Tagged: idg capital

Nigerian Mobile Money Service and Ride-Hailing App OPay Raises $120 Million via Series B Round

OPay, a Nigeria-based mobile money service and ride-hailing app, revealed on November 18 that it had acquired $120 million in funding through a Series B investment round just months after it raised $50 million in a separate round. The African venture capital market has been… Read More

“CZ Binance” Files Countersuit Against Sequoia Capital

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Ex parte orders filed against the Binance crypto trading platforms by a leg of the VC firm Sequoia Capital have backfired as a judge’s staying of the orders have ushered in a countersuit against Sequoia brought by Binance CEO Changing Zhao, also known as “CZ,”… Read More

DEXON Receives $20 Million Through Private Placement Round Led By IDG Capital

The DEXON Foundation, the organization that guides in the development of the decentralized protocol platform, DEXON, announced on Monday it secured a $20 million through its private placement investment round, which was led by IDG Capital. As previously reported, DEXON was created by the leadership team… Read More

China: WeiyangX Fintech Review

International Tuition Payment Platform Easy Transfer Receives Tens of Million Yuan in Series A Financing This week, Easy Transfer announced that it has won tens of millions yuan in Series A financing, which was led by Zhen Fund and followed by IDG Capital. It is… Read More

China: WeiyangX Fintech Review

Regulators in China are Said to Plan a Blanket Ban on Initial Coin Offerings In response of the ICO craze, regulators in China including PBC, CSRC and NIFA have held several internal meetings to discuss the best approach to regulate this emerging token creation events…. Read More

Kickstarter Alum uSens Captures $5.5M in Pre-Series A Funding Led by IDG Ventures, Lebox Capital and Maison Capital

uSens, Inc., a Silicon Valley pioneer providing full 3D interactive solutions for virtual reality and augmented reality, announced today that it completed a $5.5 million round of pre-Series A financing co-led by IDG Ventures, Lebox Capital and Maison Capital in June. Also participating were Stone… Read More

P2P Lender CreditEase & Wellington Management Partner to Invest in Pre IPO Companies

CreditEase, a China based peer to peer lender and wealth management company, has partnered with US based Wellington Management to invest in pre-IPO stage companies, according to a report in the China Daily. The agreement is described as one where CreditEase will provide the capital… Read More

China Based Formax Announces Alternative Trading Platform

In a public release Formax has announced a new “trading community” that seeks to become a “one stop shop” individual trading platform.  Formax states it has collaborated with 6 securities firms in China that aggregates various asset classes including peer to peer lending.  China is… Read More

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