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Page 712

CapitaLand builds $74m corporate venturing unit

C31 Ventures will make strategic investments in areas of interest to the Singapore-based property developer, and has already committed $11m to a state-run fund.

Jun 16, 2016

Didi Chuxing closes mammoth $7.3bn financing round

The round consisted of $4.5bn in equity funding from Apple, China Life Insurance, Tencent, SoftBank, Alibaba and Ant Financial, and an additional $2.8bn in debt.

Jun 16, 2016

Nomadd wanders towards series A

The Kaust Innovation Fund backs Nomadd, an automated cleaning system for solar panels, spun out of King Abdullah University of Science and Technology, in its $1m series A round.

Jun 16, 2016

Golden Gate crosses $60m fund target

Golden Gate Ventures has closed an oversubscribed second fund at $60m backed by limited partners including Hanwha Life Insurance, Naver and Hubert Burda Media.

Jun 15, 2016

Fenqile consumes $235m in series C round

An undisclosed Chinese insurance provider has co-led a series C round for Fenqile, whose shareholders also include JD.com and Bertelsmann.

Jun 15, 2016

Yotpo regains Access in $22m series C

The content-based marketing platform took its total funding above $50m in an Access Industries-backed round that will fund hiring and product development.

Jun 14, 2016

China Online Education writes final IPO script

The Duowan Entertainment-backed English language learning platform has raised $45.6m in a US initial public offering and will secure another $20m through a private placement.

Jun 13, 2016

China Life transfers $600m to Didi Chuxing

The insurance firm, also an investor in Uber, has supplied $300 in equity and $305m in debt financing for the ride hailing company, which has now raised $3.5bn in its latest round.

Jun 13, 2016
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