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Indonesian edutech startup Ruangguru reportedly closes US$7-8M Series B funding round

Ruangguru has recently raised a grant from global mobile operator trade body GSMA 

Mobike raises over US$600M to ramp up AI tech, IoT network and global expansion

Mobike's long-time backer, Tencent, led the round. Other investors include Sequoia, TPG, and Hillhouse Capital 

MyCash is an e-marketplace for unbanked migrants in Malaysia; raises US$556K in crowdfunding led by Cradle Fund

MyCash enables migrants to purchase products and services such as phone credits and bus tickets without using bank account, credit cards, or prepaid cards 

Jack Ma could join US$1.5 billion Grab funding round: Bloomberg

If true, it would bring Ma into direct competition with Tencent, while teaming him up with Masayoshi Son 

Japan govt invests US$10M in 500 Startups to help local startups expand globally

Government-backed Cool Japan Fund is now the largest LP in Silicon Valley-based 500 Startups 

MoneyTap raises US$12.3M to provide instant loans to salaried individuals, self-employed professionals in India

MoneyTap evaluates the user’s eligibility in less than 4 minutes after which it provides an instant, real-time decision on the application, along with the amount he/she is eligible for 

Sports wearables developer TuringSense gets another funding from Ideosource

TuringSense will focus on expanding product marketing and foster sustainable innovation 

PrivyID is Indonesia's answer to DocuSign, and it just raised pre-Series A funding

PrivyID believes that a trusted cyberspace identity and a legally binding digital signature are the foundations of a healthy e-transaction ecosystem 

Korean startup Ridibooks raises US$20M to grow e-books platform

The Series C round was led by Praxis Capital Partners, ShinHan Finance Investment, and Company K Partners 

UCAR invests in Chinese electric car company, making first foray into car manufacturing

For UCAR, the investment is a milestone to expand the business to the cover the entire auto value chain