Rahul Yadav, the controversial CEO of VC-backed Indian property listing platform Housing.com, has said he will transfer all his shares in the company to its employees.
Yadav is Housing.com's fifth largest shareholder and owns a 4.57% stake in the business. His shares - which he claims are worth as much as INR2 billion ($31 million) - will be divided between 2,251 employees....
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.