Asia
China’s Tencent up stake in French gaming firm Ubisoft
Chinese multinational technology and entertainment conglomerate Tencent has increased its stake in French gaming firm Ubisoft to 9.99 percent from 4.5 percent. Tencent is paying €300 million ($297.19 million), including €200 million ($198.13 million) share acquisition and €100 million ($99.06 million) capital increase, to Guillemot Brothers for 49.9 percent…
India’s PurpleTutor raises $1.25M Series A round to strengthen product offering
PurpleTutor, an Inda-based startup focusses on artificial intelligence (AI) based live classes, has recently raised Rs 10 crore ($1.25 million) in its Series A round. The round saw participation from Disruptors Capital, IvyCap Ventures, Arjun Malhotra (Co-Founder, HCL) and others.
Korea’s Naver Z joins hands with Thailand’s True to power metaverse ecosystem in Thailand
Naver Z, affiliate of South Korea-based internet giant Naver Corp., announced Thursday that the company has signed a memorandum of understanding (MoU) with Thailand's biggest communications conglomerate True Corporation to build a global metaverse hub for creators.
Japan’s oVice raises $32M Series B funding led by multiple investors
oVice, a Japan-based virtual office platform, announced Wednesday a 45 billion yen (around $32.5 million) Series B funding round led by a group of Japanese and overseas investors. The investment puts the company's total raised capital at $45 million.
Tencent, Sony buy 30.34 percent stake in Japan’s FromSoftware for $260M
Hong Kong-based Tencent Holdings Limited and Japan-based Sony Group Corporation have acquired 30.34 percent stake in Japanese game developer FromSoftware for 36.4 billion yen ($259.48 million).
Singapore awards Taiwan’s Gogoro sandbox pilot
Gogoro Inc, a Taiwan-based battery swapping ecosystems provider announced Thursday that Singapore’s Land Transport Authority (LTA) has awarded it with a sandbox pilot to deploy and validate battery swapping as a means for next generation smart mobility. The firm is kicking off its sandbox pilot by partnering with Jardine Cycle & Carriage, a diversified…
Li Ka-shing-funded Horizon Ventures ‘sees gold’ in Southeast Asia – report
The investment firm has set up a Singapore office earlier this year. Its notable exits include include Meta, Razer, and Zoom, data platform Crunchbase showed.
The rise of Web3: Asia Pacific expected to grow at fastest rate
In line with the rapid growth and interest in Web3, TechNode Global has introduced a category “Web 3 Disruptors” in the third edition of ORIGIN Innovation Awards.
Animoca Brands Japan raises $45M from MUFG and Animoca Brands to grow Web3 business
Animoca Brands KK (Animoca Brands Japan), a strategic subsidiary of Animoca Brands Corporation Limited focusing on cooperative partnerships in Japan for non-fungible token (NFT)-related business opportunities, announced Friday that it has raised a total of $45 million from MUFG Bank, Ltd. (MUFG) and Animoca Brands Corporation Limited valuing the company at…
India’s Loopworm raises $3.4M seed round co-led by Omnivore and WaterBridge
India's insect biotech startup Loopworm announced Wednesday that it has raised a $3.4 million seed round co-led by Omnivore and WaterBridge Ventures. The round also saw participation from Titan Capital and leading angel investors including Nadir Godrej (Godrej Agrovet), Sanjiv Rangrass (ex-ITC), and Akshay Singhal (Log9 Materials).
