Chinese edtech firm Kaikeba secures $93m in Series B1 round
Chinese investment bank Taihecap facilitated the transaction.
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.
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.
Instawork raises $60m funding as it looks to double India workforce
India contributes about 35% to the company’s total employee base.
Indonesian fintech startup PAYFAZZ secures e-money license
The company plans to launch e-money services for its financial services ecosystem.
Vietnam’s Mekong Capital invests $8.8m in probiotics producer LiveSpo Global
LiveSpo produces spore-based probiotics in liquid form, multi-strains, and high concentration.