TLDR:
- Naver’s Webtoon Entertainment files for US IPO with financial heavyweights leading the offering
- Hello Health Group secures investment from 5i Ventures to support growth in Asia
Naver’s Webtoon Entertainment, a subsidiary of South Korean internet giant Naver, has filed for an IPO in the US. The specifics of the offering will be disclosed in a later filing, but Naver intends to maintain control over the online comics operator post-IPO. The IPO is being led by financial heavyweights such as Goldman Sachs and Morgan Stanley, and Webtoon plans to trade its shares on the Nasdaq Global Select Market.
Hello Health Group, a digital health and wellness platform, has sold a major stake to 5i Ventures, becoming the leading investor in HHG. This investment will support the company’s growth in Asia and enhance its market position across the region.
In China, GMM Music has sold a 10% stake to Tencent for USD 70 million, furthering Tencent’s aim to expand its influence in the Southeast Asian music market. InfiniD, an Indonesian fintech startup, has secured funding from Argor Capital Management and Insignia Ventures Partners.
Additionally, there were several funding rounds in China, with companies like Nio Power, Qingmao Intelligence, Unisoc, Miqro Era, Micflon, Pro Immune, Naxeon, and JoinAI securing investments for product development, market expansion, and technology R&D.
