CDB Capital, the fund management arm of China Development Bank, has led a $42 million round for Wacai, a Chinese finance management mobile app developer.
China Broadband Capital, New Horizon Capital, Qiming Venture Partners and Ally Bridge Group also participated in the round. Set up in 2009, Hangzhou-based Wacai initially launched several mobile apps...
WM Motor Technology's recent Series B round makes it one of the best-funded electric vehicle start-ups in China. The company has ambitions to build an EV ecosystem
Gobi Partners and China Prosperity Capital have led a RMB300 million ($45 million) round of funding for 36Kr Media, a Chinese online technology news platform.
Japanese e-commerce giant Rakuten has launched a Singapore-based accelerator program in conjunction with Techstars. It is Techstars’ first program in an Asian city.
UK-based development finance institution CDC Group has led an $18.6 million Series B round for Indian non-banking finance company (NBFC) Veritas Finance.