China Digest: PackGene Biotech, AI chip startup Axera close fresh funding
Return backer Sequoia Capital China re-upped in PackGene round.
Vietnam mulls regulation to extract more data, taxes from global tech firms
The proposed tax collection regime has been deemed “onerous” by an Apple-backed trade group.
L Catterton injects $182m in Japan’s healthcare firm PHC Holdings
The deal marks L Catterton’s expansion into the medical devices and health data space.
Grab set for US listing through merger with Altimeter SPAC at $35b valuation: Report
Grab will raise about $2.5 billion through a PIPE deal.
Indonesian e-commerce enabler SIRCLO acquires parenting app Orami
Following the acquisition, Orami will operate as an independent entity integrated with SIRCLO’s line of services.
Singapore’s Flash Coffee raises $15m Series A led by White Star Capital
The company will use the fresh funding to expand in 10 markets across the Asia Pacific.
Twitter-backer Sozo Ventures seeks $500m for new fund
Sozo invests primarily in the US and Japan, with a focus on fintech, IoT, healthtech, and cloud.
India: Ola Electric ropes in auto veteran Yongsung Kim as head of sales strategy
Kim was the head of sales and distribution departments of Kia Motors India subsidiary.