Ele.me, a Chinese food delivery ordering platform backed by Alibaba Holdings and several private equity investors, has confirmed its merger with Baidu Waimai, the food delivery business of Chinese internet giant Baidu.
Under the agreement, Baidu Waimai has become a subsidiary of Ele.me and will continue to operate under its own name. The deal reportedly valued Baidu Waimai at around $800 million and gives Baidu’s management...
Chinese commercial space launch start-up LandSpace has secured RMB300 million ($43 million) in an extended Series B round led by China Growth Capital.
In its debut Japan investment, L Catterton plans to help eyewear maker Owndays expand its customer-friendly business model outside its home market
Swedish pension fund AP2 could be about to see a significant jump in its private equity allocation. Head of alternatives Anders Strömblad outlines what the organization looks for in prospective portfolio GPs
Agora.io, a real-time voice and video communication platform established by Tony Zhao, formerly CTO of Chinese social networking player YY.com, has received $70 million in Series C funding led by Coatue Management.