Coatue Management has led a $350 million Series D round of funding for Zuoyebang, a Chinese K-12 education platform that spun out from domestic search giant Baidu.
Goldman Sachs, Primavera Capital Group, GGV Capital, Sequoia Capital China, and Tiantu Capital all took part in the round. There were also commitments from Xianghe Capital, NEA, and Taihe Capital, according...
Chinese gene therapy specialist Exegenesis Bio has received $20 million in Series B funding led by Legend Capital. It will be used to support clinical development of the company’s drug portfolio.
Alibaba Group has led a $300 million round for Chinese electric vehicle (EV) manufacturer Xpeng Motors. It comes barely two weeks after the company closed an extended Series C round of $500 million.
EDBI, the investment arm of Singapore’s Economic Development Board, has invested in Vesta, a US-based fraud and payment technology start-up with ambitions to expand into Asia.
Hana Financial has invested KRW100 billion ($85 million) in a portfolio of Korean waste to energy (WTE) projects controlled by Global Infrastructure Partners (GIP).