Catherine Badour
It started 12 years ago as a one-man blog written by a self-confessed “sneakerhead.” Fashion website Highsnobiety went on to become a top destination for young men buying the latest streetwear - and has now attracted its first outside investment, Reuters reported.
Google, Singapore investor Temasek and China’s Meituan-Dianping are investing in Go-Jek as part of a $1.2 billion fundraising round, bolstering the Indonesian ride-hailing firm in its battle with deep-pocketed rivals Grab and Uber, sources said.
German online furniture retailer Home24, in which Rocket Internet (RKET.DE) is a major investor, is preparing a stock market listing in early summer, Manager Magazin reported on Thursday, citing unidentified company insiders.
German used-car dealing platform Auto1 said a 460 million euro ($561 million) financial infusion from Japan’s Softbank meant it was under no pressure to launch an initial public offering to fund its pan-European growth plans.
China’s second-biggest e-commerce firm JD.com (JD.O) has kicked off a fundraising round at its logistics unit with a target of at least $2 billion, and eventually plans to list the business overseas, sources told Reuters.
U.S. biotech pharmaceutical firm Celgene Corp (CELG.O) said on Sunday that it had agreed to acquire Impact Biomedicines for as much as $7 billion, subject to certain milestones associated with regulatory hurdles and sales performance.
FAW Car Co Ltd (000800.SZ) said on Sunday it was taking a 10 percent stake in Chinese bicycle-sharing startup Mobike’s new car-sharing unit Mobike Chuxing Technology Co.
Alphabet Inc’s (GOOGL.O) Google has joined an investment in Chinese live-stream mobile game platform Chushou that brings the startup’s total funding to $120 million, as the U.S. firm eyes new inroads to China where its search engine is blocked, Reuters reported.
Wi-Fi equipment maker Mojo Networks is eyeing a stock market listing in about two years and expects annual sales to hit $100 million by then, the company’s co-founder Pravin Bhagwat said.
Europe’s largest privately held biotech company, Germany-based BioNTech, has raised $270 million to support its work in developing personalized immunotherapies for cancer, ahead of an expected eventual stock market flotation, Reuters reported.