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Indonesian NIDA Rooms secures US$5.6 million series A led by Shanda Group
Budget hotels platform NIDA Rooms announced today that it has secured US$5.6 million in its series A fundraising round led by private investment firm Shanda Group along with participation from other Southeast Asian investors. Commenting…
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Malaysian Blinkware Technology to raise US$2 million from VCs to fund R&D
Malaysia’s Blinkware Technology, a motion and gesture platforms provider is raising US$2 million from venture capital funds to help fund its research and development efforts to roll out the Software Development Kit (SDK) for client…
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Korean ST Unitas to acquire the Princeton Review
During the press conference at Conrad Hotel in Seoul on the 14th of February, Korean’s ST Unitas has made an announcement that it is to acquire the Princeton Review.
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Vietnamese angel investors launch US$5 million Innovatube Fund to focus on frontier tech
Redefining itself as a venture capital firm, Innovatube, a startup incubator with branches in Vietnam, Singapore, Hong Kong, and the United Kingdom, has initiated a US$5 million pre-seed fund for Southeast Asian startups. Innovatube Fund…
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IFC to invest US$20 million in China’s Qiongzhong Rural Credit Cooperative
International Finance Corporation (IFC), the private lending arm of the World Bank, has made an investment of RMB130 million (about US$20 million) in China’s listed bank Qiongzhong Rural Credit Cooperative (RCC). As per an IFC’s…
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China’s JoyMe, Kee Ever to set up US$360 million M&A fund to acquire oversea video game companies
China’s JoyMe and Kee Ever to set up a US$360 million investment fund to acquire oversea game companies.
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Japanese peer-to-peer marketplace app Mercari to acquire Asia-focused auction site Smaoku
Japanese peer-to-peer marketplace, Mercari has announced that it has acquired Zawatt which operates Smaoku as its wholly owned subsidiary. The financial terms of the deal was not revealed.
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COCLEAN Technology secures US$2.9 million series A round led by ZhenFund
Chinese COCLEAN Technology, a developer of indoor air purification systems has recently announced a 20 million yuan (about US$2.9 million) series A round of investment led by Zhen Fund.
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Philippines-based digital payments startup Ayannah to secure US$5 million by April 2017
Operating Sendah and Sendah Direct, Philippines financial technology startup Ayannah has upsized its financing round to US$5 million which is slated to close by April 2017.
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Japanese mobile trading brokerage, One Tap Buy secures US$13.3 million to accelerate system development
One Tap Buy, a Tokyo-based startup developing a mobile trading brokerage application has on 14 February announced its fundraising worth US$13.3 million from Mizuho Securities, Mizuho Capital, and Mobile Internet Capital.
