Asia

China Haidian acquires London-based Swiss watch seller Dreyfuss in all-share deal

Kowloon, Hong Kong-based investment firm China Haidian Holdings Ltd acquired London, UK-based Swiss watch retailer The Dreyfuss Group in an all-share deal that will see the Dreyfuss brands expand into Asia.

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Viddsee launches new site to promote Asian indie films on social network

Online video platform Viddsee launched its new site Viddsee BUZZ to promote independent films from Hong Kong, Japan, Singapore, Malaysia, Cambodia, Thailand, and the Philippines on social media and help them go viral.

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Real estate listing platform Lamudi gets USD7 million funding

Rocket Internet's Lamudi has received USD7 million funding from Tengelmann Ventures and other new investors left undisclosed, reported TechCrunch.

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San Francisco-based music apps maker Smule scores $16.6M in new funding

San Francisco, US-based social music apps maker Smule scored $16.6 million in a new funding round led by Roth Capital Partners to develop its products and fuel its expansion into Asia.

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US firm iControl Networks acquires Canadian home automation device maker Blacksumac

Redwood City, US-based remote home monitoring company iControl Networks acquired Ottawa, Canada-based home automation device maker Blacksumac for an undisclosed amount to expand its product portfolio.

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Irish hotel booking startup Hot Hotels bags $1M for international expansion

Ireland-based same-day hotel booking startup Hot Hotels bagged $1 million (€730,000) in funding from private investors and accelerator funds to fuel its expansion into Europe and South America.

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San Francisco's Metabiota pockets $2.38M in venture round to monitor viral diseases

San Francisco, US-based health tech firm Metabiota pocketed $2.38 million in a venture round to monitor emerging threats of viral diseases around the world using big data analysis.

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California-based late-stage investment firm Technology Crossover Ventures raises $2.23B for eighth fund

Palo Alto, US-based late-stage investment firm Technology Crossover Ventures (TCV) raised $2.23 billion for its eighth growth equity fund from European and Asian private and public pension funds, financial institutions and other investors.

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Singapore's Monozca Foundation to open incubator facility for SMEs in the Philippines

Singaporean organization Monozca Foundation is opening an incubator facility for small and medium enterprises (SMEs) in the Philippines in Filinvest Corporate City, which will be called the Cocoon SME Global Hub.

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South Korean beauty box Memebox bags $1.5M in funding for US expansion

Palo Alto, US-based beauty box retailer Memebox, which was imported from South Korea, bagged $1.5 million in venture funding to establish its presence in the US.

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San Francisco's Premise nabs $11M in Series B round to track prices of food staples

San Francisco, US-based real-time economic data tracking platform Premise nabbed $11 million in a Series B funding round led by Social+Capital Partnership to continue tracking prices of food staples in Asia, Latin America, US, and Europe.

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Russian ad platform CityAds nabs $5M investment from Klever Internet

Moscow, Russia-based affiliate marketing and advertisement firm CityAds Media nabbed a $5-million investment from private equity investor Klever Internet Investments in exchange of a minority stake in the ad company.

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Li Ka-Shing leads $23M investment in US-based fake egg startup

Li Ka-Shing, the richest man in Asia, led a $23-million investment round in Silicon Valley, US-based synthetic egg startup Hampton Creek which is preparing to conquer the Asian market.

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Singaporean data analytics firm Crayon Data secures INR7.3 crore for expansion

Singapore-based data analytics firm Crayon Data secured INR7.3 crore in a venture round from Jungle Ventures and Spring Seeds Capital for its expansion into the US, UK, Middle East, and China.

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US language learning app Duolingo secures $20M in funding to penetrate Asian market

Pennsylvania, US-based language learning app Duolingo secured $20 million in a recent funding round led by Kleiner Perkins Caufield & Byers to conquer the Asian market and compete with other English-teaching services.

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