Qiming Ventures set to open office soon in Singapore

The Australian VC firm has previously backed Airwallex and Canva.

After the death of its co-chairman in July, HNA Group continues to downsize its overseas empire. Senior executives have left the company and some of its Hong Kong subsidiaries have closed.

David He, who has global experience across M&A, private equity and restructurings, joined from Gunderson Dettmer at the beginning of September.

Helical Fusion and Celaid Therapeutics have raised JPY3.23bn and JPY400m, respectively, as Japanese capital targets research-intensive startups.

The University of Hong Kong and Gobi Partners want to transform financing for tech startups in the Special Administrative Region.

The bank wants to help scale digital 'platform players', and is also offering $150m of venture debt to the Singapore market to provide financing to early-stage, high-growth companies backed by venture capital or private equity.