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.

Funding

Company Company description Sector Country Round Round size($m) Deal date Investors
Rebellions Artificial intelligence microchip developer IT South…

Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.

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