VC News Network
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Mobvista secures US$100 million credit facility from Bank of China
Bank of China granted almost US$100 million credit facility to Mobvista, a global leading mobile marketing company, marking the largest credit facility in the industry of China.
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Wah Seong Corp acquires German pipeline coating firm mutares AG for US$20.6 million
Wah Seong Group has acquired a Germany-based pipe coating firm, mutares Holding-16 AG for US$20.6 million, to gain access to mutares’ pipe coating plant for the Nord Stream 2 project in the Baltic Sea.
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China Media Capital, SECA to invest tens of millions of Euros in FIA Formula E Championship
CMC Capital Partners announced on Tuesday that it has invested millions of euros into Formula E Holdings, the official promoter of the FIA Formula E Championship.
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BookMyShow acquires majority stake in Pune-based DIY events platform Townscript
BigTree, the owner of Bookmyshow makes its second acquisition this year after it took over Hyderabad-based MastiTickets last month.
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Nazara Games invests US$20 million to set up Indian professional eSports gaming league
Nazara Games announced on Tuesday that it will invest US$20 million in a new esports league in India, a series of organised multiplayer video game tournaments.
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Chinese consumer appliance maker Midea to buy Israeli motion control firm Servotronix for US$170 million
Chinese robotics and electronics giant – Midea has acquired the control of Petah Tikva-based automation solutions – Servotronix at a company value of US$170 million.
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Chinese honeymoon-themed hotel Shilili secures US$14 million round led by Matrix Partners China
Shilili, a hotel in China that focuses on romantic themes has secured a RMB100 million(about US$14 million) round led by Matrix Partners China.
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SportsPlay acquires Jogo to bring Malaysian sport fans a better platform
Malaysian sport-related platforms, SportsPlay and Jogo has undergone an M&A deal in order to create a better platform experience for Malaysian sports lovers.
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Indonesian Moka raises US$2 million round led by Mandiri Capital
Moka, a Jakarta-based startup that focuses on building mobile point-of-sale (mPOS) for restaurants and retails has secured a US$2 million round led by Mandiri Capital which will be used to speed up product development.
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Israeli JOY Ventures launches US$50 million neuro-wellness fund
Joy Ventures, a new Israeli investment firm, has recently initiated a US$50 million fund along with an inauguration of office in Herzliya Pituach. The venture vehicle will be focused on an emerging field of technology…
