NewsDeals | Ant Financial Invests in China’s Third-Largest Hellobike’s $700 Million RoundExisting investors include WM Motors, Fosun, and GGV Capital. 1 min read
Toutiao is reportedly eyeing to compete with Alibaba and Tencent in instant messaging tool for enterprises. NewsDeals | Toutiao Invested in China’s Google Docs-like Shimo, Paving Out Its Way to Tap into the Enterprise Services1 min read
Cost control is a key element of the commercial aerospace industry NewsDeals | Chinese Equivalent of SpaceX Raises US$ 32 Million in Series B Round to Develop the Country’s First Privately Funded Liquid Rocket Engine3 mins read
Starting from ticketing, the company tries to dig up opportunities in upstream markets within the industry. NewsDeals | Piaoniu.com, a Ticketing Platform Offering Data Service for Companies in Upstream Markets, Finishes Series B Funding3 mins read
Plus, Walmart may buy a majority stake in Flipkart by the end of June. SGX would list Indian equity derivative products in June. NewsKrASIA Daily: Warburg Pincus in Talks to Invest in Ant Financial’s $8 Billion Round4 mins read
The American company faces competition from Ucommune and KrSpace in China. NewsDeals | WeWork China Merges with Local Rival Naked Hub to Beef up Presence in China2 mins read
The company’s operational motto: Refine it, supply chain service in this case, before expanding its reach. NewsDeals | B2B Supply Chain Platform Xianshiji.com Rakes In Series B of Nearly US$15.9 Million Led by IDG Capital and HJ Capital3 mins read
NongFenQi’s approach is to cut into the agricultural production links using financial tools, followed by gradual expansion to the whole industry chain. NewsDeals | Innoven Capital and BAI Invest Hundreds of Millions of Yuan C Round Financing in Rural Credit Company NongFenQi4 mins read
Plus, Lyft mulls to enter Japanese ride-hailing space. Allianz invested in Go-Jek. NewsKrASIA Daily: Pinduoduo Adds $ 3 Billion to Its War Chest to Keep Growing Momentum 4 mins read
