Stephanie Li
Stories by Stephanie Li
Singapore’s Blockchain Founders Fund eyes over 200 deals with $75m second fund
The second fund has already backed nine firms including FXDX, Dogami, and Health Hero.
Greater China Digest: Lanshen New Material Tech, R&B & WeMo raise funding
WeMo plans to expand its services to SE Asia, with an emphasis on Indonesia and Thailand.
US-listed Chinese wealth management platform Lufax Holding files for Hong Kong IPO
Lufax’s net profit dropped 67% to $190m in Q3 2022 from the same period of 2021.
Global crypto firms raised $2.3b from VCs in Q4 — a two-year low
VC investments in the crypto sector for the entire 2022 were up 20% to $36.6b, show data from Cointelegraph.
China Digest: Pinnacle Microwave, Surestar Technology, Keda New Energy bag funding
Pinnacle Microwave will use the proceeds to upgrade its products as well as in R&D.
Baidu’s AI offshoot Xiaodu closes Series B+ round at post-money valuation of over $5b
The state-run Mixed-ownership Reform Fund invested in the round.
China’s IASO Biotherapeutics snaps almost $74m in Series C round
IASO previously completed a $60m Series B financing round led by GL Ventures in March 2020.
China Digest: Biotech firm Genepoint snaps $29m; TangFeng Energy bags $44m
Hi-Tech Capital, Qianyan Investment, and Dongfeng Asset led TangFeng's funding round.
US arrests founder of HK-registered crypto exchange Bitzlato for fraud
He was held for an illicit transfer of $700m via its crypto exchange.
Wison Heavy Industry bags $221m and 58 Greater China deals worth over $2.6b
Nantong Industry Investment Fund led the investment in Wison Heavy Industry.
