China’s top regulators issue draft rules on privacy protection for app users
The rules come as China’s tech giants face an ongoing wave of scrutiny from policymakers.
Indian B2B supply chain platform Bizongo closes $51m Series C funding round
UK government’s development finance institution, CDC Group, and AddVentures led the latest round.
PE firm Blackstone’s change of tact with Mphasis sale to please investors
Blackstone has placed a buy order for a 26% stake in the firm through an open offer to minority shareholders.
Korean battery material maker SKIET raises $2b in country’s hottest ever IPO
The IPO will be the biggest in South Korea since gaming company Netmarble raised $2.4b in 2017.
Tiger Global leads MAKE ESSENSE round and 19 updates from Greater China
We have also put together a table listing out major VC deals from April 23-26, 2021.
China launches antitrust probe into food delivery giant Meituan
Tencent-backed Meituan raised $10 billion in a stock and convertible bonds sale this month.
S Korean fintech firm Kakao Pay applies for preliminary IPO approval
In 2017, Ant invested $200 million in Kakao Pay.
Chinese CTC Capital hits final close of second semiconductor fund
CTC Capital has raised 3.5 billion yuan ($539 million) for the RMB-denominated fund.