Southeast Asia is a region in Southeast Asia.
Indonesia
Singapore\sMalaysia
Vietnam\sThailand
Philippines
Myanmar
India
Greater China is a term used to describe a
Asia’s rest
World
Internet Economy & E-Commerce
Technology
Infrastructure and Real Estate
Services in the Financial Sector
Infrastructure for Social Development
Revolut, a UK fintech business, has raised $33 billion in venture capital from Softbank and Tiger Global.
Revolut has over 16 million customers and offers forex, debit cards, and stock trading.
Just Arrived
Trending
Revolut, a UK fintech business, has raised $33 billion in funding from Softbank, Tiger Global’s Hong Kong logistics platform GOGOX has raised $100 million in a Series A round headed by BOCOM, and CMF SG’s Tinvio has raised $12 million in a Series A round sponsored by AppWorks Ventures.
Toyota buys a mapping and road data company in the United States to beef up its self-driving technology.
S Yanolja, a Korean travel unicorn, has raised $1.7 billion from SoftBank Vision Fund. Two more tales
Alternative protein producer Temasek, GGV Capital, and others contribute $20 million to Next Gen.
The acquisition of iCar Asia by Carsome is still scraping the surface of Southeast Asia. The tip of Asia’s automotive iceberg
As long as ‘exit remains king,’ China’s nascent trend of continuation funds is expected to grow.
[Updated] Nium, a Singapore startup, has raised $78 million in Series D funding from Riverwood Capital, Vertex Growth, and others.
Robo-advisor in Singapore Valar Ventures led a $30 million Series B financing for Syfe.
GOGOX, a Hong Kong logistics platform, has raised $100 million in venture capital, backed by BOCOM and CMF.
InnoVision Capital led the first phase of GOGOX’s Series D round, which raised $250 million in 2018.
Deals
Tinvio, based in Singapore, has raised $12 million in a Series A round led by AppWorks Ventures.
With this round, the company has now raised $18.5 million in total capital.
Deals
Toyota buys a mapping and road data company in the United States to beef up its self-driving technology.
Since 2018, the two companies have worked together.
Yanolja, a South Korean travel unicorn, has raised $1.7 billion from SoftBank Vision Fund 2.
Last year, the company made an operating profit of 16.1 billion won ($14 million).
CertiK and Westlake Therapeutics have received investment, according to Deals China Digest.
In a new round of funding, Westlake Therapeutics received $15 million.
Deals Beyond Meat opens its online store in China on the JD.com e-commerce platform.
By selling on JD.com and expanding into the retail industry, the company will be able to reach a bigger audience in China.
Deals
Spark Infra, an Australian infrastructure company, has rejected a $3.7 billion buyout deal from KKR and others.
Goldman Sachs is advising Spark on the buyout bid.
IFC proposes a $76 million investment in GEM, a Chinese trash recycling company.
The proposed IFC financing will be used to help GEM build a new recycling facility in Hubei.
Southeast Asia will receive five new unicorns in 2021, as well as other SEA transaction developments, according to Data Vantage.
This year, the first unicorns were christened in Malaysia and Thailand./n
Read More
