KT and Kakao Ventures were part of AI chip developer Rebellions’ $72.8m series A round while Nvent helped provide $35.8m for cooling system provider Iceotope.
Funds
Japan-based internet company GMO formed a blockchain-focused corporate venturing subsidiary called GMO Web3 last month. The unit will support web3, non-fungible token and cryptocurrency technology developers through investment and the provision of industry know-how.
M&A
Smartphone manufacturer Hubei Xingji Shidai Technology acquired Meizu, a China-based peer backed by e-commerce group Alibaba, for an undisclosed amount in June, according to Bloomberg. Hubei Xingji is a subsidiary of automotive manufacturer Geely.