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Startup Ecosystem & Funding
Fund Created by PChome Online and Chunghwa Telecom Announces Startups Targeted for Investment
Executives from a US$13 million venture capital fund created by Taiwanese telecommunications firm Chunghwa Telecom and e-commerce giant PChome Online have announced the first batch of startups that will receive investment from the fund .
E-commerce Platform Pinkoi Teams up with Venture Capital Firm Cherubic Ventures to Create Joint Venture for Fostering Asian Creative Industries
Pinkoi, a Taiwanese e-commerce platform for trading goods with original designs, has created a joint venture with Cherubic Ventures, a technology-focused venture capital firm, which will foster Asia’s creative industries and help local designers reach glo
WeWork Labs and Alibaba Cloud Join Hands to Give Startups a Push
The China unit of WeWork’s accelerator-type program WeWork Labs and Alibaba’s cloud computing arm Alibaba Cloud have inked a partnership to support entrepreneurs grow their businesses both in Greater China and overseas.
ShopBack Secures US$45M Funding Led by Rakuten, EV Growth
Rakuten along with EV Growth were leading the investment
AnyMind Group Raises an Additional US$8 Million in Funding, with Total Investment Close to US$40 million
AnyMind Group, an AI solutions provider for advertising, marketing and human resource companies, recently announced a new infusion of US$8 million, bringing total investment in the company to stand at US$35.9 million.
Softbank to Invest $1.6 Billion in Didi: CEO
Japanese conglomerate Softbank will invest an additional $1.6 billion in Didi, according to the company’s CEO. The move comes amid reports of the ride-hailing giant’s record losses in 2018.
SoftBank To Inject US$500M Fund to Back Early-stage Startups
Joining to back the fund are South Korea’s National Pension Service and other companies and asset management firms
Sigfox:French IoT Giant Sets up “Hacking House” in Taipei, Its First in Asia
French IoT company Sigfox has picked Taiwan to host its first Asia-based program for cultivating talent.
Grab Raises US$1.46B from the SoftBank Vision Fund
Grab has raised a total of over US$4.5 billion in its Series H funding round
Briefing: Tesla Seeks $2 billion in Loans for Shanghai Gigafactory
Tesla is lining up about $2 billion in loans for Shanghai Gigafactory: analyst report — CNBC
Taipei-based Accelerator MOX Selects 6 Promising Startups for Demo Day
Taipei-based accelerator MOX recently kicked off a demo day in Taiwan’s capital, with six global startups offering mobile services in areas ranging from fintech to e-commerce selected for cultivation.
Lalamove Raises US$300M in Series D Funding Round to Widen Expansion
The funding round followed a US$100 million Series C funding round that Lalamove has secured in October 2017