Chinese internet giant Tencent has led a US$110 million injection into Indian video-streaming service provider MX Player.
The new round marks MX Player’s first external fundraise after getting acquired by digital products company Times Internet, which also participated in the round.
This Singapore-based company serves localized fraud detection and.facial recognition solutions to clients in China, Indonesia, the Philippines, Vietnam, and India.
Advance AI made headlines in mid-September 2019 when it raised US$80 million in series C funding.
The funding amount was not disclosed, but as reported by DealStreetAsia, it could be worth up to US$100 million, making it potentially one of the largest deals in the country this year.
Founded in 2012, Scommerce is one of the leading e-logistics service providers in Vietnam, offering last-mile express and instant delivery, as well as business-to-business trucking and fulfillment services under the brands GHN and AhaMove.