Asia's tech leaders, half a world away from the chaos that's engulfed Silicon Valley, are scrambling to assess the potential ramifications for an industry that's always relied heavily on US capital and connections to supercharge growth.
The collapse sent shockwaves through Asia as major investors and sovereign funds rushed to check the exposure of their portfolios and investees to the failed lender, according to people familiar with the matter
AlleyWatch
Armed with some data from our friends at CrunchBase, I broke down the largest global startup funding rounds for April 2021. I have included some additional information such as industry, round type, a brief description of the company, investors in the round, company location, and total equity funding raised for the company to further the analysis.
Round: Series D
Description: New York-based Capsule is a healthcare technology business rebuilding the pharmacy from the inside out Founded by Eric Kinariwala in 2016, Organization Name has now raised a total of $570.0M in total equity funding and is backed by investors that include T. Rowe Price, Sound Ventures, TCV, Global Founders Capital, and M13.
Sequoia-backed gym chain Supermonkey close to unicorn status post Series E round
May 8, 2021
Chinese gym chain Supermonkey, which started out in 2014 with a self-service, container-made gym box, is now near a unicorn valuation of $1 billion after the completion of its latest Series E round at “hundreds of millions of yuan,” its investors announced earlier this week.
The Series E round was led by a sub-fund of CICC Capital, the flagship investment platform of investment banking firm China International Capital Corporation (CICC). CICC served as the exclusive financial advisor of the deal.
Supermonkey’s fundraising success rode on the steady growth of China’s fitness industry, supported by the country’s increasingly wealthier middle class, a shift towards more sophisticated lifestyles, and a growing awareness of staying fit.
A
How does Beijing define a monopoly? Could one be a national company 1 with a 48% market share in the economically booming southern province of Guangdong and just 10% in the far northern rust belt of Heilongjiang be one? It’s unclear, and that ambiguity risks destroying China’s tech-enabled social infrastructure with a new campaign to cut giant businesses down to size.
The investigations into alleged monopolistic practices of Alibaba Group Holding Ltd. and the big sway of Ant Group Co. have been accompanied by sharpening various antitrust regulations. The latest central bank definitions would make an institution with more than half the market in national payments (including online and mobile) a monopoly. That follows November guidelines that zeroed in on several practices, including the controversial “picking one from two” where e-commerce merchants are forced to choose a single marketplace for exclusivity. When it comes to monopolies, it’s important to ask how targ