China B2B platform targets supply chain disruption
Chinese B2B trading platforms Zhaogang.com and Zhaosuliao.com share more than just a desire to bring about technology-enabled disruption of inefficient offline industry supply chains. They also have several backers in common: IDG Capital Partners, Matrix Partners China and angel investor Zhujie Li.
This is no coincidence. Zhaosuliao was set up in early 2014 with a view to becoming to the plastics industry what Zhaogang already is to China's steelmakers. Bin Mu, the company's founder and CEO, had...
More on Venture
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.