Investment & Financing
GGV Capital Raises $2.52 Billion to Invest in Entrepreneurs Around the World
MENLO PARK, Calif. and SINGAPORE, Jan. 28, 2021 /PRNewswire/ -- Global venture capital firm GGV Capital today announced the closing of the largest family of funds in its 20-year history, totaling$2.52 billion. The committed capital includes$1.464 billion for GGV Capital VIII, L.P. ("Fund VIII"), ...
China records the top five largest VC deals globally in Q4'20, finds KPMG analysis
HONG KONG, Jan. 28, 2021 /PRNewswire/ -- Venture Capital (VC) investment in Asia continued to rebound in Q4'20, primarily driven by a continued surge in investment inChina. Chinese companies accounted for nine out of the top ten largest VC deals inAsia Pacific, including the top five mega-deals ...
100 Platform Partners, Nine Countries, 22 Months: TechStorm Grows at Meteoric Speed as it Closes Series A Fund Raising
SINGAPORE, Jan. 28, 2021 /PRNewswire/ -- The region's fastest growing 24/7 Asian esports and tech-centric entertainment channel, TechStorm, today announced a major milestone of securing its 100th platform partner. This expansion of influence across nine countries, achieved at a meteoric speed of ...
Launch of KAKAO ENTERTAINMENT through strategic merger of Kakao Page and Kakao M
SEOUL, South Korea, Jan. 28, 2021 /PRNewswire/ -- The Board of Directors of Kakao Page Corp. (hereafter Kakao Page) and Kakao M Corp. (hereafter Kakao M) announced today that they resolved to merge the two companies into a new entity called KAKAO ENTERTAINMENT. The two companies will hold a gener...
Replika Software Secures Series A Financing from LVMH Luxury Ventures and L'Oréal BOLD Ventures to Power the Future of Social Selling
NEW YORK, Jan. 27, 2021 /PRNewswire/ -- Replika Software, the turnkey social selling solution enabling brands to empower their networks of social sellers to inspire and sell online, has completed its Series A financing round with LVMH Luxury Ventures and L'Oréal BOLD, both investment arms of t...
Playvox Caps Record-Breaking Year with Acquisition of Agyle Time Workforce Management and Additional $25 Million Funding Raise
Acquisition marks creation of the world's first Workforce Optimization suite purpose-built for the digital-first customer engagement center SUNNYVALE, Calif., Jan. 27, 2021 /PRNewswire/ -- Playvox, the leading CRM-connected omnichannel contact center provider of agent optimization solutions...
Tradewind Finance Announces Post-Shipment Finance Facility for Tire Trading Company based in Shandong, China
SHANGHAI, Jan. 27, 2021 /PRNewswire/ -- Tradewind Finance has closed a USD 1 million credit facility for a tire trading company based in Shandong Province in China that exports to Europe, the USA, and the Middle East. The proceeds from the facility are being used by the company to take on larger ...
Sihuan Pharmaceutical (0460.HK): Xuanzhu Biopharm acquires Combio Pharmaceutical, the large-molecule integrated development platform helps drive innovation
HONG KONG, Jan. 27, 2021 /PRNewswire/ -- Sihuan Pharmaceutical Holdings Group Ltd. (the "Company" or "Sihuan Pharmaceutical", together with its subsidiaries, collectively referred to as the "Group"; Hong Kong Stock Exchange Stock Code: 0460) is pleased to announce its innovation Xuanzhu Biopharma...
Veritas Extends Cloud Capabilities Across Its Platform
SINGAPORE, Jan. 27, 2021 /PRNewswire/ -- Veritas Technologies
ZircoDATA Announces Acquisition in NSW and Appoints New CEO
MELBOURNE, Australia, Jan. 27, 2021 /PRNewswire/ -- ZircoDATA, a privately owned records and information management (RIM) company providing services throughoutAustralia, has confirmed their seventh acquisition to date. In a deal finalisedJanuary 13th, ZircoDATA acquired Ultimo Document Storage Ce...
EZDRM's Platform Partnership with Huawei's Developer Ecosystem Brings Enhanced Content Protection to Developers
The well-known Digital Rights Management as a Service solution is available for worldwide integration. SHENZHEN, China, Jan. 26, 2021 /PRNewswire/ -- EZDRM, the original DRM-as-a-Service provider for security in video streaming, offers a variety of content protection solutions to meet developer ...
Qiming Venture Partners Closes RMB Fund VI at RMB 2.852 billion
SHANGHAI and BEIJING and HONG KONG, Jan. 26, 2021 /PRNewswire/ -- Qiming Venture Partners ("Qiming") today announced the final close of our RMB Fund VI atRMB 2.852 billion. Currently, Qiming has $5.9 billion in assets under management, targeting early-and-growth-stage healthcare and TMT investme...
Klook Completes US$200M in Additional Funding
* New capital a confidence boost for Klook as the leading travel technology player in the region * Funds to accelerate the digital transformation of merchants with the development and roll-out of Klook-powered merchant Software-as-a-Service (SaaS) solutions HONG KONG, Jan. 26, 2021 /PRNewswir...
CooTek Announces Entering Into A Combined Financing Package
SHANGHAI, Jan. 25, 2021 /PRNewswire/ -- CooTek (Cayman) Inc. (NYSE: CTK) ("CooTek" or the "Company"), a fast-growing global mobile internet company, today announced that it entered into a combined financing package with YA II PN, Ltd., aCayman Islands exempt limited partnership managed by Yorkvil...
Ucommune International Ltd. Announces Additional Investment in SaaS Services and IOT Solutions Subsidiary Xiyu Information
BEIJING, Jan. 25, 2021 /PRNewswire/ -- Ucommune International Ltd. (NASDAQ: UK) ("Ucommune" or the "Company"), a leading agile office space manager and provider inChina, today announced an additional investment in Beijing Xiyu Information Technology Co., Ltd. ("Xiyu Information"), a subsidiary of...
Entrust Acquires HyTrust, Expanding Encryption, Key Management and Security Posture Management for Virtualised and Multi-Cloud Environments
HONG KONG, Jan. 25, 2021 /PRNewswire/ -- Entrust
Tetra Pak calls for collaborative innovation to tackle sustainability challenges in the food packaging industry
LAUSANNE, Switzerland, Jan. 25, 2021 /PRNewswire/ -- Tetra Pak has introduced a new collaborative innovation model with leading paperboard producers, a move aimed at tackling the food packaging industry's sustainability challenges. The traditional operating model of a linear supply chain has chan...
Hayashi Telempu Makes Capital Participation in Adler Pelzer of Germany
NAGOYA, Japan, Jan. 25, 2021 /PRNewswire/ -- Hayashi Telempu Corporation (hereinafter HTC, headquartered inNagoya, Japan), the parent company of Hayashi Telempu Thailand, and the controlling shareholder of Adler Pelzer Group (hereinafter APG, headquartered inGermany) have jointly established GAIA...
Launch of KAKAO ENTERTAINMENT through strategic merger of Kakao Page and Kakao M
SEOUL, South Korea, Jan. 25, 2021 /PRNewswire/ -- The Board of Directors of Kakao Page Corp. (hereafter Kakao Page) and Kakao M Corp. (hereafter Kakao M) announced today that they resolved to merge the two companies into a new entity called KAKAO ENTERTAINMENT. The two companies will hold a gener...
StashAway announces Assets under Management of US$1billion
KUALA LUMPUR, Malaysia, Jan. 25, 2021 /PRNewswire/ -- StashAway, Southeast Asia's largest and fastest-growing digital wealth manager for both retail and sophisticated investors, has announced that they're managing more than US$1billion (MYR 4.05billion). Since StashAway first launched its service...
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