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.
No additional investors or ownership details have been disclosed, although YY will retain control over Huya. As part of the transaction, Tencent will have an option to purchase additional shares in the...
The Asian Development Bank (ADB) has agreed to invest $25 million in Exacta Asia Investment II (Exacta II), a Southeast Asia-focused vehicle launched last year by Japan’s Mizuho Bank.
Bcause, a US-based cryptocurrency services company backed by SBI Holdings has received a commitment of undisclosed size from China Health Checkmate (CHC) to support an Asian expansion.
Wukongbao, a Beijing-based online insurance broker, has raised millions of US dollars in a Series B round led by Chinese classifieds platform 58.com, with participation from Guohua Life Insurance.