Catherine Badour
Dalian Wanda Group is selling a $1.24 billion stake in its listed film business to a pair of investors led by Alibaba Group Holding Ltd (BABA.N), as the conglomerate looks to bring in strategic partners and raise new funds.
Tencent Holdings Ltd is leading a deal to invest 10 billion yuan ($1.59 billion) in Chinese menswear group Heilan Home Co Ltd, upping a retail rivalry with fellow internet giant Alibaba Group Holding Ltd, sources with knowledge of the matter said. China’s second-largest e-commerce company JD.com Inc and online clothing platform Vipshop Holdings Ltd will […]
India’s leading online grocer BigBasket has raised $300 million in a funding round led by China’s Alibaba (BABA.N), giving it more firepower to compete with U.S. rival Amazon (AMZN.O), Reuters reported.
Silicon Valley start-up Nuro said on Tuesday it raised $92 million to launch a self-driving delivery vehicle, joining automakers, shippers and a host of little-known companies developing autonomous vehicles for local commerce.
Andrew Ng, who formerly led artificial intelligence projects at Alphabet Inc’s Google and Chinese firm Baidu Inc, has raised a $175 million fund to invest in AI startups, starting with one of his own aimed at computers detecting defects in products, Reuters reported.
Japan’s Line Corp said on Wednesday that it had entered an agreement with SoftBank Group Corp to give the telecoms and technology firm a majority stake in Line’s mobile unit, Reuters reported.
BP Plc said it had invested $5 million in U.S. mobile electric vehicle charging company FreeWire, helping it provide rapid charging at its retail sites in Britain and Europe, as demand for cleaner vehicles is expected to soar.
Southeast Asian last-mile logistics provider Ninja Van said it has completed its latest fundraising round that will be used to expand its regional operations, with one source saying the company raised about $85 million.
Alphabet Inc’s Google, Tencent Holdings Ltd and Sequoia Capital China have joined a $15 million B series funding round for Boston- and Shenzhen-based artificial intelligence (AI) pharmaceutical firm XtalPi Inc, Reuters reported.
Israel-based Nexar, whose technology warns drivers of real-time road hazards, said on Wednesday it raised $30 million in a financing round led by Ibex Ventures.