Bigger, a Beijing-based co-working space operator established by Hong Kong-listed property developer Modern Land, has completed a $18 million Series A round led by an investment unit of real estate company Hongfu Group.
First Care, an incubator program also backed by Modern Land, re-upped in this round. The latest funding will be used to scale up Bigger's business and diversify its service offering to include dining,...
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.