Formation 8
Cross-border e-commerce player Wish files for US IPO
Wish, a cross-border e-commerce platform that connects Chinese merchants who primarily sell products through domestic channels like Alibaba Group’s Taobao and Tmall with consumers in the US and Europe, has filed for a US IPO.
South Korea's MyMusicTaste gets $11m Series C
KTB Network has led an $11 million Series C funding round for MyMusicTaste, a Korean crowdsourcing platform operator focused on organizing fan-requested concerts.
Sino-US shopping app Operator raises $15m Series B
Operator, a US-based conversational shopping app, has closed a $15 million Series B round led by GGV Capital, which is intended to help accelerate its expansion in China.
Formation 8 leads round for Korea's Yello Mobile
Formation 8 has re-upped in South Korean mobile internet company Yello Mobile, leading a $47.2 million financing round. The capital will be used to strengthen the company’s business domestically and across Asia.
Formation 8's Brian Koo launches Asia-focused VC firm
Brian Koo, co-founder of Formation 8, has launched a new venture capital firm that will invest in a smaller portfolio of Asia-focused companies with a view to accelerating growth through deep operational involvement.
Formation 8 backs Singapore grocery delivery service
US venture capital firm Formation 8 has led a $15 million Series A round for Singapore-based on-demand grocery delivery start-up Honestbee.
Korean start-ups: Pursuing critical mass
A handful of Korean start-ups have achieved valuations in excess of $1 billion as investors look to leverage a mobile-centric consumer base. But how many unicorns can this market accommodate?
Q&A: Formation 8's Brian Koo
As Formation 8 prepares to launch an Asia fund, Brian Koo, co-founder of the venture capital firm, explains why the strategy has evolved from rolling out US technologies in Asia to backing local start-ups