/PRNewswire/ -- Legend Capital announced today that the firm has closed LC Healthcare Continued Fund I, L.P., having raised US$270 million for a secondary...
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BAI backs Mexican digital bank Stori and 16 more deal updates from Greater China ResearchPremium
Mexican consumer fintech startup Stori has garnered $32.50 million in its Series B round funding led by U.S global investment firm Lightspeed Venture Partners, the investee announced on Friday.
The latest round brings the total sum of financing raised by Stori to $50 million.
Bertelsmann Asia Investments (BAI) Capital, Chinese Source Code Capital and Vision Plus Capital also re-upped in the current round. The three investors had, in February 2020, invested $10 million in Stori’s Series A+ round.
The new vehicle will be used to support Stori’s business growth, the company said.
China Digest: Muliang eyes $40m Nasdaq IPO; neoX Biotech, Resproly raise fresh capital
Source: Markus Winkler/Unsplash
February 2, 2021
Chinese fertiliser producer Muliang is seeking to raise $40 million in a Nasdaq IPO, while biotech startup neoX Biotech and inhalation therapy developer Resproly have closed new funding rounds to expand operations.
Fertiliser producer Muliang to raise $40m in Nasdaq IPO
Chinese fertiliser producer Muliang Viagoo Technology (MLVG) is seeking to raise $40 million on the Nasdaq this week by offering 10 million shares at a price of $4 apiece. At the proposed deal size, Muliang would command a market cap of $194 million.
Formed in 2014 under the laws of the state of Nevada, US, Muliang conducts business primarily through Shanghai Muliang, a variable interest entity (VIE) created under the laws of China, to engage in the manufacturing and distribution of organic fertilisers and the sales of agricultural products in China. Its organic fertiliser products are branded as “Zongbao,” “Fukang,” and “Muliang.”
Total0
China has become the world’s largest online retail market for 8 consecutive years
According to the Ministry of Commerce, in 2020, the online retail sales of physical goods will reach RMB9.8 trillion yuan, an increase of 14.8% against the trend, accounting for 24.9% of the total retail sales of consumer goods. China has become the world’s largest online retail market for eight consecutive years.
China’s UAV quantum networking research has made new breakthroughs
The team of Zhu Shining, an academician of the Chinese Academy of Sciences of Nanjing University, grouped two UAVs in the air. Through optical relay, entangled photons were distributed between two ground stations 1 km apart, which verified the feasibility of multi-node mobile quantum networking.
December 16, 2020
published at 4:41 AMReuters
Liu Yuxuan, 22, a student, puts on his make-up at a restroom in a shopping mall in Shanghai, China, on Dec 3, 2020.
Reuters
China's radiant male skincare market has a fresh shine: A raft of domestic startups is tapping global investors for funds, with ambitions to rival giants like L'Oreal in a billion-dollar business serving image-conscious millennial men like Hou Junru.
The 24-year-old Shanghai education worker got into skincare as a student and splurged more than $1,000 (S$1,332) on creams and lotions in e-commerce firm Alibaba's giant Nov 11 Singles Day promotion. "My need is to keep the skin moist and look pale," said Hou.
Dec 11, 2020
BEIJING/SHANGHAI – China’s radiant male skin care market has a fresh shine: A raft of domestic startups is tapping global investors for funds, with ambitions to rival giants like L’Oreal in a billion-dollar business serving image-conscious millennial men like Hou Junru.
The 24-year-old Shanghai education worker got into skin care as a student and splurged more than $1,000 on creams and lotions in e-commerce firm Alibaba’s giant Nov. 11 Singles Day promotion. “My need is to keep the skin moist and look pale,” said Hou.
It’s a priority shared by many of his peers, influenced by the spread of social media and South Korean pop culture that embraces a softer version of masculinity. Already the biggest in the world, the Chinese men’s facial skin care market is forecast to hit 12.5 billion yuan ($1.90 billion) this year — and expand 50% to 18.5 billion yuan by 2025, research firm Mintel estimates.
Mass Asia Investments Ltd. is planning to launch several ‘Mini Super Markets’ in Sri Lanka. “These supermarkets will be similar to the much sought-after 7/11 style supermarkets commonly found in South East Asian countries,” said Mass Asia Group Chairman Dr. Aloka Wahalawatta.
The first ‘Colombay Super’ Mini Mart was already opened in Katuwawala, Boralesgamuwa and plans are to open two more this year in Kegalle and Negombo. The company plans to invest around Rs. 30 million for these operations for 2020. “Unlike 7/11 outlets we are offering more household items such as fish and meat, vegetables and other commodities. We have already carefully handpicked and selected regular suppliers who ensure high quality merchandise for us to market,” he said.