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Cheng to answer fraud charges

A Singaporean judge is set to hear allegations that a former NTUitive director fixed contracts with two outsourcing companies he had relations with.

Sep 16, 2020

Tencent triggers formation of $148m healthcare fund

Tencent Trusted Doctors has partnered China Resources' CR Capital fund to establish a healthcare industry fund focusing on the city of Chengdu.

Sep 16, 2020

Carousell spins $80m round

The e-commerce marketplace secured $80m in a round led by Naver and backed by its Mirae Asset-Naver Asia Growth Fund at a post-money valuation topping $900m.

Sep 16, 2020

Acko stacks up $60m in series D

The online insurer took its total valuation to $500m in a round led by Munich Re Ventures and backed by fellow corporate investors Amazon and Intact Financial.

Sep 16, 2020

Biocytogen brings in $142m

China Life has returned for a $142m series D-plus round for cancer treatment developer Biocytogen, having already co-led its $77m series D round 13 months ago.

Sep 15, 2020

Panasonic packs $150m into second Conductive fund

Less than two and a half years after launching its $100m first fund, growth equity firm Conductive Ventures has announced a second vehicle also funded by Panasonic.

Sep 15, 2020

SAIC Motor sends funding to WM Motor

The electric vehicle producer received $73.1m from SAIC's parent company as it reportedly mulls an initial public offering that could value it at $4.3bn.

Sep 15, 2020

Dream11 scores $225m

The Tencent-backed fantasy sports provider has secured primary and secondary investment at a reported valuation topping $2.5bn.

Sep 14, 2020

Singlife clings on to Aviva Singapore

The Sumitomo and Aflac-backed digital insurance and savings product provider has merged with Aviva Singapore to form a business valued above $2.3bn.

Sep 14, 2020

Sony stakes environment technology fund

The corporate is putting $9.4m into Sony Innovation Fund: Environment, which will initially invest in environmental technology developers at seed stage.

Sep 14, 2020
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