A group of VCs including China Growth Capital have agreed to invest $16 million in Ono, a China-based company that claims to be the creator of the first decentralized social network.
M17 Entertainment, a Taiwan and Singapore-based media streaming company, has abandoned plans for a $60.1 million IPO in the US citing unspecified difficulties with some investors.
Japan’s home robotics industry is still in its early stages, and considerable work is required to create devices that can both appeal to everyday consumers and meaningfully contribute to their lives
Venture capital deals involving IDG Capital, Orchid Asia, Fosun Group, Matrix Partners, ZhenFund, Sky9 Capital, CDH Investments, Meridian Capital, Eastern Bell Venture Capital, SIG, and Qianhai FoF
China Growth Capital has led a $17.7 million Series A round of funding for Cheduoduo, a newly launched Chinese used car trading platform, with participation from Source Code Capital.
Blackbird Ventures has led a $10 million Series A round for Propeller Aero, a cloud-based analytics technology supplier focused on drone use in heavy civil and resources industries.
Hong Kong-based Beyond Ventures has joined a $10 million round for ePropulsion Innovation, a domestic technology developer focused on electric motors for recreational boating.
Pivotal BioVenture Partners China, an investment platform of Hong Kong conglomerate Nan Fung Group, has led a $16.5 million seed round for Sino-US cancer drug developer Oncologie.
Hangzhou Just Biotherapeutics (Just China), the Chinese joint venture of US drug developer Just Biotherapeutics, has received $35 million in Series B-plus funding led by Hillhouse Capital.
The application of virtual tokens as investment instruments is modernizing the venture capital industry. Stakeholders are discovering a range of pitfalls and possibilities during the transition
Sequoia Capital China, CDH Investments, and Yunfeng Capital have provided more than $100 million in Series A funding to ZTO Freight, an affiliate of US-listed Chinese delivery company ZTO Express.
Wei Zhou, founder and managing partner of China Creation Ventures, discusses VC and technology trends
Venture capital deals involving N5 Capital, Matrix Partners China, JD.com, Fortune Capital, Juxiu Capital, Oriza Holdings, Ameba Capital, ZhenFund, Yunqi Partners, SIG, and Crystal Stream Capital
East Ventures, a VC firm focused on Japan and Southeast Asia, has joined a $32 million initial coin offering (ICO) for Switzerland-based bitcoin wallet operator BRD.
A group of VCs including Yashang Capital and Westlake Ventures have backed a $20 million Series A funding round for Singaporean biotech developer Lion TCR.
CDH Investments has led a RMB250 million ($39 million) Series B round of funding for HitGen, a Chinese biotech company that develops drugs based on the synthesis and screening of DNA fragments.
TiumBio, a South Korean drug developer working on treatments for cancer, diabetes and hemophilia, has secured KRW23.5 billion ($21.8 million) in Series B funding.
A group of VCs, including Sequoia Capital, have committed $260 million to Brii Biosciences, a China and US-based healthcare start-up executing a number of China-focused growth initiatives.
Venture capital deals involving FoxConn, China Minsheng Investment Group, Qiming Venture Partners, GGV Capital, Matrix Partners China, Hongxiu VC, Geekbeans Capital, Albatross Venture, Node Capital, and Insight Capital
Bernard Moon, co-founder of SparkLabs Group, has helped bring a global approach to seed investment. Early work bridging US and Korean start-up cultures clarified the value in going cross-border early
Indonesia-based Alpha JWC Ventures has agreed to invest up to $5 million in PayPal’s financial technology start-up incubation program for Southeast Asia.
Hanoi and Ho Chi Minh City provide Vietnam’s nascent start-up scene with a unique double-hub structure. Ecosystem gestation remains slow but it is supported by a nuanced diversity
Malaysia-based financial technology start-up Jirnexu has received an $11 million Series B funding round led by Japan’s SBI Group.
Venture capital deals involving Fortune Capital, Sina Weibo, Sequoia Capital China, ChinaEquity Group, Cornerstone Capital, Geekbeans Capital, Atlas Capital, and Heyi Capital