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Sequoia-backed China robot startup to be raising new funds

  Bloomberg Makeblock Co., a Chinese maker of DIY robotics parts, is seeking to raise funding at a $200 million valuation as the Sequoia Capital-backed startup expands into classrooms and hobbyist’s workshops globally, people familiar with the matter said. The Shenzhen-based company us seeking to raise about 200 million yuan ($29 million) in a series B round, the people said, ...

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Chinese game site seeks funds at US$1.2 billion valuation

  Bloomberg Douyu, the live-streaming service backed by Tencent Holdings Ltd. that’s been compared to Amazon’s Twitch, is in talks to raise a billion yuan ($145 million) in funds at a valuation of about $1.2 billion, according to a person familiar with the matter. The three-year-old company, whose name means “fighting fish,” needs capital to expand beyond games-streaming and fend ...

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Japan’s trade deficit widens on drop in car exports, oil imports

  Bloomberg Japan posted a bigger-than-forecast trade deficit in January as auto exports declined and energy import costs increased. Economists cautioned against reading the single month’s figures negatively, noting that global demand should support Japan exports this year. Exports rose 1.3 percent from a year earlier (versus +5 percent estimate). Imports climbed for the first time in two years, by ...

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