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Hello readers,
A friend recently tagged me in a tweet about a competition to win a non-fungible token (NFT).
Whoever won the token would be the new owner of an animated digital model of a tiger. It looked pretty cool but I didn’t know what use I’d have for such a thing. Would I make it my phone wallpaper and show it off? Or put it up on a screen in my room, play it on loop, and admire it in my downtime?
Nevertheless, I decided to take part in the contest mostly because it didn’t take much effort – all I had to do was retweet it and tag three friends. To my surprise, I ended up winning.
Though I’m more amused than elated with my win, I am aware that NFTs are somewhat of a phenomenon in Asia’s tech scene. Top Silicon Valley investor Andreessen Horowitz recently invested in a Philippine-based startup that deals in the blockchain-based assets, while NFT-powered trading and battling video game Axie Infinity’s been making waves in the region.
If you want to learn more about the wacky world of NFTs, take a deep dive into the hot new trend in the latest episode of Tech in Asia Explains.
You can find all other important investment deals over the last few days in our weekly funding news wrap-up.
Let’s dive into the biggest deals and M&As that recently took place.
BIGGEST DEALS BY COUNTRY
🇨🇳 Kuaikan Comics: The comic book-reading platform based in Beijing scored US$240 million in series E funding from CCB International, Coatue Management, One Store, Tencent, and Tiantu Capital.
🇸🇬 PropertyGuru: The Singapore-based online property portal secured US$150 million as part of a strategic investment from REA Group.
🇮🇳 Zetwerk: The manufacturing services provider headquartered in India raised US$150 million in a series E funding round from Accel Partners, D1 Capital Partners, Greenoaks Capital, IIFL Holdings, Lightspeed Venture Partners, and Sequoia Capital.
Lists of most active investors in the region
List of top-funded startups in Asia
List of largest exits in Asia
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