Gen Foodsbagged News Today : Breaking News, Live Updates & Top Stories | Vimarsana

BOCOM International, a unit of Hong Kong-listed Bank of Communications, and venture capital firm
Cyberport Macro Fund (CMF).
Tongcheng Life, a Chinese online community group-buying platform backed by
Bertelsmann Asia Investments, has filed for bankruptcy just three years after its inception in August 2018. The startup, which secured an investment of $200 million last June, failed to stay afloat in an increasingly competitive market fuelled by heavy subsidies.
All the deals announced in the region are captured in our deal monitor.
Fundraising by investors continues unabated
Malaysian private equity firm
Creador has made the first close of its fifth fund at $500 million, DealStreetAsia has learnt. The fund is on track to make its final close by the end of this year with a corpus of $680 million. ....

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