Dragonfly Capital Partners raises $100m first fund for cryptocurrency deals

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The fund’s investors include Neil Shen of Sequoia China, Zhang Tao of Meituan-Danping, Baidu founder Eric Xu, Salil Deshpande of Bain Capital Ventures, JP Gan of Qiming Venture Partners, and Annie Xu of Alibaba U.S.

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Indonesian home design startup Dekoruma bags Series B from GDN, AddVentures

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The round was joined by Skystar Capital and existing investors Beenext and Convergence.


India Dealbook: Bain, Infosys back TidalScale; Truebil bags $1m; RevFin raises seed round

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Truebil, an online marketplace to buy and sell second-hand cars, has raised close to $1 million in a fresh round from existing investor Kalaari Capital.


China’s internet giant Tencent said to raise over $650m for new VC fund

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Tencent, whose internal venture arm is co-led by Forest Lin and Jeffrey Li, is one of China’s most prolific investors, seeding at least 600 companies.


China Digest: Deep Intelligent Pharma, Meishubao secure funding

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Chinese startups Deep Intelligent Pharma and Meishubao has secured $15 million each in their latest funding rounds.


SG biotech firm RWDC raises $13m round co-led by Vickers, WI Harper

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The latest financing will help RWDC accelerate the development of its polyhydroxyalkanoate (PHA) biodegradable biopolymers that it says can replace single-use plastics,


Singapore’s TabSquare secures $7.2m in Kakaku.com-led Series B

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The Series B round was closed over two years after the company raised $2.57 million in its Series A led by Walden International.


Early-stage investor IDG Ventures India rebrands to Chiratae

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IDG Venture’s move is as part of a broader strategy to move away from the global brand and appeal more to entrepreneurs in India.


China’s Airbnb rival Xiaozhu raises $300m from Jack Ma’s Yunfeng Capital

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The company’s top rival, Tujia.com, raised $300 million in October 2017 and is backed by Chinese travel-giant Ctrip.com International.


Indonesia’s GoWork raises $13.8m in Series A co-led by Gobi Partners, Paradise Group

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GoWork plans to use the proceeds to triple its footprint by next year, targeting over 100,000 sqm in operation by early 2020.