Startup Asia Digest: VC Andrew Chung forums 1955, Didi tips scales at $20B, Huawei stands behind Tim Cook’s position, China’s Perfect World links up with Hollywood
Category: Global News
Prominent venture investors in the Forbes Asia list of young up and comers include DCM, Gobi Partners, Sequoia Capital, IDG Ventures India and Golden Gate Ventures.
Sequoia Capital’s new mega fund for India and Southeast Asia goes for the jackpot by backing more and more regional next-generation startups.
Hong Kong fintech startup WeLab nabs $160 million and becomes a near-unicorn, a first for the city.
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.
A new sort of publicly traded unicorn has been created with the $1 billion financing of JD’s fintech unit from Sequoia Capital China and Chinese strategic investors.