China Digest: WeMed nets over $46m; Tencent, Sequoia back WakeData
AI-driven big data startup WakeData has completed a $25-million Series B+ round co-led by Tencent.
Indian apps reach 97% of once-dominant TikTok user levels
Currently, daily active users spend close to 30 minutes on an average on the short-video apps.
China’s genome editing startup EdiGene nets $62m in Series B+ round
Six months ago, EdiGene raised its Series B round led by 3H Health Investment.
China Gas plans $1.5b share sale for new gas projects, business development
It has agreed to sell 392 million new shares to shareholders Beijing Enterprises Holdings and China Gas Group.
March rebound shores up Greater China PE-VC dealmaking in Q1, as startups raise $24b
The IPO market soared 143% on-year, as 151 companies raised $32.6b across eight exchanges.
Singapore PE Novo Tellus invests $40m in Indian engineering firm Tessolve
The investment values Tessolve at $100 million.
Actis said to have divested majority stake in Singapore’s PS Gourmet
PS Gourmet came under the portfolio of Actis following the latter’s acquisition of Abraaj’s fund in 2019.
Indonesia’s MDI Ventures backs Waresix, Paxel in hushed logistics bets
The deals mark MDI’s first investments in pure-play logistics firms.