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Chinese tech majors could star in more S-E Asian unicorn deals
Published Mon, Oct 4, 2021 · 05:50 AM
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Singapore
BIG tech money from China surfaced in the minting of two South-east Asian unicorns last week.
In Ninja Van's US$578 million fundraise, Alibaba invested a whopping US$200 million, valuing the last-mile logistics company at US$2.2 billion, according to data from VentureCap Insights.
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Startups
Vietnam education startup Prep bags US$7 million in Series A funding
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Ninja Van axes more than 20 employees in tech team in Singapore
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Fast-fashion giant Shein wants to sell skincare, toothpaste and toys, too
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