By Pramugdha Mamgain
In startup funding updates from China, fintech firm Wacai has raised $42 million from China Development Bank Capital, while Ruigu Shop, an e-commerce platform focused on the Chinese electrical hardware sector, has raised RMB100 million led by Chengwei Capital. CDB leads $42m round in Wacai Chinese financial technology firm Wacai has raised… Read more »
Venture-backed Truck Alliance is facing a trial by fire to win broad acceptance
Asia-focused dry powder levels up $21 billion from 2016-end.
Silk Ventures will focus on fintech, artificial intelligence, medical technologies
AirAsia currently operates in India, Indonesia, Japan, Thailand & Vietnam.
KKR first invested $100 million in the dealership operator in 2010.
KNX has raised investment from a number of firms including Oriental Fortune Fund and Everbright Securities. CareerFrog has got a series B investment from Huatu Capital.
Business for Mobike, ofo and other apps has taken off in the past year
The firm is looking to raise about $200 million.
BOCOM International Holdings Company, the Hong Kong investment banking arm of China’s fifth-biggest bank, priced its Hong Kong IPO near the bottom of expectations, underscoring the tough environment for financial companies in the Asian financial hub. The company, a unit of Bank of Communications Co Ltd (BoCom) , priced the… Read more »