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Razer, a $438 million video gaming company listed on the Hong Kong Stock Exchange, makes laptops, wearables and smartphones. Now, in response to the enthusiastic demands of 44,000 fans – a dozen of whom have posted photos of themselves on Facebook sporting “Razer toaster” tattoos – Razer is also expanding to its own astonishment into the toaster industry. "It will take a few years,” admitted Singapore-born CEO Min-Liang Tan, who thought the toaster suggestion was a joke at first, ”but I'll be sure to share the progress – and make it a community affair.” Razer was founded in 2005 in San Francisco. IDG Capital-Accel China invested $50 million in the company in 2011.
Waterdrop Inc., a healthcare crowdfunding startup, is seeking financing at a new valuation of more than $1 billion. Waterdrop said it plans to use its latest funding to automate reimbursements and develop blockchain technology for the Chinese insurance industry. Since its launch in 2016, the Beijing-based medical alternatives provider has already paid out $65.3 million in claims to more than 3,000 of its 70 million active users. Waterdrop also markets traditional insurance products provided by more than 50 third-party financial institutions in China. IDG Capital joined Waterdrop’s $74 million Series B funding in March.