Stories about funding for startups, covering private equity, venture capital funds and funding rounds
The telecoms giant will issue 3 billion yuan (US$470 million) of short-term debt next week, as it morphs from a hardware-centric model to a combination of hardware, software, and services.
China-focused private equity funds raised the lowest amount of capital in eight years during the second half of 2021, as policy uncertainties in the consumer tech sector and obstacles to cashing out through IPOs gave them cold feet.
Sports and music stars took to the stage for a Ukraine charity telethon that was addressed by world leaders including Ukrainian President Volodymyr Zelensky.
Start-ups in Asia are hoping potential private backers will continue to focus on the opportunities for patient capital.
Badminton fanatic Wei Chan launches the ‘Loh Kean Yew Encouragement Fund’ after the 24-year-old’s historic BWF world championships win last month – ‘I felt compelled to do something to thank him’.
Microblogging platform Weibo, and NetEase-backed music streaming site Cloud Village are racing to complete their fundraising ahead of the long year-end holiday.
Airwallex, which counts Tencent and Sequoia among its backers, plans to use the funds to accelerate its global expansion, explore new partnerships and product and engineering innovation.