Chinese electric vehicle (EV) maker Nio – which claims its premium vehicle is cheaper and better quality than the Tesla Model X – ended its first day of trading in New York 5.4% above the IPO price following a $1 billion offering.
The company sold 160 million American Depository Shares (ADS) at $6.26 apiece, close to the bottom end of the indicative range. A further 24 million shares could be added to the IPO if underwriters fully...
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.