Digest: Althea raises $3.5m, Tencent bets on YG, China-S Korea VC fund

Digest: Althea raises $3.5m, Tencent bets on YG, China-S Korea VC fund

Dawn at Formula 1 in Yongnam,South Korea. Credit: Flickr/Konstantinos Kazantzoglou

Cosmetics e-commerce firm Althea has closed a $3.5 million Series A investment while YG Entertainment has closed an $85 million investment from Tencent and Weiying Technology.

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