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Tencent leads $100M Series B funding round into China-based esport provider VSPN

TechCrunch

Further confirmation that the esports market is booming amid the pandemic comes today with the news that esports “total solutions provider” VSPN (Versus Programming Network) has raised what it describes as “close to” $100 million in a Series B funding round, led by Tencent Holdings. SPACE in Seoul, South Korea.

China 108
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African fintech OPay valued at $2B in SoftBank Vision Fund 2-led $400M funding

TechCrunch

Chinese-backed and Africa-focused fintech company OPay raised $400 million in new financing led by SoftBank Vision Fund 2, Bloomberg reported Monday, valuing the company at $2 billion. The new financing also comes two years after OPay announced two funding rounds in 2019 — $50 million in June and a $120 million Series B in November.

Fund 139
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BEYOND Expo 2025: SECURE FUNDING IN AS FAST AS 60 SECONDS? JOIN FUND AT FIRST PITCH (FAFP) AT BEYOND EXPO 2025!

TechNode

Fund at First Pitch (FAFP) isnt just another pitch sessionits a high-speed, high-impact opportunity to land funding in record time. Get the exposure you need, stand out from the crowd, and turn funding from a dream into reality! Why wait months for funding when you can secure investor interest in just minutes?

Fund 59
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Chinese autonomous driving startup WeRide bags $200M in funding

TechCrunch

WeRide, one of China’s most-funded startups developing autonomous driving capabilities, said on Wednesday that it has raised a $200 million strategic round from Chinese bus maker Yutong. Autonomous driving startups in China are racing to showcase their progress, in part to attract funding for their cash-bleeding businesses.

Fund 124
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Edtech’s venture-backed globalization pauses at China

TechCrunch

are increasingly going global, but recent regulatory crackdowns in China , which instructed local K-12 tutoring startups to go nonprofit, have led to a chill among check-writers looking at the country. based investors often cited China as validation of the opportunity for direct-to-consumer businesses in the K-12 world.

China 99
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Is it so bad to take money from Chinese venture funds?

TechCrunch

Denis Kalinin works at venture fund Runa Capital as Asia Business development manager, devoted to connecting the Western and Asian VC worlds and bringing long-term value to both. China is becoming a superpower in the tech industry. Despite geopolitical tensions and recent amendments in CFIUS, it is hard to ignore China.

Fund 102
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African startups join global funding boom as fintech shines

TechCrunch

But apart from China, most key startup countries and regions are seeing strong investor interest. Early data indicates that Africa is set to trounce historical records in terms of venture capital raised in the year and that the first half of 2021 saw roughly twice the funds raised by African startups as was recorded in the first half of 2020.

Global 123