UK hedge fund billionaire Alan Howard backs crypto investment platform Kikitrade
The influential dealmaker has invested $4 million in Kikitrade’s pre-Series A extension round.
China’s top banking regulator warns of bad loans, “serious” local real estate bubbles
Corporate bond defaults have risen sharply in China in recent years, reaching $14b in 2020.
US-Chinese energy firm EcoFlow raises over $100m in GL Ventures-led round
The round brings the company’s market valuation to $1 billion.
Amazon Australia chief to join US videogame maker GameStop as CEO
GameStop said it may sell up to 5 million new shares, which would be worth $1.4 billion.
Alibaba planning to develop self-driving trucks with logistics subsidiary Cainiao
Cainiao also aims to introduce 1,000 autonomous delivery robots in China over the next year.
DFC allocates $30m to Openspace fund, $372m for other Asia investments
It has also approved an up to $20 million commitment to a PE fund managed by India’s Chiratae Advisors.
Chinese alcohol distributor Baoyun bags over $94m led by Country Garden VC
The operator has secured nearly $157m from four rounds of financing so far.
PH live streaming app Kumu raises Series B funding and other SE Asia deals
DealStreetAsia has put together a table listing out main VC deals in the region this week.