Category: Asia

myfisensemyfisenseSeptember 17, 2021
83efd6bc0b5444e9b817bf2d17e3ff8b.jpeg

2min00
(Bloomberg) — Tencent Holdings Ltd. has lost its place among the world’s 10 largest companies by market value, leaving no Chinese company on the list as Bejing’s regulatory crackdown continues to wreak havoc on the stock market. Hong Kong-listed shares of the gaming and social media company fell 0.5% on Thursday, valuing it at $556 […]

myfisensemyfisenseSeptember 17, 2021
WechatIMG3656-1024x768.jpeg

3min00
XTransfer, a Chinese cross-border financial and risk management services provider, has reached unicorn valuation after raising $138 million in a Series D round to fund its global ambitions starting from Southeast Asia. The latest round was led by Dan Sundheim’s hedge fund D1 Capital Partners with participation from the firm’s existing shareholders, according to a […]

myfisensemyfisenseSeptember 16, 2021
-ทวิตเตอร์.jpg

2min00
Thai alternative digital lending platform SCB Abacus has raised $12 million in a Series A funding round led by Openspace Ventures, according to an announcement. The financing was joined by Vertex Ventures Southeast Asia and CAI Partners. The company plans to use the capital to expand its product offerings, strengthen its technology infrastructure and underwriting […]

myfisensemyfisenseSeptember 16, 2021
SmartNewsSlider-1280x853.jpg

3min00
SmartNews, a Japanese news aggregator that turned unicorn in 2019, announced raising $230 million in its Series F funding round, bringing the company’s total capital raised to date to more than $400 million. The latest round values SmartNews at $2 billion, the highest for a standalone news app. In 2019, the company had raised an […]

myfisensemyfisenseSeptember 16, 2021
15f946a46629391e6ad37b4c10f9b3fe.jpeg

3min00
Pine Labs said on Thursday it has raised an additional $100 million, just weeks after securing $600 million in a financing round, as the Asian merchant commerce platform begins to explore the public markets. The U.S.-based investment management company Invesco Developing Markets Fund made the $100 million investment, the startup said in a statement. Pine Labs, […]

myfisensemyfisenseSeptember 16, 2021
byjus-ravindran-bccl.jpg

5min00
Byju’s said on Thursday it has acquired California-headquartered Tynker, a leading coding platform for K-12 students, the latest in a series of major purchases as the Indian edtech giant attempts to aggressively expand to international markets. The companies didn’t disclose the terms of the deal, but a person familiar with the matter told TechCrunch that the […]

myfisensemyfisenseSeptember 15, 2021
20200122130848-GrowwFoundersedit-1280x853.jpeg

4min00
Groww, an Indian startup that is helping millennials invest in mutual funds and stocks, is in the advanced stages of talks to raise a new financing round at a $3 billion valuation, according to six people familiar with the matter. The Bangalore-based startup is negotiating to close a $250 million round, the people said, requesting […]

myfisensemyfisenseSeptember 15, 2021
Keenon_robots_cover_web-scaled-1.jpg

4min00
SoftBank Group Corp‘s Vision Fund has led a $200-million Series D funding round for Shanghai-based Keenon Robotics, as one of the biggest venture rounds in a Chinese commercial service robots developer, said the investee on Wednesday. CICC Alpha, a direct investment platform of investment bank China International Capital Corporation Limited (CICC); and Prosperity7 Ventures, the […]

myfisensemyfisenseSeptember 15, 2021
bangladesh-chaldal-feature-story-gallery-image4-800x534.jpg

4min00
Founded in 2013, Bangladesh’s Chaldal was one of the first grocery delivery startups in the world to use the “dark” store model, picking up orders from its own warehouses instead of retail stores. Now the company says it is the country’s second-largest grocery player and the largest grocery e-commerce platform, with 27 warehouses located in four cities. […]

myfisensemyfisenseSeptember 15, 2021
OIF-2.jpg

4min00
(Bloomberg) — Wall Street executives and top Chinese regulators plan to hold a virtual meeting to discuss topics including Beijing’s market-roiling crackdown on the private sector and U.S.-China relations. The meeting on Thursday marks a resumption of the China-U.S. Financial Roundtable that was first convened in September 2018, according to two people familiar with the […]

FI Sense

FREE
VIEW