Indonesia’s e-commerce unicorn Bukalapak raises $234m in fresh funding
The round was led by Microsoft, Singapore sovereign wealth fund GIC, and conglomerate Emtek.
China’s Gaussian Robotics bags $100m funding from Tencent, Meituan, others
The fundraising was led by the Hong Kong-listed real estate conglomerate Longfor Group.
Warburg-backed Princeton Digital bags $230m financing to pursue China expansion
PDG recently completed its fully contracted 42MW Shanghai data centre campus.
Chinese internet companies pledge to avoid anti-competitive behaviours
Companies including Baidu, JD.com, and Bytedance have made promises to stop using banned practices.
ByteDance’s gaming unit Nuverse buys C4games
Nuverse agreed to acquire Shanghai-based gaming studio Moonton Technology in March.
Singapore’s Tribe Accelerator startups raise $70m in funding
Tribe has garnered a new strategic investment that will help it expand to new markets.
Toshiba CEO resigns amid controversy over $20b buyout bid
Kurumatani’s departure could upend CVC’s offer last week to take the Japanese company private.
India’s warehousing boom creates winners in unexpected corners
The proliferation of tech-savvy storage spaces is creating new opportunities.