China Digest: inspir.ai nets $46m; VirtAI Tech raises funds from Shunwei, GL
inspir.ai’s funding round saw participation from new investor Vision Knight Capital.
Asia Digest: VinFast forays into overseas market; Google to buy Japan’s pring
Google is set to acquire shares of the Tokyo-based fintech startup pring.
India’s Ola Electric raises $100m from Bank of Baroda ahead of e-scooter launch
This 10-year debt is towards the funding and financial closure of phase 1 of Ola Futurefactory.
Temasek’s portfolio value likely rose to a record $278b amid global equities rally, IPOs
Temasek’s long-term outlook has been clouded by support to pandemic-hit businesses such as Singapore Airlines.
China set to order Tencent Music to give up music label exclusivity
SAMR began investigating Tencent Music in 2018 but stopped in 2019 after the company agreed to stop renewing some of its exclusive rights.
In a first, state-owned LIC may invest in Zomato’s public offer
Zomato’s valuation has surged from around $5.4b in January to over $8b in June.
China drafts new cyber-security industry plan to govern data storage
China’s cyber-security industry may be worth over $38.6 billion by 2023.
China plans common data platform for Greater Bay area
Data regulation has become a major focus for Chinese authorities this month with a raft of new measures announced.