Asia

Global management consulting firm Bain & Company has on Friday announced that it intends to acquire the Asia Pacific (APAC) arm of global venture-building and start-up development studio, Rainmaking, to help companies across the region better innovate, launch, and scale new businesses.

OneDegree Group, a Hong Kong-based InsurTech company, has on Thursday announced that the group has closed its first venture debt financing transaction with HSBC. The facility is provided under the HSBC New Economy Fund.

Japanese robotics startup Telexistence (TX) has successfully raised a $170 million Series B round. Other than old investors, TX also secured funding from new investors including SoftBank Group Corp. (SBG), HH-CTBC Partnership (Foxconn Co-GP Fund), and Globis Capital Partners (GCP).

Japan-based research group Leave a Nest and the Malaysian Research Accelerator for Technology and Innovation (MRANTI) are collaborating on the highly anticipated Global Market Fit Program (GMP) Japan to support high-growth startups seeking to expand their business presence in Japan.

Brinc, a Hong Kong-based global venture accelerator, has on Thursday announced the debut cohort of its Climate Tech accelerator, where four startups kick off its Summer 2023 program.

Farcana, an upcoming Web3 team arena shooter game, has on Wednesday announced that it has entered into a strategic agreement with Hong Kong-based Web3 industry firm Animoca Brands.

Hong Kong and Saudi Arabia are boosting their information and technology collaboration with the visit of Saudi Minister of Communications and Information Technology (MCIT) Abdullah Al-Swaha and the signing of various agreements on Sunday.

Animoca Brands, the Hong Kong-based company advancing digital property rights for gaming and the metaverse, announced Monday that its Co-Founder and Executive Chairman Yat Siu has been appointed to the task force on promoting Web3 Development newly established by the government of the Hong Kong Special Administrative Region.

Hong Kong real estate private equity firm Gaw Capital Partners has announced the final close of its seventh Asia Pacific real estate fund, Gateway Real Estate Fund VII, bringing the total equity raised for the fund to $3 billion.

Hong Kong-based insurtech firm OneDegree Group has on Thursday announced that it has closed additional funding, taking its Series B round to $55 million. The new funding will be used to expand OneDegree Group’s digital assets insurance business and insurtech offerings globally as well as to broaden the product offering and deepen the market penetration of…