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Asia sees VC deals decline in fourth quarter, 2019, finds KPMG analysis

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Hong Kong saw interest from venture capital (VC) investors during Q4’19, led by a USD 180 million funding raised by data centre construction and engineering company Chayora. Life sciences and TMT sectors remain of interest for VC investors in Hong Kong, according to KPMG’s Venture Pulse Q4’2019 analysis.

The VC market in Asia remained soft in Q4’19. Despite two USD 1 billion deals in the final quarter of the year, deal volume dropped from 1,232 deals in Q3 to 1,021 deals in Q4. On a quarterly basis, VC investment rose slightly to USD 18.7 billion in Q4’19. Year-on-year, the region’s total annual VC investment in 2019 was less than the USD 126 billion seen in 2018.

Egidio Zarrella, Partner and Head of Clients and Innovation, KPMG China, said, “Over the next few months, the word that will characterize the VC market the most will likely be ‘caution’. There’s still a lot of uncertainty in the market. Both companies and VC investors are getting quite fatigued with some of this uncertainty and that could easily impact short-term investment decisions.”

China’s overall VC investment was relatively steady quarter-over-quarter, led by a Q4′19 USD 1 billion funding raised by online housing platform Beike, followed by a USD 400 million funding raised by automotive company Xpeng and a USD 224 million funding raised by fintech WTOIP international.

In Q4’19, B2B companies were of particular interest to VC investors in China, with interest spanning across sectors such as fintech and logistics to companies focused on cloud-based technologies. Alibaba has been particularly active in the B2B cloud space, while Baidu and Tencent have started to make their own inroads, the analysis finds.

B2B services are expected to grow in 2020, particularly in areas such as financial services. VC investors in China are expected to continue to prioritize late-stage deals with a focus on companies with strong business fundamentals.

Philip Ng, Head of Technology, KPMG China, said “Both Chinese companies and VC investors in China are beginning to look globally to achieve growth. Southeast Asia and Europe were two prominent areas where China-based investors set their sights in 2019 — a trend expected to continue heading into Q1’20. Investment appetite has also changed from burning money to acquire market to deep tech innovation in China.”

Hong Kong IPO bourse secured the top position in terms of total funds raised in 2019 driven by Alibaba’s mega secondary listing in Hong Kong raising USD 12.9 billion in Q4.

Irene Chu, Partner, Head of New Economy and Life Sciences, Hong Kong, KPMG China, said, “While IPO sizes in general were down besides the mega transactions, they reflected much of the trends seen elsewhere in the world. While deal sizes may have fallen somewhat over the course of the year, TMT as well as health/life sciences continued to be a strong focus of VC investors in China.”

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SOURCE KPMG China

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Yatsen Group Wins “ESG Award” at BeautyInc Awards for Sustainability Leadership in Beauty Industry

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SHANGHAI, April 17, 2025 /PRNewswire/ — Recently, the “Grow with Beauty” Beauty Industry Summit and the 6th BeautyInc Awards Ceremony were held in Shanghai, China. The BeautyInc Awards, launched by BeautyInc — the beauty media brand under the globally recognized fashion authority WWD—are celebrated for their forward-looking global perspective and professional judging panel. They have become a benchmark in the beauty industry.

This year’s event focused on three key themes: humanistic care, environmental protection, and technological innovation. It brought together over a hundred industry leaders to explore responses to evolving consumer markets and build a sustainable ecosystem, while also unveiling the winners of the prestigious BeautyInc Awards. Yatsen Group received the “ESG Award” for its outstanding performance in Environmental, Social, and Governance (ESG) areas, highlighting its leading position in China’s beauty industry.

Yatsen Group recently received the ESG Award, highlighting the industry’s recognition of the company’s achievements in sustainable development. At the ceremony, Christy Sun, CMO of Yatsen Group, accepted the award on behalf of the Group and participated in the “Grow with Consumers” roundtable forum, engaging in discussions with beauty industry leaders.

Yatsen Group has released its ESG report for three consecutive years and has been highly recognized by MSCI, the world’s largest index provider. It is the only company in China’s beauty industry to receive an “A” rating in MSCI-ESG assessments for two consecutive years. Yatsen Group has taken a pragmatic approach to ESG governance, achieving significant progress over the past three years: Environmentally, it continues to reduce carbon emissions through product carbon footprint assessments and supply chain carbon audits. Socially, it has launched the “Create A Beautiful Life with Beauty Makeup” Program and the Green Computer Room Donation Activity, focusing on women’s empowerment and rural education. In corporate governance, it ensures strong alignment between its development strategies and ESG goals through a robust governance structure and board diversity.

Notably, Yatsen Group has collaborated with its brands to pursue lighter packaging and more sustainable materials, demonstrating a clear commitment to sustainability. For example: Perfect Diary has adopted customized eco-friendly refill bags for its Milk Foam Makeup Remover, reducing plastic usage by 86%; the packaging of Translucent Blurring Longwear Foundation has adopted a refill structure, which can reduce plastic by 91.6%.  All of the gift boxes of Galénic products in China and the express cartons for all brands of the company are made of FSC-certified paper. The capsule packaging of the EVE LOM Cleansing Oil Capsules and the capsule packaging of Age Defying Smooth Treatment are made from natural plant-based ingredients that are 100% biodegradable. These initiatives reflect Yatsen Group’s commitment to driving the sustainable transformation of its products and embody the core theme of this year’s awards—”Grow with Beauty.”

Looking ahead, Yatsen Group will continue to lead the beauty-tech wave and pioneer a new chapter in ESG with forward-thinking approaches and innovative practices.

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MEXC Ventures Launches IgniteX: A $30 Million Initiative to Foster Web3 Talent and Innovation

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VICTORIA, Seychelles, April 17, 2025 /PRNewswire/ — MEXC Ventures, the investment arm of the globally leading cryptocurrency exchange MEXC, has announced a $30 million allocation to support Web3 talent and accelerate innovation across the decentralized ecosystem. The investment initiative foresees a 5-year span and is part of the broader Corporate Social Responsibility effort by MEXC Ventures, “IgniteX,” in line with its global strategy of fostering sustainable blockchains through support and empowerment of young talents. 

The purpose of the initiative undertaken by MEXC Ventures is to create a launchpad program that will serve as a hotbed for talent nurturing and idea development. The collaboration with Korea University’s Blockchain Research Institute will mark the beginning of the “IgniteX” initiative, with more details to be unveiled in an upcoming official announcement. MEXC will work closely with the institute on blockchain development, academic exchanges, and talent cultivation. MEXC Ventures encourages submissions from early-stage Web3 startups, research initiatives, developer communities, and academic institutions working on decentralized infrastructure, AI-integrated blockchain solutions, stablecoins, and fintech tools. MEXC Ventures aims to include mentorship, educational efforts, and funding as part of the program to create a future-ready blockchain ecosystem, thus ensuring a smooth transition for the next generation of users into Web3 and preparing a willing, enthusiastic, and well-trained pool of leaders to develop it further.

The impact-driven campaign will entail a comprehensive and multi-pronged approach that includes several key elements. The foundation will be the $30 million pledge, which will serve to fund education, project support, and development initiatives. The second part of the campaign will focus on organizing hackathons and developer engagement programs in the form of global events to identify and support emerging talents.

Education will form a major part of the campaign, with university scholarships and blockchain courses offered through partnerships with academic institutions. This step is crucial to making blockchain technologies and the underlying coding and programming languages more accessible to a greater number of potential developers and IT students. Mentorship programs will be launched in tandem to make sure talents have access to adequate training, event participation, and the experience of current Web3 leaders.

Lastly, strategic sector support will be implemented to ensure that funding is provided to promising projects. Special focus will be placed on initiatives developing stablecoins, AI-based solutions, and blockchain infrastructure elements.

As a CSR initiative, “IgniteX” adheres to achieving strategic objectives, which are based on building a pipeline of high-potential Web3 startups with early MEXC involvement for future cultivation and capitalization. This will have a positive impact on brand recognition for MEXC and position it as a strategic and valuable contributor to the development of Web3 space. The campaign will also help foster cross-border collaboration among all participants of the blockchain sector and promote diversity and inclusion based on shared blockchain values.

Through “IgniteX”, MEXC Ventures aims to create an impact on the global Web3 ecosystem by empowering potential future leaders and developers through education and responsible mentorship.

About MEXC Ventures

MEXC Ventures is a comprehensive fund under MEXC dedicated to driving innovation in the cryptocurrency sector through investments in L1/L2 ecosystems, strategic investments, M&A, and incubation. Upholding the principle of “Empowering Growth Through Synergy,” MEXC Ventures is committed to supporting innovative ideas and active builders in crypto.

MEXC Ventures is an investor and supporter of TON and Aptos, and looks forward to staying at the forefront of TON and Aptos innovations while actively engaging with builders to drive ecosystem growth.

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For more information, visit: MEXC Ventures Website

 

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Strike Gold This Easter: Bybit Card’s 24K Gold Treasure Hunt

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DUBAI, UAE, April 17, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, invites Bybit Card users on a hunt for rewards this Easter. With each eligible transaction, Bybit Card holders may qualify for up to 5 guaranteed prizes, including up to 500 USDT in rewards or an extravagant 24K gold egg.

The limited-time campaign unleashes unlimited winning possibilities for lucky users of the Bybit Card. From Apr. 16 to May 4, 2025, the Bybit Card community will get to share in the Easter joy the crypto way. For every $20 spent, users will receive a guaranteed prize. Transaction volume directly enhances winning potential—with every qualified purchase increasing prospects for winning, up to a maximum of 5 opportunities during the promotional period.

In the premier prize tier, 10 top-spending participants who exceed $20,000 or equivalent in qualified spending will each claim a 500 USDT reward on a first come first serve basis. One ultimate winner will be awarded the coveted 24K gold egg.

How to Join

  • Registration is required
  • Spend $20 or more in a transaction with the Bybit Card
  • Each qualified transaction will guarantee one prize

This accessible and user-friendly promotion showcases the exceptional benefits of the Bybit Card ecosystem, where every participant enjoys guaranteed rewards while competing for premium prizes—perfectly embodying Bybit’s commitment to combining crypto’s everyday utility with rewarding experiences.

Since its launch in Sep. 2023, the Bybit Card is on track to reach 2 million users in 2025. The crypto-native, fiat-friendly payment solution allows users to access their digital assets while earning rewards and gaining potential yield.

Bybit Card Highlights

  • Instant virtual card: instant access in digital wallets on compatible devices, allowing holders to spend anywhere within the Mastercard network.
  • Crypto convenience: spending in crypto, and cash withdrawals from any ATM worldwide that supports Mastercard for added convenience with the physical card.
  • No annual fees and up to 8% APY and 10% cashback.
  • Year-round perks: 100% rebates on selected partners including Netflix and ChatGPT, plus air lounge access, early-bird access to Tomorrowland Brasil 2025, and seasonal benefits.
  • Multi-asset support: USDT, USDC, BTC, ETH, AVAX, and more.

Restrictions apply. Users may find out more about the Bybit Card, regional rewards, and eligibility: Bybit Crypto Card: Your Ultimate Crypto Debit Card.

#Bybit / #TheCryptoArk #TheBybitCard

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

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