Korea’s Samsung has committed KRW25 trillion ($22 billion) to a technology innovation drive that will focus strongly on domestic R&D and include an expansion of the company’s venture incubation program.
The initiative will be driven by the company’s IT affiliate Samsung Electronics, encompassing artificial intelligence (AI), 5G telecommunications, automotive electronics components, and biotechnology....
The Blackstone Group has agreed to invest $400 million in YiChang HEC Changjiang Pharmaceutical (HEC Pharm), a Chinese drug developer listed in Hong Kong, through a convertible bond issuance.
Silicon Valley-based seed-stage accelerator Y Combinator (YC) has chosen Qi Lu, the former group president and COO of search giant Baidu, as the founding CEO of its China branch, YC China.
Singapore’s Golden Equator has launched an accelerator in Brunei aimed at helping local small to medium-sized enterprises (SME) expand across Southeast Asia.
Clobotics, a China and US-based computer vision start-up backed by a number of venture capital firms, has raised $11 million in Series A funding.