China: SenseTime backs WeRide; Starquest leads funding for Miaoshou Doctor

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Autonomous driving startup WeRide has raised “tens of millions of US dollars” in fresh funding from AI firm SenseTime and ABC International, a wholly owned subsidiary of the Agricultural Bank of China.

WeRide

SEA-focused Nest Tech targets to invest in 20 startups in two years

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Nest Tech is looking to invest in startups mainly from Myanmar, Vietnam and Singapore.


BasisAI raises $6m from Temasek & Sequoia India in one of the largest seed rounds in SG

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Basis AI, an early-stage AI startup, aims to build scalable and accountable machine learning products for digital enterprises. 


Chinese EV startup Byton seeks to raise $500m at a valuation of $4b

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Byton is backed by China’s retail giant Suning and healthcare services provider Fullshare Holdings.


Goldman invests over $100m in women-led startups

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Goldman’s pledge to inject $500 million into firms run by women may help burnish the bank’s reputation among budding businesses.


India: Cloud kitchen InnerChef raises $6.5m in pre-Series B funding round

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The company claims to have raised $10 million in funding so far.


S Korean adtech startup Madup secures $12m in Series B funding

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Praxis Capital, Stonebridge Ventures, ID ventures, MG investment, and Seoul Investment Partners were the investors.


Indonesia’s IDN Media raises Series C funding round led by EV Growth

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Other investors participating in the round include Charoen Pokphand’s True Digital & Media Platform and LINE Ventures.


SoftBank drops plan to pick controlling stake in WeWork, to make smaller $2b investment

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SoftBank, which has already invested more than $8 billion in WeWork, had discussed potentially spending $16 billion to buy a larger position in the company.


Greater China grabs top spots in VC deals as activity hits record highs in 2018

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Nine of the top ten deals in the year came from Asia of which seven were in China, according to a Preqin report.