And, Nanofilm, a Singapore coating solution provider, will raise US$376 million through an IPO: South Korean car-sharing platform Socar has raised nearly US$50 million.
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Globalization of Chinese Enterprises
Sources say that Waterdrop plans to officially go to the US for an IPO in the first quarter of 2021. According to IPO reports, the domestic Internet health insurance protection platform “Water Drop Company” plans to formally go to the United States for an IPO in the first quarter of 2021, and the fundraising scale is estimated to be about US$500 million. Goldman Sachs, Bank of America and others will serve as joint lead underwriters. Water Drop Company was established in 2016 by Shen Peng, the co-founder of Meituan Waimai. The company’s business is mainly composed of “Water Drop Chips” and “Water Drop Charity” in the public welfare field, and “Water Drop Insurance Mall” and “Water Drop Mutual Aid” in the commercial field. At present, the company has successfully completed the Pre-IPO round of financing and has achieved profitability in April and May.
XTransfer, a cross-border financial and risk management service company, announced the completion of its C1 round of financing. It was learned that this round of financing was led by Telstra Ventures, MindWorks Capital Concept Capital and old shareholders followed suit, Light Source Capital Acting as the exclusive financial advisor, the specific financing amount has not been disclosed. After this round of financing, XTransfer will further consolidate its data-based capabilities and anti-money laundering risk control capabilities, improve customer in-depth service capabilities, and recruit more talents.
Alibaba and Israeli shipping company Zim have reached a strategic cooperation on shipping business. According to Reuters, Israeli shipping company Zim said on Monday that it has contacted Alibaba Group signed a strategic cooperation agreement to directly purchase shipping services, which will enhance the logistics services of sellers on the Alibaba platform. Zim said that it will provide shipping and related services directly on the Alibaba logistics platform. (Interface News)
Southeast Asia
Nanofilm, a Singapore coating solution provider, will raise US$376 million through an IPO. According to Business Times, Nanofilm, a coating solution provider, will be listed on the Singapore Stock Exchange. The company is headquartered in Singapore, affiliated to Nanyang Technological University, and has operations in China, Japan and Vietnam. According to Reuters, the company will raise approximately US$376 million in the IPO.
Propseller, a Singapore real estate technology company, raised US$1.2 million in a seed round of financing. according to e27, Singapore real estate technology companies raised US$1.2 million in seed round financing. Investors include Iterative, Hustle Fund and XA Network. Propseller was founded in 2018 to help reduce the pressure of real estate sales and leasing by using online platforms. It is reported that the newly raised funds will be used for team expansion and product development.
Latin America
The Brazilian financial intermediary platform Ideal completed a US$18 million Series A financing. According to Lantamlist reports, Brazilian financial intermediary platform Ideal received US$18 million in Series A financing, led by Kaszek Ventures, and the transaction is awaiting approval from the Central Bank of Brazil. Ideal was established in 2019 and is committed to providing a communication platform for investors and the market. In terms of transaction volume, Ideal has become one of the three largest financial intermediaries in Brazil. The funds will be used to expand the user base, upgrade technology and develop new products.
The Brazilian financial technology service platform Quanto completed US$15 million in financing. According to Latamlist, this round of financing was led by Brazil’s large banks Bradesco and Itaú Unibanco, and Kaszek Ventures and Coatue followed suit. The Quanto platform provides data sharing opportunities for financial institutions and third-party platforms such as retailers and online marketplaces.
Middle East
FoxPush, a Dubai advertising technology company, raised US$15 million. According to MENAbytes reports, Dubai advertising technology companies recently received US$15 million from Lebanese company JGroup. FoxPush was established in 2016 and is committed to accurate advertising through big data. The funds will be used to build the Arab’s first advertising demand-side platform, improve its own technology and improve the company’s business in the Middle East, laying the foundation for entering the European and American markets in 2021.
Others
South Korean car-sharing platform Socar raised nearly US$50 million. According to Venture Sequare, South Korean car-sharing platform Socar recently announced that it has completed 60 billion won (approximately US$50 million) in financing. The investors are South Korean investment institutions SG PE and Socar.nghyun Investment, this financing will be used for the continuous development and service application of artificial intelligence and big data technology.
Japanese venture capital firm aStart raised US$36 million for its second fund. According to DealstreetAsia, Japanese venture capital firm aStart Co Ltd raised US$36 million in financing for its second fund. This fund The main focus will be on space technology.
36Kr Japan
36Kr Global helps Chinese companies go overseas to Japan-36Kr Global’s overseas territory has covered Southeast Asia, Japan and India. Among them, 36Kr Japan (https://36kr.jp/) was established in Tokyo, Japan in 2018, aiming to break the information between Chinese and Japanese companies Communication barriers help Chinese companies go overseas. Today, 36Kr Japan has become the most watched Chinese New Economy News website in the Japanese market. In terms of channels, 36Kr Japan has established a cooperative relationship with Japan’s three major news platforms-Yahoo News, LineNews, and SmartNews. In May 2019, we also formed a global strategic partnership with Nikkei, Japan’s most authoritative media group, to jointly promote technological exchanges and innovation in Asia and enhance cross-border cooperation between companies. For Japanese reports and cooperation between Japanese companies, etc., please email to info@36kr.co.jp.
文｜Pei Yixin@出海
Picture｜Picture Worm
