Chinese smart bike rental services start-up Mobike has raised a $600 million Series E round of funding led by existing investor Tencent Holdings. It is said to be the largest ever financing round in the bike-sharing industry globally.
The valuation of the latest round - which brings the total raised by Mobike in 2017 to nearly $1 billion - was not disclosed. The company said it plans to accelerate its expansion across multiple markets,...
Baidu Capital, a VC firm backed by Chinese search engine Baidu, has led a round of funding for WM Motor Technology, a Chinese electric vehicle manufacturer.
NSI Ventures has reached a first close of approximately $60 million on its second Southeast Asia venture capital fund and also participated in a $5 million Series A round for Singapore-based digital healthcare company Biofourmis.
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a commitment of up to $20 million in the third India-focused vehicle of Lighthouse Funds.
GenBridge Capital, a private equity firm set up by former executives from Chinese online retailer JD.com and TPG Capital, has closed its debut consumer-focused fund at the hard cap of $500 million.