Infostellar, a Japanese company developing cloud-based satellite communication technology, has closed a $7.3 million Series A funding round led by US-based Airbus Ventures.
Additional participation came from WERU Investment, D4V, Sony Innovation Fund, FreakOut Holdings and 500 Startups Japan. The capital will be used to launch the company’s flagship antenna platform known...
Investors appear to be discounting Asia risk in the face of rising political concerns, ranging from North Korea to Myanmar
Chinese electric vehicle maker CHJ Automotive has completed a RMB3 billion ($474 million) Series B round led by Matrix Partners China and Shougang Fund, an investment firm backed by state-owned steel producer Shougang Corporation.
Naspers has sold a small portion of its stake in Tencent Holdings – the Chinese internet giant in which it acquired an approximately one-third stake for $32 million 16 years ago – for HK$76.9 billion ($9.8 billion).
Shunwei Capital has led a $25 million Series B round for ScaleFlux, a hardware firm based in the US and China.