Search Results for:Mars Woo

Xiang He raising $350m for second China TMT-focused VC fund

The venture capital firm was founded by Hesong Tang, a former Vice President at Baidu who was in charge of strategic M&A and investments at the Chinese firm.


Singapore’s blockchain credit rating protocol Points raises $8m

The seed round was joined by DHVC, Cherubic Ventures, Ce Yuan, Ontology Foundation, Nest.Bio Ventures, and Zhong Cheng Xin Credit Technology.


Tencent-backed Q&A platform Zhihu said to raise $300m at $2.5b valuation

Zhihu is China’s version of US-based Q&A site Quora, which was last valued at $1.8 billion in 2017.


Closed Loop launches fund to back firms trying to keep the ocean plastic free

The investment fund, Circulate Capital, will invest in companies, projects, and innovations that seek to prevent ocean plastic in South and Southeast Asia.


Chinese fintech firm Advance.AI secures $50m in Series B

The company’s big-data platform provides anti-fraud detection services for loan applications, among others.


IFC mulls investing in Jungle Ventures’ $150m third fund

IFC is considering an investment of up to $5 million in the VC firm’s third fund.


Tencent-backed online education firm Koolearn files for HK IPO

The proposed listing follows three rounds of funding backed by investors including Tencent, Dragon Cloud, ChinaCity Capital, and Tigerstep.


Hillhouse Capital’s latest PE fund secures $85m commitment from Texas County

Hillhouse is raising up to $8 billion in a private equity fund that will invest in China and the rest of Asia.


Chinese used car marketplace Cango sets terms for $138m US IPO

The target amount is lower than the $300 million that the company initially planned to raise when it filed its US SEC filing in June.


Singtel-backed digital marketer Amobee acquires Videology assets for $101m

Amobee acquired the assets through a court-supervised auction, following Videology’s voluntary reorganization bankruptcy under Chapter 11 of the US Bankruptcy Code.