NAB Ventures, a unit of National Australia Bank (NAB), has joined a A$9 million ($7 million) Series A funding round for BrickX, a domestic financial technology start-up focused on the real estate sector.
Founded in 2014, BrickX offers an online platform that helps customers purchase and monitor real estate assets through an emerging scheme known as fractional property investment. The approach allows retail...
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.