Japanese financial services group Orix Corp. has agreed to buy a 16% stake in Mongolia financial group TenGer Financial Group (TFG) for approximately $24 million
In a statement Orix said it will apply for the necessary permits with a view to making the investment in June. The valuation is based on estimates from investment bank Eurasia Capital, which values TFG...
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.