VC News Network
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Baby Pictures mobile app Qinbabao closes Series B funding led by China’s Fosun Group
Fosun Group, China’s global investment firm has led the Series B investment round in Qinbaobao, a baby picture mobiles app that allows users to upload and share baby pictures and videos.
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Dasin Retail Trust seeks Singapore IPO to raise US$84.5 million
Chinese mall business, Dasin Retail Trust is looking to raise at least 586.4 million yuan (about US$84.5 million) in its initial public offering on the Singapore Exchange (SGX) mainboard.
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Taiping Assets Management leads US$309 million round in Shouqi Car Rental
Shouqi Car Rental raises US$309 million in a fundraising round led by Taiping Assets Management. Tianan Property Insurance and CCB International has also participated in the investment.
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Indonesia MDS raises ownership in Matahari Mall online for US$12.2 million
Indonesian retail firm MDS has increased its ownership in Global Ecommerce Indonesia (GEI), the parent company of local e-commerce startup, MatahariMall.com for a price tag of RP 164.9 billion (about US$12.2 million).
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SATS to acquire 10% stake in Evergreen Sky Catering Corp for US$22.3 million from Malaysia Airlines
Singapore-listed SATS has entered into a conditional share sale agreement with Malaysia Airlines to acquire a 10 percent stake in Evergreen Sky Catering Corporation (ESCC) for RM100 million (about US$22.3 million).
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Taiwan’s Next Entertainment raises US$25 million in Series A round led by China live streaming app Inke
Taiwan-based Next Entertainment, a live broadcasting platform, has closed its US$25 million in Series A financing which is led by Inke with participation from FunPlus, GSR Ventures and Mayfield. The funds will be used for…
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GIC, Tencent, Navlnfo to acquire a 10 per cent stake in open location platform HERE
GIC, Tencent, and NavInfo will be part of a consortium to acquire a 10 per cent stake in HERE as the company unveils its plans to bring its products and services to China.
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SonKim Land secures US$100 million funding from Japanese investors
Through investment funds Lemon Grass Master Fund, Japanese investors continue to pour an additional US$100 million in the JSC Real Estate Son Kim Land.
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Global accelerator Startupbootcamp launches digital health accelerator in Chengdu, China
Startupbootcamp, which operates a global network of industry-focused accelerator programmes, has launched their first China-based programme, a digital health accelerator in Chengdu, the capital of China’s Sichuan province. This programme marks a joint partnership between…
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Healthcare startup, eBeeCare to expand into India and China in 2017
eBeeCare, a healthcare startup is leveraging the rise of MedTech in India and China.
