Chinese private equity firm NewMargin Capital has led a $115.3 million investment in Hong Kong’s TNG Fintech. It is said to be the largest Series A round for a Hong Kong start-up to date.
In a statement, the company described the investment as one of the largest Series A rounds ever received by any financial technology company and declared a post-transaction valuation of $565 million. Other...
Space Cycle, a boutique fitness studio chain operating in mainland China and Taiwan, has raised a RMB100 million ($15.6 million) Series B round of funding led by Alibaba Taiwan Entrepreneurs Fund.
Creador is targeting $500 million for its fourth Southeast Asia and India-focused fund. The private equity firm closed its previous vehicle at $415 million in late 2016.
SBI Investment, the VC arm of Japan’s SBI Holdings, has launched a JPY50 billion ($450 million) fund that will focus on artificial intelligence (AI) and blockchain technology.
Singapore’s Temasek Holdings has led a Series C round of undisclosed size for Rokid, a Chinese artificial intelligence (AI) developer focused on home automation devices.