JPMorgan Chase & Co. estimates the fundraising amount in private capital markets for entrepreneurs in Asia surged to over $240 billion last year from about $100 billion in 2017, driven largely by Chinese firms.
Read more: https://bloom.bg/336PGAP
Chinese Logistics Startup Gogox Gets Go-Ahead for Hong Kong IPO
(Yicai Global) Feb. 7 — Gogox Holdings, a leading online Chinese crosstown logistics platform, has been given the green light to proceed with an initial public offering in Hong Hong.
Read more: https://bit.ly/3owjkH5
Payments network Rapyd completes trading platform acquisition
Global fintech firm Rapyd has completed its acquisition of Hong Kong-based Neat, a cross-border platform that enables trade for small and medium-sized businesses (SMBs) and startups. The deal’s value was not disclosed.
Read more: https://bit.ly/3spdb0R
36氪首发 | 提供CV为主的视频解决方案，「范特科技」获数千万元Pre-A轮融资
近日，36氪获悉，江苏范特科技有限公司（以下简称“范特科技”）已完成数千万元天使轮融资，由天堂硅谷领投，小苗朗程和国联投资跟投。本轮投资资金主要用于研发团队的扩充、新产品的研发以及新商业场景的实施投入。
Read more: https://bit.ly/3Iq6NfX
Hacker costs 🇭🇰 NFT project $1.3m
Money Kingdom, an NFT project based in Hong Kong, was hit with a major security breach that saw a hacker steal cryptocurrencies worth nearly US$1.3 million, South China Morning Post reported.
Read more: https://bit.ly/3z3AIY6
Brinc Closes US$130M Funding, Led by Animoca Brands, to Launch Web 3.0-Focused Accelerators and Fuel Global Expansion
The new capital will fuel Brinc’s global platform expansion across new locations and verticals – allowing more investors and corporate partners to leverage funds, accelerators and bespoke-deal sourcing to access high-quality investment opportunities and emerging technologies in food, health, energ
Read more: https://prn.to/3yGeRWk
Web Summit event in Hong Kong postponed due to pandemic
The organisers of the Web Summit have postponed a sister event it was due to run in Hong Kong early next year due to the Covid crisis. The annual Rise conference was due to return to Hong Kong as an in-person event in March 2022 after the event was cancelled last year.
Read more: https://bit.ly/3sp0Rzj
China to Close Loophole Used by Tech Firms for Foreign IPOs
China is planning to ban companies from going public on foreign stock markets through variable interest entities, according to people familiar with the matter, closing a loophole long used by the country’s technology industry to raise capital from overseas investors.
Read more: https://bloom.bg/3orl4lv
Seoul bids for Hong Kong’s crown as Asia’s financial hub
The South Korean capital faces obstacles to attracting overseas firms including unfavorable tax rates and regulations. Seoul, South Korea – When Alex Short was offered rent-free office space to locate his fintech startup in Seoul’s financial district, he jumped at the opportunity.
Read more: https://bit.ly/3xuhSsh