Venture Capital

Chinese tech VCs gain global influence

China’s traditional heavy industries such as manufacturing and construction are due for a makeover.

Softbank’s China venture capital arm is among the investors in the company which sets itself apart from the competition by guaranteeing deliveries within 28 minutes.

Lufax Holding maintained steady profit growth in wealth management, retail lending and government finance by seeking innovations and ensuring compliance.

Trading may go live in the middle of the year.

After the fundraising, Chehaoduo will be valued above $9 billion.

VC financing in China decreased dramatically in the second half of last year.

Philippine startups are lagging behind their Southeast Asian counterparts in terms of venture capital funding.