Catherine Badour
Most Chinese investors expect regulators to relax rules on initial public offerings (IPOs) by technology companies, and would like to invest in such domestic listings, the Shenzhen Stock Exchange said on Wednesday, citing a recent survey.
Chinese bike-sharing firm Ofo has raised $866 million in new funding led by Alibaba Group Holding Ltd, in what it said was the largest investment garnered in a single round by a bike-sharing startup.
Data-sharing business Dropbox Inc (DBX.O) on Monday filed for an initial public offering of 36 million shares, giving the company a value of more than $7 billion at the high end of the pricing range, Reuters reported.
Southeast Asia’s biggest ride-hailing firm, Grab, is in advanced negotiations to buy parts of Uber Technologies Inc’s business in the region, said a source with knowledge of the talks, in what would be Uber’s second retreat from an Asian market.
Magic Leap, a secretive startup working in the augmented reality space, said on Wednesday it raised $461 million in its latest funding round, led by the Kingdom of Saudi Arabia’s sovereign investment arm.
Stockholm-based Fishbrain, the company behind a widely popular social network for sport fishing, said on Wednesday it had raised $13.5 million in a series B funding round led by venture capital firm B Capital Group to boost staffing and speed up user growth.
Brazilian financial startup Nubank said on Thursday it raised $150 million in a new financing round led by venture capital firm DST Global Investment Partners, alongside other current investors, such as Founders Fund, Redpoint Ventures, Ribbit Capital LP and QED.
Inscripta said on Wednesday it raised $55.5 million in funding as the privately held biotech startup looks to strengthen its research team and speed up development and commercialization efforts of its gene-editing tools.
Toyota Motor Corp is boosting investment in startup companies to get a better handle on emerging technologies that could potentially disrupt its existing business, according to the head of Toyota’s corporate venture arm.
Tencent Holdings and JD.com will pay $140 million and $117 million respectively for minority stakes in a Chinese retail chain as China’s tech giants extend their battles in the retail space, Reuters reported.