With a market focus and a user acquisition mechanism that differentiate it from other Chinese news and video apps, Qutoutiao impressed Tencent Holdings enough to secure a $200 million Series B round
Toutiao has become the major player among China’s news and video aggregation apps by establishing itself as the preferred source of content ranging from economic analysis to celebrity news in cities...
Most traditional large-cap buyout funds have become hybrids in Asia, taking minority stakes in businesses to generate deal flow in certain markets and to harness regional growth trends
Addor Capital – a Chinese VC firm backed by Jiangsu High-Tech Investment Group, also known as Govtor Capital – has raised RMB1.56 billion ($241 million) for its second renminbi-denominated healthcare fund.
India’s Trifecta Capital has closed its second venture debt fund with $140 million in commitments. The firm raised about $68.4 million for its debut vehicle in 2017.
Gitai, a Japanese start-up developing a humanoid general-purpose work robot for use in space, has secured a JPY1.8 billion ($17 million) Series B round from local VCs.