The positioning service provider was set up in 2015 by Alibaba and Norinco Group, a Chinese defence corporation.
Editor’s Take: The week that was – October 14-18
India’s Cipla buys novel anti-infective drug Elores from Venus Remedies
India: L&T to acquire partner in L&T IDPL, make it fully-owned arm
Chinese firm TikTok ropes in Nikhil Gandhi as India head
India: Swiggy eyes 100m customers using its app over 15 times a month in 10-15 yrs
Singapore’s Temasek mulls setting up new renewables-focused unit
Bukalapak said to have held merger talks with Alibaba-backed Lazada
Indonesian edtech startup Zenius eyes $20m funding, in talks with Northstar
Ant Financial-backed BAce leads Series A funding in Indonesian proptech startup RoomMe
Singapore: Insignia Ventures Partners raises $200m for second fund
Golden Technology's existing investors including Hillhouse Capital, Wanda Group, Prometheus Capital, and IDG also joined the round.
For Northstar, an investment in Zenius would mark its first deal after it hired former Google Indonesia head Henky Priatna to make early-stage tech in
Its Series E and Series E+ rounds were led by Tiger Global Management and Tencent, respectively.
Home decor platform The Little Bear raised $18 million led by Chinese PE firm Immensus Capital.
It is in talks with Indonesian VCs to explore co-investments beyond the pre-seed stage level.
Curiox plans to pursue an IPO on the Korean stock exchange, KOSDAQ, in the next 36 months.
IPOs & Markets
Megvii has lost access to American components -- including chips from Nvidia that are key to its business -- but hasn’t changed its goal of going pu
Deep tech investments jumped 25% to $305.2 million across 76 deals from January to September this year.
TAEL Partners-backed EQuest Education has invested an undisclosed sum in Vietnam-based edtech startup 789.vn.
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