Cento Ventures has led a $52 million round for 2C2P, a Singapore and Bangkok-based payments platform that claims to serve some 620 million customers across Southeast Asia.
IFC and Arbor Ventures also participated. It brings total funding to $70 million. Melissa Guzy, co-founder of Arbor, described the company as “freeing up trillions of dollars stuck within the cash economy.”...
Newlink Group, operator of a platform that helps drivers in China locate the best value gas stations, has raised a RMB900 million ($128 million) Series D round led by China Capital Investment Group. Xiaomi Corporation also participated.
Chinese biotech start-up Harbour BioMed has raised $102.8 million in Series C funding. It comes four months after it closed an extended Series B round of $75 million.
Vietnam’s VinaCapital and Japan’s Daiwa PI Partners are poised to make a partial exit from Vietnamese dairy producer International Dairy Products (IDP).
BlueCity Holdings, the VC-backed holding company for Chinese gay dating platform Blued, traded strongly after raising $84.8 million through a NASDSAQ IPO.