By Clare Jim
Naked Hub said it expects to close its third financing round of up to $200 million by the end of this year.
Foreign banks include Citigroup, Deutsche Bank, HSBC , and Standard Chartered,
Intel Capital announced its latest tranche of investments worth $60 million in 15 global startups.
ITF Corporation, the world’s first fintech bank founded by Hui Jie Lim and funded by US investor Jim Rogers, will set up its headquarters in Hong Kong and start operations next year. The bank – which aims to work with fintech companies in the city – will develop products and… Read more »
It comes within weeks of Legend Holdings’ acquisition of Luxembourg’s Banque Internationale.
Vitol Group’s negotiations to buy Noble Group Ltd.’s oil trading unit are “very complicated” and may not end in a deal
Four of the top five unicorns are Chinese, trailing Uber that still holds the crown at $68 billion.
China Creation Ventures made its debut in April by raising its first RMB fund at RMB1.5 billion ($220 million).
Evolution Media China, Ventech China, Vertex Ventures and Zhiping Capital also joined the round.
Tencent led the round that was joined by Sequoia Capital, Singapore’s GIC, and Tiger Global Management.