Chinese private equity firm GSR Capital has agreed to invest up to $405 million in US-listed online retailer Overstock.com and its financial technology subsidiary tZero through three separate transactions.
According to a statement, GSR will purchase up to 3.1 million shares in Overstock for $33.73 each, a 5% discount to the August 1 closing price of $35.50. GSR will also invest up to $270 million in tZero...
The Asian Development Bank (ADB) has agreed to invest $25 million in Exacta Asia Investment II (Exacta II), a Southeast Asia-focused vehicle launched last year by Japan’s Mizuho Bank.
Bcause, a US-based cryptocurrency services company backed by SBI Holdings has received a commitment of undisclosed size from China Health Checkmate (CHC) to support an Asian expansion.
Wukongbao, a Beijing-based online insurance broker, has raised millions of US dollars in a Series B round led by Chinese classifieds platform 58.com, with participation from Guohua Life Insurance.
China Everbright has completed the first close of RMB800 million ($115.4 million) on its third healthcare fund. The overall target for the vehicle is around RMB1.5 billion.