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.
Shunwei Capital has led a $25 million Series B round for ScaleFlux, a hardware firm based in the US and China.
Hong Kong plans to increase funding to two local incubation programs – Cyberport and Hong Kong Science & Technology Park (HKSTP) – in the expectation they will play a leading role in the drive to turn the territory into an innovation hub.
Singapore-based VC firm Hatcher and Australian accelerator BlueChilli will jointly invest a $125 million exchange-traded fund that will back 240 start-ups globally over the next three years.
Beijing Infervision, a Chinese company that develops medical imaging technology empowered by artificial intelligence (AI), has raised RMB300 million ($47 million) in funding from investors including Xianghe Capital.
SBI Investment has made the first investment from its artificial intelligence (AI) and blockchain technology fund, leading a JPY1.1 billion ($10.3 million) round for Japan’s Ascent Robotics.
With a market focus and a user acquisition mechanism that differentiate it from other Chinese news and video apps, Qutoutiao impressed Tencent Holdings enough to secure a $200 million Series B round
Redpoint China Ventures has closed its debut renminbi-denominated VC fund at RMB700 million ($110 million).
Tencent Holdings has led a Series B round worth more than $200 million for Qutoutiao, a Chinese mobile news reading app. The round gives the company a post-money valuation of $1.6 billion.
The state government of Victoria in Australia has confirmed a plan to invest A$15 million ($12 million) in the local agricultural technology sector.
GTR Ventures, a Singapore-headquartered VC firm launched last September, has made its debut investments in five financial technology companies.
MDI Ventures, the corporate VC arm of state-controlled telecommunications firm Telkom Indonesia, has led a $10 million funding round for Australian communications platform Whispir.
JW Therapeutics, a China-based clinical stage biopharmaceutical company, has raised $90 million in a Series A round of funding led by Temasek Holdings, Sequoia Capital China, and Yuan Ming Capital.
Singtel Innov8, the venture arm of Singapore telecom giant SingTel has teamed up with NUS Enterprise, a start-up program under National University of Singapore, to launch a cybersecurity incubator.
Burda Principal Investments, the investment arm of European technology and media company Hubert Burda Media, has led a $19 million Series B round for Malaysian online used car marketplace Carsome.
Tencent Holdings has participated in a $461.6 million Series B funding round for Huya, a VC-backed Chinese game broadcasting subsidiary of US-listed social networking platform YY.
Japan’s Global Brain has participated in a token sale that raised $30 million for Electrify, a Singaporean electricity marketplace using blockchain technology. The company claims the sale received offers in excess of $1.3 billion.
The past 12 months has seen a long-expected surge of investments into India’s technology sector by Chinese financial and strategic investors. They are providing a significant boost to the local market
Matrix Partners China has led a RMB100 million ($15.8 million) round for 23Mofang, a Chinese genetic testing services provider.
India’s demonetization policy has been the principal driver for a surge in financial technology investment in the country, according to research by Accenture and CB Insights.
A raft of specialist fundraising activity by technology and automotive corporates suggests start-ups in nascent areas of the mobility industry could benefit from a near-term uptick in M&A activity.
Lightspeed India Partners renews its commitment to B2B online marketplace Udaan and its emphasis on data-derived trustworthiness
Kuandeng Technology, a Chinese start-up developing precision mapping technology for self-driving cars, has completed a Series A round of funding led by IDG Capital.
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.