China Everbright, AIoT firm Terminus raise additional $305m for latest smart city fund
The new capital commitment came from the local government of China’s Deyang City, Sichuan Province.
Chinese smart lock maker Kaadas nets nearly $100m in new funding
The Series B investment round was led by Orchid Asia.
Singapore smart battery swapping startup Oyika looks to raise $100m to fund expansion
The company plans to expand in Vietnam and roll out its battery-swap service for e-motorbikes in Indonesia.
Thai edtech startup Conicle raises $3 million and other SE Asia deals
DealStreetAsia has put together a table listing out prominent VC transactions in SE Asia this week.
Asia’s bankers say SPAC mergers set to take off in the region this year
Given the region’s large pool of new-economy firms, bankers are plugging it as a hot spot for merger targets.
SG wealthtech startup Endowus bags $17m in Lightspeed-led round
SoftBank Ventures Asia also participated in the round.
Singapore-based Atome Financial acquires Indonesian financing company
The deal will allow it to expand its business in Indonesia through consumer financing.
Volvo Cars to explore options including IPO, Geely says
Geely bought Volvo Cars from Ford Motor Co in 2010.