Startup

Huawei acquires Israel cyber security startup HexaTier for US$42 million

Chinese giant Huawei has recently acquired HexaTier, an Isreali cyber security startup for US$42 million. The smartphone maker will use HexaTier to set up an R&D center in Israel for databases in the cloud.

Tiger Brokers raises US$29 million Series B funding round backed by CITIC Goldstone, Huagai...

Beijing-based online brokerage company, Tiger Brokers Co has raised up to 200 million yuan (about US$29 million) in a Series B funding round participated by Citic Goldstone Management Co Ltd, and Huagai Capital.

Baby Pictures mobile app Qinbabao closes Series B funding led by China’s Fosun Group

Fosun Group, China's global investment firm has led the Series B investment round in Qinbaobao, a baby picture mobiles app that allows users to upload and share baby pictures and videos.

Taiping Assets Management leads US$309 million round in Shouqi Car Rental

Shouqi Car Rental raises US$309 million in a fundraising round led by Taiping Assets Management. Tianan Property Insurance and CCB International has also participated in the investment.

Indonesia MDS raises ownership in Matahari Mall online for US$12.2 million

Indonesian retail firm MDS has increased its ownership in Global Ecommerce Indonesia (GEI), the parent company of local e-commerce startup, MatahariMall.com for a price tag of RP 164.9 billion (about US$12.2 million).

Taiwan’s Next Entertainment raises US$25 million in Series A round led by China live...

Taiwan-based Next Entertainment, a live broadcasting platform, has closed its US$25 million in Series A financing which is led by Inke with participation from FunPlus, GSR Ventures and Mayfield. The funds will be used for global expansion.

GIC, Tencent, Navlnfo to acquire a 10 per cent stake in open location platform...

GIC, Tencent, and NavInfo will be part of a consortium to acquire a 10 per cent stake in HERE as the company unveils its plans to bring its products and services to China.

Global accelerator Startupbootcamp launches digital health accelerator in Chengdu, China

Startupbootcamp, which operates a global network of industry-focused accelerator programmes, has launched their first China-based programme, a digital health accelerator in Chengdu, the capital of China’s Sichuan province. This programme marks a joint partnership between Startupbootcamp and Thinkzon, a Chinese incubator accommodating over 500 enterprises in mobile internet, software R&D, and digital media. Through this […]

Healthcare startup, eBeeCare to expand into India and China in 2017

eBeeCare, a healthcare startup is leveraging the rise of MedTech in India and China.

Backed by Chinese Rock Star Wang Feng, China’s FIIL to be the next Beats...

Wang Feng, with his aim to bring FIIL to global heights, has launched itself on Kickstarter in December, taking pre-orders for the Carat Pro, a set of wireless headphones that are equipped with some sporty features.
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