International Finance Corporation (IFC), the investment arm of the World Bank, has increased its stake in Mongolia's TenGer Financial Group (TFG) to 19% for an undisclosed amount.
IFC, which previously held a 15% stake in TFG, has also signed advisory agreements with the group's commercial banking subsidiary XacBank to strengthen its capacity to serve smaller enterprises - many...
The government of Shenzhen, China has launched a VC fund with an initial corpus of RMB500 million ($79 million) to invest in blockchain start-ups in the city.
Sequoia Capital China and Serica Partners have co-led an $11 million Series A round for US-based molecular diagnostics start-up NuProbe.
Shenzhen Capital has joined a $30 million Series C round for US-based 3D printing company Formlabs that will support an expansion effort in China and Asia.