China's co-working space provider, UrWork has recently completed a series-B fundraising worth RMB 4 billion (about US$58 million) from Tianhong Asset Management, Junfa Group and other Chinese companies. This latest fundraising pushes the Chinese firm's valuation over US$1 billion.
Tikona Digital Network has received a US$171 million commercial loan from Overseas Private Investment Corporation on Tuesday. This latest proceeds will be used for market expansion.
The China-CEE Fund, which focuses its investments in Central and Eastern Europe, has agreed to buy Hungarian fixed line telecom and broadband internet provider Invitel Group for an enterprise valuation of €202 million (about US$214 million).