Startup
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Huawei acquires Israel cyber security startup HexaTier for US$42 million
Chinese giant Huawei has recently acquired HexaTier, an Isreali cyber security startup for US$42 million. The smartphone maker will use HexaTier to set up an R&D center in Israel for databases in the cloud.
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Tiger Brokers raises US$29 million Series B funding round backed by CITIC Goldstone, Huagai Capital
Beijing-based online brokerage company, Tiger Brokers Co has raised up to 200 million yuan (about US$29 million) in a Series B funding round participated by Citic Goldstone Management Co Ltd, and Huagai Capital.
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Baby Pictures mobile app Qinbabao closes Series B funding led by China’s Fosun Group
Fosun Group, China’s global investment firm has led the Series B investment round in Qinbaobao, a baby picture mobiles app that allows users to upload and share baby pictures and videos.
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Taiping Assets Management leads US$309 million round in Shouqi Car Rental
Shouqi Car Rental raises US$309 million in a fundraising round led by Taiping Assets Management. Tianan Property Insurance and CCB International has also participated in the investment.
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Indonesia MDS raises ownership in Matahari Mall online for US$12.2 million
Indonesian retail firm MDS has increased its ownership in Global Ecommerce Indonesia (GEI), the parent company of local e-commerce startup, MatahariMall.com for a price tag of RP 164.9 billion (about US$12.2 million).
