GIC-backed Chinese biotech firm Brii Biosciences files for HK IPO
Last month, Brii Bio secured a $155-million Series C round led by Invesco Developing Markets Fund.
China’s Waterdrop faces pushback from regulators on planned US IPO
Waterdrop had aimed to go public by end-2020.
China Digest: Fintech startup Ice Kredit bags $35m; OnQuality Pharma nets $20m
Ice Kredit’s Series C2 was led by China Development Bank Capital’s joint fund CDB-CDC Capital.
Flipkart partners with Adani Group for fulfilment facility, data centre in India
Adani Logistics will construct a 534,000 sq. ft. fulfilment centre in Mumbai that will be leased to Flipkart.
SE Asia Digest: PH-based Entech bags $5m funding; Draper acquires Vietnam’s Hatch!
Entech bagged the investment from Chicago-based family office Concentric Equity Partners.
Xiaomi, Kuaishou-backer 5Y Capital closes new USD, RMB funds at over $2b
The latest US dollar funds alone raked in over $1.7b.
China’s AI drug discovery platform StoneWise bags $100m in Series B, B+ rounds
The Series B round was led by Legend Capital, while Lightspeed China and Greater Bay Area Homeland Investments co-led the Series B+.
Alibaba says it does not expect any material impact from regulatory action in China
Alibaba executives said they remain confident in the government’s support of the company.
Alibaba to lower entry barriers, business costs of merchants
China recently imposed a record $2.75 billion fine on Alibaba amid a crackdown on tech conglomerates.
Global PE giant Partners Group scouts for tech buyout opportunities in Asia
SaaS businesses in the region, in particular, are potential investment targets, says Cyrus Driver.
