan ($30 million) in a Series B+ round of financing, while Qiming Venture Partners has led a 100 million yuan ($15 million) Series B round for digital healthcare services specialist Zuoshouyisheng. Sequoia-backed Oushu nets $30m Big Data firm Oushu Inc. on Wednesday announced the completion of a… Continue reading China Digest: Oushu nets $30m; Qiming leads $15m funding for Zuoshouyisheng …
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People Digest: Carro CMO Seewal departs firm; Syfe, Next Gen make new hires
Manisha Seewal has quit car marketplace Carro after leading its marketing function for three years, while robo-advisor Syfe and alternative protein firm Next Gen Foods have announced new hires. Carro group CMO Seewal departs firm The chief marketing officer of Singapore-based used car marketplace unicorn Carro, Manisha Seewal, announced her departure from the company after… Continue reading People Digest: Carro CMO Seewal departs firm; Syfe, Next Gen make new hires
Indian VC firm Prime Venture Partners hits first close of its fourth, $100m fund
Venture capital firm Prime Venture Partners on Wednesday announced that it has secured a $75 million first close of its $100-million fourth fund as it looks at newer areas for investment. The investors or limited partners in the latest fund include the International Finance Corporation (IFC), a part of the World Bank Group, a top-tier… Continue reading Indian VC firm Prime Venture Partners hits first close of its fourth, $100m fund
Fidelity International China president leaves ahead of mutual fund business launch
Fidelity International China President Daisy Ho will leave the company to pursue other career opportunities, the global asset manager said on Wednesday, less than three weeks after Chinese regulators allowed it to set up a mutual fund subsidiary. The departure of Ho, who oversees Fidelity International‘s overall China strategy, “won’t impact the preparation of the company’s China mutual fund business,” the company said… Continue reading Fidelity International China president leaves ahead of mutual fund business launch
CBC-led consortium buys 47% stake in S Korean botox maker Hugel for $1.5b
A consortium led by healthcare-dedicated investment firm CBC Group agreed to acquire a 47% stake in South Korea’s top botox maker Hugel Inc from Bain Capital for 1.7 trillion won ($1.5 billion), GS Holdings and Hugel said on Wednesday. The consortium also includes Abu Dhabi sovereign wealth fund Mubadala Investment Co, South Korea’s GS Holdings Corp and private equity firm… Continue reading CBC-led consortium buys 47% stake in S Korean botox maker Hugel for $1.5b
FCC proposes $5 million fine for activists behind election robocalls
The FCC has proposed the largest fine yet under the Telephone Consumer Protection Act, and the subjects are two robocallers Law & Crime describes as “hard-right hoaxers.” John M. Burkman and Jacob Alexander Wohl are facing a $5,134,500 fine for allegedly making 1,141 unlawful pre-recorded calls to mobile phones without the recipients’ prior consent. The… Continue reading FCC proposes $5 million fine for activists behind election robocalls
Samsung disables the Galaxy Z Fold 3’s camera if you unlock its bootloader
Don’t unlock your new Samsung Galaxy Fold 3’s bootloader if you don’t know what you’re getting into, or you may just regret it. According to XDA-Developers, the foldable device shows a warning when you attempt to unlock its bootloader, telling you that doing so “will cause the camera to be disabled and may cause your… Continue reading Samsung disables the Galaxy Z Fold 3’s camera if you unlock its bootloader
Veego Raises $13M in Series A Funding
Veego Software, a NYC-based company producing actionable insights for an improved connected home customer experience, closed a $13m Series A financing. The round was led by Magenta Venture Partners with participation from existing investors, State of Mind Ventures (SOMV), Robert Bosch Venture Capital GmbH, North First Ventures (N1V), Amdocs Ventures, as well as additional investors.… Continue reading Veego Raises $13M in Series A Funding
Ahead of IPO, India’s Paytm allots shares to 166 former and current employees
One97 Communications Ltd, which runs digital payments firm Paytm, has allotted shares to 166 former and current employees ahead of its planned public listing, according to the company’s filings with the ministry of corporate affairs. More than 1.01 million shares have been allotted to these individuals, the filings showed. The list includes Paytm’s president Amit… Continue reading Ahead of IPO, India’s Paytm allots shares to 166 former and current employees
Debt servicing firm Collectius buys Thailand peer Magnate Group Plus
Collectius, a Singapore-based pan-Asian NPL restructuring firm, announced that it has acquired Magnate Group Plus, one of Thailand’s top five debt servicing companies, for an undisclosed amount. Magnate has more than 350 employees and an annual turnover of over 200 million baht (about $6 million). It currently services customers from banks and other commercial clients,… Continue reading Debt servicing firm Collectius buys Thailand peer Magnate Group Plus