China Digest: Alibaba Entrepreneurs Fund backs Lynk; Hui-Gene nabs $14m

biopharmaceuticals. Credit: Flickr/Laurence Livermore

MassMutual Ventures Southeast Asia, Alibaba Entrepreneurs Fund and Wavemaker Partners have invested in knowledge-as-a-service (KaaS) company Lynk while gene therapy biopharmaceutical firm Hui-Gene has gathered over 100 million yuan ($14 million) in its Series A funding round.  

Alibaba Entrepreneurs Fund backs global KaaS platform Lynk

Lynk, a global network that connects world-class experts to users, has raised an undisclosed round of funding led by MassMutual Ventures Southeast Asia, according to a company statement. 

Existing investors Alibaba Entrepreneurs Fund, an initiative of Chinese internet giant Alibaba, and Wavemaker Partners, also joined the round. 

Since 2015, Lynk has created a KaaS-based technology platform to provide solutions on natural language processing, conversational AI analytics and machine learning. Through the platform, enterprises can approach experts in any sector to gain market insights. 

Lynk serves over 14 languages in different time zones with offices in Singapore, Hong Kong, New York, and Mumbai. 

Hui-Gene Therapeutics raises over $14m in Series A round

Chinese biopharma firm Hui-Gene Therapeutics has gathered over 100 million yuan ($14 million) in its Series A round led by CD Capital, per a company statement on Monday. 

The current round also saw participation from WuXi AppTec, Huimei Healthcare Management – a joint venture by Hillhouse Capital and Mayo Clinic, Alwin Capital, and existing investor Sherpa VC. 

Established in 2018, Shanghai-headquartered Hui-Gene is focused on R&D for single-gene disorders and has developed pilot pipes in neurodegenerative diseases, vision disorders, among others.

Hui-Gene plans to facilitate its pipeline, build a clinical-stage team and scale a GMP-level manufacturing factory. 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.