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The FX market has more than a decade of globalization, and has become, especially in recent days, the world’s biggest financial trade market. According to reports by the BIS, in 2016, RMB has become the world’s liveliest emergent market currency. From 2013 to 2016, RMB trade volumes have grown significantly. Average daily volume across those three years went from 120 Billion US Dollars to 202 Billion US Dollars.
Touch Press has proved e-learning is not just child’s play after it raised $10 million (€9.4 million). The company was formed last year after the integration of Dublin-based StoryToys, the games division of New York company Amplify, and London-based app developer Touch Press.The lead investors are an investment vehicle backed by Emerson Collective, the philanthropic organization founded by Laurene Powell Jobs, a businesswoman and widow of Apple founder Steve Jobs, and Chinese venture capital fund PGA Ventures.
A Los Angeles startup called codeSpark has raised $4.1 million in seed funding for web and mobile games that teach kids how to code, even before they know how to read and write effectively. CodeSpark’s games were developed for kids 4 to 9 years old, and with a goal of not just teaching them STEM concepts, but engaging boys and girls equally well. The games feature characters who are girls, and storylines that do not involve the rescue of girls, for example.
Quantifeed, a leader in digital wealth management solutions in Asia, has reached a significant milestone by closing US$4.5 million in a Series A financing round. Shanghai-based PGA Venture Partners led the investment. The funds will enable Quantifeed to accelerate expansion in key markets in the Asia Pacific region, including China.
Online Education Platform EdCast has raised a US$16 Million in Series B Funding from GE Asset Management, SoftBank Capital, Stanford StartX Fund and PGA Venture Fund. The funds will enable EdCast to accelerate expansion in key markets in the Asia Pacific region, including China.