Tencent Holdings has invested in the China franchise of coffee-and-donut chain Tim Hortons, which operates as a joint venture between Restaurant Brands International (RBI) and Cartesian Capital Group.
Tim Hortons China launched its first store in February 2019 and now has around 50 nationwide, although most are based in Shanghai. The goal is to open more than 1,500 outlets. Tencent’s investment will...
KKR has offered to acquire up to 9% of First Gen Corporation, a power plant operator in the Philippines, for PHP7.29 billion ($144 million).
Japan’s Beyond Next Ventures has led a JPY800 billion ($7.4 million) Series A round for local cell-based agricultural technology specialist IntegriCulture.
Chinese drug developer Jiangsu Atom Bioscience & Pharmaceutical has raised $30 million in Series B funding led by Sequoia Capital China and Hong Kong-listed Livzon Pharmaceutical Group.
Hillhouse Capital has led an extended Series A round of funding worth $50 million for Deepexi, a Chinese start-up that provides a suite of smart data services to enterprise customers.