US-based co-working space operator WeWork has acquired industry peer Naked Hub, which is backed by Hong Kong-based Gaw Capital Partners, as part of a continued expansion in China and Southeast Asia.
Terms of the transaction were not disclosed but Bloomberg reported that it was worth about $400 million. Naked Hub was established in 2015 by Grant Horsfield and Delphine Yip-Horsfield as part of hospitality...
Most traditional large-cap buyout funds have become hybrids in Asia, taking minority stakes in businesses to generate deal flow in certain markets and to harness regional growth trends
Addor Capital – a Chinese VC firm backed by Jiangsu High-Tech Investment Group, also known as Govtor Capital – has raised RMB1.56 billion ($241 million) for its second renminbi-denominated healthcare fund.
India’s Trifecta Capital has closed its second venture debt fund with $140 million in commitments. The firm raised about $68.4 million for its debut vehicle in 2017.
Gitai, a Japanese start-up developing a humanoid general-purpose work robot for use in space, has secured a JPY1.8 billion ($17 million) Series B round from local VCs.