China
Hong Kong’s WATI raises $8.3M Series A funding led by Sequoia Capital India
WATI has raised $8.3 million in Series A funding led by Sequoia Capital India.Surge, Base Partners and several prominent angels including Gokul Rajaram also participated in the round. The funds raised will be used to bolster technology and product development by expanding product integrations and double the team size and improve their presence in Latin…
Hong Kong logistics startup Pickupp raises $37M Series B funding led by Jardine Matheso
Pickupp has raised another $37 million in Series B funding led by Hong Kong conglomerate Jardine Matheson. Existing investors including Reefknot Investments, Cathay Venture Inc., PChome Online Inc., DRIVE Catalyst, and Swire Properties also joined the round, Pickupp said in a statement. The funding will be used to deepen its presence in Asia and to…
Hong Kong’s WeLab acquires Bank Jasa Jakarta in Indonesia to launch second digital bank in Asia
WeLab announced Monday the acquisition of PT Bank Jasa Jakarta (BJJ), a commercial bank in Indonesia, with plans to launch its second digital bank in Asia further to the successful launch of WeLab Bank in Hong Kong. WeLab said it had drawn wide-spread interest from existing and new investors who have already contributed $240 million for this transaction,…
Chinese team wins Gordon Bell Prize for Simulation of Quantum Circuit
ACM, the Association for Computing Machinery, named a 14-member team, drawn from Chinese institutions, recipients of the 2021 ACM Gordon Bell Prize for their project, Closing the "Quantum Supremacy" Gap: Achieving Real-Time Simulation of a Random Quantum Circuit Using a New Sunway Supercomputer.
Singapore’s Temasek to halt investments in Chinese tech firms ‘temporarily’ amid Beijing crackdown – report
“It’s just that in China, the way it is being executed has been a little more blunt and quick, and that is why it has created a lot of shocks out there,” Sipahimalani was quoted as saying.
Hong Kong’s XanPool secures $27M funding round led by Valar Ventures to consolidate APAC presence and expand service offerings
XanPool software allows anyone to seamlessly enable Crypto to Fiat on- or offboarding, instantly executing and settling transactions without taking custody of customer funds. Its unique C2C software solution and liquidity network make the onboarding and offboarding infrastructure in crypto much more user-friendly, and resilient against existing…
What does China’s emissions trading scheme mean for businesses?
Like many other businesses, we see major opportunities in China. Not only is its market size and market value vast, but its commitment to carbon neutrality can make a huge impact on the global fight against climate change. It is inevitable that over time, all businesses operating in China will need to be part of the national solution. Data is the key--it…
Ninja Van bags $578M in Series E, ropes in Alibaba as investor
The funds will be allocated towards infrastructure and technology systems that will support a sustainable long-term cost structure, as well as the quality and consistency of Ninja Van’s operations.
Bank of China, DBS & HSBC join GSBN to form Trade Finance Advisory Group to transform global trade
The advisory group will explore the technical, legal, and regulatory frameworks needed to break the siloes between the global supply chain and financial institutions.
Alternative protein investor Lever VC announces $80M final close of Lever VC Fund I
Lever VC is also actively speaking with investors interested in Lever VC Fund II, which will begin raising early next year.
