Asia Digest: SoftBank backs 1NCE; Tencent-backed Amplitude makes Nasdaq debut

Asia Digest: SoftBank backs 1NCE; Tencent-backed Amplitude makes Nasdaq debut

REUTERS/Issei Kato

SoftBank has participated in a $50 million financing round in 1NCE, a Germany-based fully-fledged Internet of Things (IoT) network carrier. In a separate development, Tencent-backed Amplitude has touched $5 billion valuation after its shares opened nearly 43% above their reference price in their Nasdaq debut on Tuesday.

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