China Digest: Xie Zhu bags $46m; Biren closes Series B round
Source Code Capital, China Merchants Capital, and CITIC Securities, were among the investors in Biren.
Indian digital payments firm MobiKwik denies data breach amid social media backlash
The alleged leak is a setback for the company that is planning an IPO in September this year.
Chinese early-stage VC Qingsong Fund closes its fourth RMB fund at $152m
Qingsong will continue to focus on early- and growth-stage investments.
Alibaba, DST lead $750m investment in Chinese grocery app Nice Tuan
D.E. Shaw & Co., Anatole Investment, and Jeneration Capital also invested.
Vietnam sees growing tribe of founders hopping onto VC bandwagon
Do Ventures, BK Fund, among others, are doubling down on investments in Vietnamese startups.
S Korea’s SK Group mulls investment in Vietnam’s Pharmacity
SK Group’s portfolio companies in Vietnam include Vingroup and Masan Group.
As big tech enters the race, PE-VCs look for next big thing in China’s growing EV market
Smartphone maker Xiaomi is the latest to enter EV making, pledging to pour $10 billion over 10 years.
Warburg-backed New Ease partners QuadReal to launch $1b logistics fund
The fund will deploy capital in China’s logistics sector especially in top-tier cities.