Chinese Co-Working Space Firm Kr Space Plans Major Hong Kong Push As It Nears Closing Of New Funding Round

Beijing-based co-working space operator Kr Space Ltd. is pushing into Hong Kong aggressively, adding three new leases of office space recently that it hopes to convert to co-working facilities. This comes as the competitor to WeWork Cos. in China is trying to close a new funding round of roughly US$300 million after raising US$200 million last month, according to people familiar with the matter.

Chinese Blockchain News Portal Mars Finance Secures Series A+ Round

At a blockchain industry conference held in Singapore today, Wang Feng, founder of Mars Finance, announced that his Chinese blockchain media start-up has raised a series A+ round financing. The round of financing was led by Ceyuan Ventures and Huobi Global Ecosystem Fund with a post-money valuation of RMB330 million (US$51.5 million).

China VC Tracker: Chinese VCs Made 284 Deals Worth $6.38 Billion In May 2018

Chinese venture capital activity saw a jump in the number of announced deals but total deal value dropped significantly last month from April because of the lack of mega deals. In May, 284 VC deals were announced worth an aggregate US$6.38 billion, compared to 209 deals worth US$15.59 billion in April, according to China Money Network’s China VC Tracker released today. China VC Tracker is produced based on proprietary data collected by China Money Network.