Chinese internet giant Tencent Holdings has invested $400 million in Indian ride-hailing operator Ola, valuing the business at approximately $4.1 billion.
Tencent was allocated 1.91 million shares at INR13,521 apiece. This equates to a 9.75% stake in Ola, local media reported, citing filings with the Registrar of Companies. The company raised INR6.7 billion...
Beyond Ventures and Chinese internet giant Alibaba Group have led a $40 million funding round for Hong Kong-based genetic testing and wellness start-up Prenetics.
Abu Dhabi Investment Authority (ADIA), a sovereign wealth fund based in the United Arab Emirates, has committed $1 billion to the Indian government’s National Investment and Infrastructure Fund (NIIF).
Australian private equity firm ROC Partners has teamed up with the state government of New South Wales and pension fund First State Super to launch a A$150 million ($118 million) equity fund targeting small to medium-sized enterprises (SME).
IMM Private Equity has agreed to buy a majority stake in W Concept Korea, an own-brand online clothing retailer owned by ISE Commerce, a multi-strategy Korean e-commerce business.