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Funding — 13 Jun 2024

TymeBank, a South African digital bank backed by China’s Tencent Holdings, is raising $150 million (R2.8 billion) to enhance its growth as it gears up for an initial public offering […]

Venture Capital — 26 Mar 2024

In January 2024, China saw the announcement of 251 venture capital (VC) funding deals, with a disclosed funding value of $2.6 billion, marking a decline of 8.4% in deal volume […]

Venture Capital — 22 Mar 2024

Daniel Zhang, the former CEO of Alibaba Group, has taken on a new role as managing partner at China-based venture capital firm Firstred Capital. The announcement comes six months after […]

AI & Big Data — 22 Feb 2024

Moonshot AI, a Chinese AI startup, has clinched a staggering sum of over $1 billion in its Series B funding round for the development of large language models (LLMs). The […]

Accelerator — 8 Feb 2024

Netherlands-based investment firm Orient Growth Ventures has successfully closed its second fund, Orient Growth Fund II, amassing $90 million in commitments. This fund is a major increase from its inaugural […]

Accelerator — 26 Jan 2024

InnoVen Capital, the venture debt provider backed by Temasek’s Seviora and UOB, has announced the launch of its second China fund, InnoVen China Fund II, with an initial close of […]

Deals — 2 Jan 2024

Chinese venture capital firm GBA Capital has unveiled plans to allocate $10 billion for a Web3 fund with a focus on supporting startups in virtual reality, the metaverse, and non-fungible […]

IPO & Markets — 7 Nov 2023

Fast-fashion giant Shein is preparing for a U.S. initial public offering (IPO), aiming for a valuation as high as $90 billion, according to sources familiar with the matter. This valuation […]

IPO & Markets — 12 Oct 2023

Courier startup J&T Global Express is preparing for an initial public offering (IPO) in Hong Kong to achieve an approximately $13 billion valuation.  The company, which originated in Indonesia and […]

Governments — 22 Sep 2023

Silicon Valley venture firm GGV Capital has decided to split into two separate entities, one focused on Asia and the other on the United States. This decision follows a trend […]

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