KKday, an Asian travel-experience platform, raised US$10.5m in funding.
ZCool Network Technology Limited, a Chinese creative social network and artist platform, received a $15m investment from New York City-based Shutterstock (NYSE: SSTK).
JD.com, Inc. (NASDAQ:JD), China’s largest retailer, has entered into definitive agreements for the approximately $2.5 billion financing for its logistics subsidiary, JD Logistics.
Shanda Games, a Chinese online game company, received an approximately RMB3 billion strategic investment from Tencent Holdings Limited (SEHK: 00700), a provider of internet value-added services in China.
Magma Partners, an early stage venture capital firm with offices in the U.S. and Latin America, has held the first close of its second $15M fund.
Organica Water, a global provider of innovative solutions for the treatment and recycling of wastewater, completed a $21m Series D financing.
Bespin Global, a Seoul, South Korea, and Shanghai and Beijing, China-based cloud management company, closed US$27m funding round.
XPENG Motors, a Chinese electric vehicle manufacturer, raised an RMB 2.2 billion Series B capital funding.
Since the introduction of Bitcoin, South Korea has been in the forefront trading it. The country is one of the best-wired societies in the world and enjoys blazing-fast internet speeds. This has played a major role in making South Korea a hotbed of cryptocurrency.
Dianrong, a Shanghai, China-based online lending marketplace, raised an additional US$70m in Series D funding.
XtalPi Inc., a Shenzen, China-based computation-driven pharmaceutical technology company, closed a $15m Series B funding round.
Clobotics, a Shangai, China-based computer vision technology startup, raised $5m in Series A+ financing.
Space Cycle, a Beijing, Shanghai and Taipei-based premium boutique fitness and active lifestyle brand, closed a RMB100m Series B funding.
Renault-Nissan-Mitsubishi has launched Alliance Ventures, a new corporate venture capital fund that plans to invest up to $1 billion to support open innovation over the next five years.
BaishanCloud, a Beijing, China-based provider of cloud data services, completed its US$50m Series C of private equity financing.