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China improves financial support for reform, opening-up in Hainan

China on Friday issued a plan outlining financial support to Hainan to shore up the resort island's comprehensive reform and opening-up.The plan was jointly released by the People's Bank of China, Ch

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SoftBank Vision Fund 2 invests $160M in media localization provider Iyuno-SDI Group

Iyuno-SDI Group, a provider of translated subtitles and other media localization services, announced today it has raised $160 million in funding from SoftBank Vision 2. The company said this makes the

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Norwegian corporate training startup Attensi raises $26M from NYC’s Lugard Road, DX Ventures

Corporate training startup Attensi — which originally emerged out of Oslo, Norway — has raised $26 million from New York-based Lugard Road Capital, DX Ventures (a VC fund backed by Delivery Hero), and

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India’s Spinny raises $65 million to expand its online platform for selling used cars

Hundreds of thousands of used cars are sold in India each month. But buying one through the offline and traditional channel could prove to be a painstakingly long and high-risk process.A Gurgaon-based

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Have a startup in Detroit? Apply to pitch at TechCrunch’s Detroit virtual meetup!

TechCrunch is coming to Detroit — virtually, at least. On April 15, TechCrunch is hosting a small online event with local venture capitalists, founders and those curious about the growing ecosystem. T

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KKR closes $15 billion fund targeting consumption and urbanization in Asia

KKR has just closed $15 billion for its Asia-focused private equity fund, exceeding its original target size after receiving “strong support” from new and existing global investors, includ

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LINE Ventures merges with YJ Capital, launches $271M fund

LINE completed its merger with Yahoo! Japan owner Z Holdings last month, and now the two firm’s venture capital arms have also combined. Z Holdings announced today that its subsidiary, YJ Capital, has

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As Compass downsizes its IPO, signs of weakness appear for high-growth companies

On the same day that Deliveroo’s IPO fizzled at the start of trading, Compass announced via a fresh S-1 filing that it will reduce the number of shares in its impending flotation and sell them a

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Cryptocurrency wallet and blockchain tech startup imToken raises $30 million Series B

imToken, the blockchain tech startup and crypto wallet developer, announced today it has raised $30 million in Series B funding led by Qiming Venture Partners. Participants included returning investor

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Is Substack really worth $650M?

Substack didn’t invent the paid newsletter, but the startup’s early success with the model is enticing previous backers to more than double down on the media startup.The Exchange explores

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Abu Dhabi launches new COVID-19 vaccine plant with China's Sinopharm

Packages of COVID-19 vaccine by Beijing Institute of Biological Products of Sinopharm's China National Biotec Group are displayed, February 26, 2021. /Reuters A new factory in Abu Dhabi will s

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Rec Room raises at $1.25B valuation from Sequoia and Index as VCs push to find another Roblox

Investor FOMO following Roblox’s blockbuster public debut is pushing venture capitalists who missed out on that gaming giant to invest in competing platforms.Today, Rec Room announced it has rai

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French VC firm Breega raises $130 million fund

Breega, a VC firm based in Paris, has announced the final closing of its third fund. The firm has managed to raise $130 million (€110 million).This is Breega’s third fund and is officially called Bree

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Indian social network Public App raises $41 million

Public App, a location-based social network that connects individuals to people in their vicinity, has raised $41 million in a new round, just six months after securing $35 million as the hyper-local

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Indian social network Public App raises $41 million

Public App, a location-based social network that connects individuals to people in their vicinity, has raised $41 million in a new round, just six months after securing $35 million as the hyper-local

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Indonesian savings and investment app Pluang gets $20M in pre-Series B funding

Indonesia-based fintech Pluang announced today it has raised $20 million in a pre-Series B round led by Openspace Ventures, with participation from Go Ventures and other returning investors. The compa

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Volkswagen will bring 240 gigawatt hours of battery production capacity to Europe by 2030

Volkswagen AG is gearing up to seize the top spot as the world’s largest electric vehicle manufacturer with plans announced Monday to have six 40 Gigawatt hour (GWh) battery cell production plants in