Chinese bike-sharing start-up Ofo has raised $866 million in a new funding round – comprising equity and debt – led by existing investor Alibaba Group. It is said to be the largest round raised by a bike-sharing company to date.
Other investors in the round include Alibaba’s financial services affiliate Ant Financial, Haofeng Group, Tianhe Capital, and Junli Capital. Alibaba also led Ofo’s $700 million Series E round in July...
Tencent Holdings and Meituan-Dianping have led a $200 million Series D funding round for business-to-business (B2B) online liquor trading platform Yijiupi.
Samara Capital has agreed to buy Aditya Birla Retail (ABRL), the retail arm of India’s Aditya Birla Group, for an undisclosed amount.
AGIC Capital, a private equity firm focused on cross-border investments, has exited its stake in Italian robotics supplier Gimatic to US-based industrial products manufacturer Barnes Group for EUR370 million ($436 million) in cash.
Shunwei Capital has led an RMB160 million ($23 million) Series B round of funding for Rokae, a Chinese industrial robotics developer, with participation from GSR Capital, THG Ventures and Plum Ventures.