Matrix, Vertex raise new funds while Alibaba, Xiaomi, Tencent and Softbank ink deals in APAC and Europe
Category: China News
Startup Asia’s wrap of the news with a cross-border focus features Matrix, Nexus and Innovation Works.
Weekly Wrap – Qiming raises a 5th fund of $650 million to invest more in China’s leading edge tech innovators while Softbank gears up to pour $10 billion in India over next 10 years.
Hong Kong fintech startup WeLab nabs $160 million and becomes a near-unicorn, a first for the city.
China capital is funneling into Europe, and London is a key destination for investing in startups with China market potential.
Mind-boggling amounts are going into Asian ventures – Norwest raises huge $1.3 fund amid new government-led startup capital while Meituan-Dianping pulls in $3.3 billion for market race dominance.