Chinese artificial intelligence (AI) developer Megvii Technology has raised $750 million in Series D funding led by Bank of China Group Investment. It brings the company’s valuation to around $4 billion.
Abu Dhabi Investment Authority, ICBC Asset Management, and Macquarie Group also participated. Megvii is said to be preparing for a $1 billion Hong Kong IPO within the year. The capital will be applied...
Industry attempts to contextualize the advent of artificial intelligence as a key moment in the history of humanity risk overheating a market already on fire
SBI Cards and Payments, the State Bank of India's (SBI) credit card arm and a Carlyle Group portfolio company, is looking to raise INR60 billion ($840 million) through a domestic IPO.
Chinese healthcare-focused GP HighLight Capital has reached the first close of $300 million on its third US dollar-denominated fund, but further progress is likely to be delayed by the coronavirus outbreak.
Amber Group, a Hong Kong-based start-up offering crypto-based financial services, has raised $28 million in a Series A round led by Paradigm and Pantera Capital.