Asia Pacific

Ila Dhond05/01/2023
242

Animoca targets Web3, metaverse to raise $1 B in first quarter of 2023

According to Bloomberg, Web3 and metaverse investments will be the primary focus of a new fund that Animoca Brands plans…
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Ila Dhond04/01/2023
252

SG based e-grocery platform UglyFood to cease operations

Singapore-based e-grocery platform UglyFood made the announcement that it is ceasing operations due to insufficient funding. The company informed consumers…
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Ila Dhond04/01/2023
241

Ant Group receives regulatory approval for $1.5 B raise

According to Bloomberg, China has given the go-ahead for Ant Group to fund US $1.5 billion for the consumer division…
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Ila Dhond04/01/2023
289

PAG secured $500 M debt funding from video streaming provider IQiyi

A subsidiary of Asia Pacific-focused alternative investment firm PAG has received US $500 million in secured convertible senior notes from…
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Ila Dhond03/01/2023
216

For making driving range boasts, Tesla fined $2.2 M in Korea

According to Reuters, Tesla is poised to get a punishment from South Korea of roughly US $2.2 million for allegedly…
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Ila Dhond03/01/2023
328

AC Ventures, others led $6 M raised by healthcare marketplace HD

An investment round of US $6 million was completed by Partech Partners, M Venture Partners, AC Ventures, iSeed, and Orvel…
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Ila Dhond31/12/2022
239

Bahamas takes temporary control of $3.5 B worth FTX assets

The now-defunct FTX had its headquarters in The Bahamas, where the Securities Commission of that country declared that it was…
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Ila Dhond31/12/2022
357

HK-listing plans cancelled by US-listed Chinese tech companies: Report

According to sources familiar with the situation, major Chinese businesses with U.S. listings, such as Pinduoduo Inc. and Full Truck…
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Ila Dhond30/12/2022
250

Amid slow growth, Richard Liu of JD.com intends to dismiss management

Richard Liu, the founder and former CEO of JD.com, has lambasted the company’s management and threatened to oust underachievers in…
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Ila Dhond29/12/2022
302

$100 M Series B funding raised by China’s Freetech Intelligent Systems

According to Nikkei Asia, Freetech Intelligent Systems, a Chinese company that specialises in autonomous vehicles, has secured around $100 million…
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