Alibaba Group has led a $600 million Series C round for China's SenseTime, said to be the largest-ever fundraise by an artificial intelligence (AI) company globally.
The round values the company at approximately $4.5 billion, according to a source familiar with the situation. Other investors include Singapore’s Temasek Holdings and Chinese consumer electronics retailer...
Singapore’s Temasek Holdings and Sweden’s EQT will commit $500 million to the launch and development of O2 Power, a renewable energy platform in India.
Indian self-driving rental platform Zoomcar has raised $30 million in Series D funding with a contribution from a Sony-branded fund managed by Innovation Growth Ventures.
Warburg Pincus generated distributions of $2 billion from its China investments last year, a record annual total for its local operation.
Several public sector organizations have committed $500 million to six funds managed by Bamboo Capital Partners under a new investment platform dedicated to achieving the UN sustainable development goals (SDGs).