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 Blackstone Group has agreed to invest $400 million in YiChang HEC Changjiang Pharmaceutical (HEC Pharm), a Chinese drug developer listed in Hong Kong, through a convertible bond issuance.
Silicon Valley-based seed-stage accelerator Y Combinator (YC) has chosen Qi Lu, the former group president and COO of search giant Baidu, as the founding CEO of its China branch, YC China.
Singapore’s Golden Equator has launched an accelerator in Brunei aimed at helping local small to medium-sized enterprises (SME) expand across Southeast Asia.
Clobotics, a China and US-based computer vision start-up backed by a number of venture capital firms, has raised $11 million in Series A funding.