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Saudi Aramco oils the wheels of $500m fund

Saudi Aramco Energy Ventures is preparing a $500m second fund following on from a first fund of the same size, launched by the unit in 2012.

Jan 13, 2020

Xiaohongshu returns to $500m funding talks

The Tencent and Alibaba-backed social commerce platform suspended the dicussions last year but is now retrying for financing at a $6bn valuation.

Jan 13, 2020

Alibaba helps Nice Tuan nick new funding

Alibaba has taken part in an $88.3m round for the community e-commerce platform that came five months after its merger with counterpart Niwoning.

Jan 13, 2020

Elara edges $70m in financing

News Corp and its real estate advertising arm, REA Group, supplied $70m in convertible note financing for the property listings platform.

Jan 13, 2020

Inagora draws fresh funding

Investors including SBI and Sugi chipped in to help Inagora, the operator of cross-border e-commerce marketplace Wandou, raise $48.4m.

Jan 13, 2020

Line helps TimeBank clock up funding

Line Ventures backed a $36.2m round for AI-equipped e-commerce platform TimeBank that will help the startup acquire new users and partners.

Jan 13, 2020

Frasers Property adjusts JustCo stake upwards

Frasers Property has expanded its share of the co-working space operator to 22.2% by acquiring $12.4m of additional stock in a secondary share purchase.

Jan 10, 2020

Ark sets sail from SCB Digital Ventures

Managing director Paul Ark is departing from Siam Commercial Bank after overseeing its SCB Digital Ventures unit for nearly four years.

Jan 10, 2020

Corporate venturing deal net: 6-10 January 2020

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

Jan 10, 2020

Ant Financial feeds $150m to Zomato

The funding will make up part of a round expected to close at $500m in the next two months and valued the food listings and ordering platform at $3bn.

Jan 10, 2020
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