Xiaomi-backed Chinese tax platform Huisuanzhang bags $80m Series D
Chinese smartphone giant Xiaomi is the largest shareholder in Huisuanzhang with a 19.49% stake.
China’s Eminence closes USD Fund II at $120m to focus on enterprise software
The fund secured commitments from Emergence Capital and HK’s Unicorn Capital Partners.
Asia Digest: Kakao Japan raises $550m; Tokyo-listed Saint Marc bags $64m
The deal marks the first investment made in an overseas Kakao subsidiary.
China Digest: TYK Medicines bags $62m; TAOS Data raises $47m led by Matrix Partners China
Sequoia Capital China and GGV Capital also participated in the funding round of TAOS Data.
Chinese trucking platform For-U nets $200m in Series E round ahead of US IPO
For-U recently filed a prospectus with the US SEC for a listing on Nasdaq.
Navis Capital picks up majority stake in Malaysia’s Aurelius Healthcare
Navis will be working closely with Aurelius on merger & acquisition opportunities.
Singapore court approves move to freeze Hin Leong founder’s assets worth $3.5b
Assets include multi-million-dollar homes, shares, and country club memberships.