Tencent has teamed up Korean online games developer Wemade Entertainment to invest KRW92 billion ($80 million) in Kakoo Talk, a popular Korean mobile messaging application.
The Chinese internet firm purchased 3.6 million shares, or a 13.8% stake, at KRW20,000 per share, while Wemade took 1 million shares, or 3.8%, according to South Korea newspaper The Chosun Ilbo. Kakoo...
A unit of China Zhongwang has agreed to buy US aluminum company Aleris Corporation in a deal worth $2.3 billion, facilitating an exit for majority owner Oaktree Capital Management.
Beijing Allcure Medical Technology, a Chinese medical start-up that develops cloud-based radiotherapy technology, has raised an extended Series A round of funding worth RMB180 million ($27 million).
Sequoia India and US-based Sands Capital Ventures have led a $27.4 million Series B round of funding for Mitra Biotech, an India and US-based company that focuses on personalized cancer therapies.