Beijing Bytedance Technology, the parent company of Chinese news aggregator Toutiao, has agreed to acquire Musical.ly, a VC-backed short video social networking platform.
Financial terms were not disclosed but several media outlets reported that Bytedance is paying between $800 million and $1 billion. Musical.ly said it will continue to operate as an independent business...
California Public Employees’ Retirement System's (CalPERS) decision to launch a private equity direct investment strategy sets it apart from its counterparts, but the plan will need conviction and focus to succeed
Vision Plus Capital looks to tap the entrepreneurial talent developing in Alibaba Group's ecosystem for its second US dollar and renminbi-denominated funds
Advantage Partners aims to build on the firm's experience connecting Asian entrepreneurs with opportunities in Japan in its first Asia-focused fund
Ally Bridge Group, Hillhouse Capital and 6 Dimensions Capital have co-led a $300 million Series C round for Grail, a biotechnology development firm based in Hong Kong and the US.