Chinese smart bike rental services start-up Mobike has raised a $600 million Series E round of funding led by existing investor Tencent Holdings. It is said to be the largest ever financing round in the bike-sharing industry globally.
The valuation of the latest round - which brings the total raised by Mobike in 2017 to nearly $1 billion - was not disclosed. The company said it plans to accelerate its expansion across multiple markets,...
California Public Employees’ Retirement System (CalPERS), the largest public pension fund in the US, plans to deploy up to $13 billion a year in direct private equity deals through two newly formed funds.
Japan Post Bank plans to increase the size of its alternatives portfolio more than fivefold in the next three years to JPY8.5 trillion ($76.5 billion). More than JPY2 trillion of this will be allocated to private equity.
Digital Garage and Toyota Tsusho, a division of Japanese automotive giant Toyota Group, have co-led a $30 million Series D round for Indian used-car trading marketplace Droom.
L Catterton Asia will invest INR1.7 billion ($25 million) in India-listed integrated fashion retailer Future Lifestyle Fashion (FLF).