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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.

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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.

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US government warns Nvidia against circumventing China export restriction by redesigning chips

TechSpot

Speaking at the Reagan National Defense Forum in Simi Valley, California, on Saturday (via BNN Bloomberg), Raimondo said her department needed more funding to address China's "rapidly growing" semiconductor markets to deny the country the most cutting-edge technology from the US. Read Entire Article

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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.

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China’s Horizon Robotics offers assisted driving software to Chery

TechNode

Chery, Chinas third biggest private automaker by shipment last year, in 2022 announced a strategic funding agreement for Horizon, with the first sedan under its premium EV marque Exeed powered by the latters Journey 3 computing solution. TechNode reporting ]

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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.

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African startups join global funding boom as fintech shines

TechCrunch

The Exchange is on a trip around the world, poking our heads into various startup markets to better understand how different geographies are faring during a historic boom in venture capital activity. But apart from China, most key startup countries and regions are seeing strong investor interest. But the capital is not flowing evenly.

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