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Press Release for “Belt and Road Meets Digital Bangladesh” Conference, Shenzhen Stock Exchange, May 6, 2019

The “Belt and Road Meets Digital Bangladesh” Conference was held at Shenzhen Stock Exchange, on May 6, 2019 at which more than 25 Bangladeshi Technology Companies had the opportunity to present to almost 100 Chinese investors and companies. Shenzhen is the technology capital of China and more than 2100 companies are listed on the Shenzhen Stock Exchange is the 8th
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Enovate Motors snags $298 million

Enovate Motors, Chinese electric vehicle startup, has closed $298 million investment in Series A funding round from different public companies and government funds.  With the latest investment, Enovate has so far raised over RMB 6.5 billion ($760 million) in funding since it was founded in mid-2018. Enovate began construction on its first 5.1 billion yuan electric car factory in March 2019
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stock-economy

Source Code Capital raises $570 million

Founded by former Sequoia Capital China partner Yi Cao, Source Code Capital, Beijing based venture capital firm, has closed Source Code Venture IV and Source Code Growth Fund I. The total commitment brought to these funds is around $570 million. The closing of the two funds brings Source Code Capital’s total capital under management to $1.8 billion.
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Intel Capital backs Cloudpick, EEasy Tech

Intel Capital has made new investments of $117 million in 14 tech startups such as China’s Cloudpick Limited & Zhuhai EEasy Technology Co and Israel’s proteanTecs. Other startups are from US that come from communitions, healthcare and manufacturing industries. Intel Capital makes $300-$500 million investment every year in potential innovative companies around the globe.
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Blue Mobile raises funds in Series C round

Blue Mobile, a southeast Asia based vending machine and payment platform, has raised an undisclosed amount in Series C round led by online payment giant Ant Financial. Established in 2014, Blue Mobile started its business in China and has expanded its subsidiaries across Thailand, Vietnam, Malaysia, and Indonesia. Blue Mobile has got over 6,000 smart vending machines throughout Indonesia and Thailand
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Mollybox secures $13 million in Series B

Mollybox, a Shanghai based e-commerce platform for cat food, has raised $13 million in Series B round led by DCM and Mars-backed venture capital Digitalis. Other participants included Unity Ventures, Seek Ventures, FJ Labs, Tekton Ventures and Long Capital. The startup has developed a unique business model in China’s pet food sector by launching a subscription-based service, which allows its 30,000 subscribers
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Hunliji raises $70 million from Orchid Asia and others

Hunliji, a Chinese wedding services provider has bagged $70 million in Series D1 round led by Orchid Asia Group Management, an investment firm. Other investors include Matrix Partners China, China Money Network. Founded in 2013, Hunliji also raised $65 million in Series C round on March of last year. The company provides online and offline wedding-related services including banquet, filming, planning, car rental,
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biotechnology-agriculture-GMO-science

Chinese Biotech Firm Burning Rock Snags $125.5 million

Burning Rock, a Chinese biotech firm, has raised 850 million Yuan (over $125.5 million) in Series C round led by Singapore's sovereign wealth fund GIC. Other investors include LYFE Capital, CMB International Capital, Lilly Asia Ventures (LAV), Sequoia Capital China and T&Brothers Capital. Burning Rock's 3 core businesses include cancer patient companion diagnostics, early cancer detection, and cancer genome big data ecosystem. Earlier in
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ADB expects Asia to grow 6% this year

Manila based institution, Asian Development Bank released an update of Asian Development Outlook on Wednesday which clearly stated that Asia will grow 6% this year and 5.8% next year. According to the report, China is expected to grow 6.6% and 6.3% in 2018,2019 where India is expected to grow 7.3% and 7.6% in the same period. The reasons for growth are
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