NewsSEA to offer $400m convertible notes after losses tripled in Q1Tencent will buy up to USD50 million worth of the notes. 1 min read
About a month ago, Carousell announced a USD85- million Series C round led by Rakuten Ventures and EDBI. NewsDeals | Naspers, investor behind the savviest bet in Tencent, is rumored to invest in Carousell2 mins read
Alibaba has made a strategic investment in Babytree. NewsExclusive: China’s largest parenting startup Babytree joins Alibaba’s ecosystem; valued at over US$2.2 billion1 min read
Little Red Book recently raises $300 million as it looks to open its first Shanghai offline store in June. NewsDeals | Exclusive: Alibaba led $300m in ecommerce startup Xiaohongshu’s Series D2 mins read
The financing will be used to hone its technologies, bring in more merchants, and expand its product categories NewsDeals | China Creation Ventures invests millions in Zude, an all-category online rental marketplace3 mins read
ZhiEr raised two rounds of financing worth tens of millions of dollars. NewsDeals | Redpoint China Ventures leads investment in secondhand fashion retailer ZhiEr2 mins read
SoftBank mulls over decision to invest further into Paytm Mall. NewsJapanese internet giant SoftBank considers huge investments into Paytm Mall1 min read
SoftBank Ventures Korea co-led the round. NewsSingapore’s Carro raised $60m in growth and expansion push1 min read
