Walmart has led a $1.2 billion funding round for Flipkart, the Indian e-commerce business in which it acquired a majority stake at a valuation of $24 billion in 2018.
The company said that the round also includes capital committed from other existing shareholders, without giving names. Flipkart co-founder Binny Bansal, Tencent Holdings, Tiger Global Management, Walmart...
Chinese gene therapy specialist Exegenesis Bio has received $20 million in Series B funding led by Legend Capital. It will be used to support clinical development of the company’s drug portfolio.
Alibaba Group has led a $300 million round for Chinese electric vehicle (EV) manufacturer Xpeng Motors. It comes barely two weeks after the company closed an extended Series C round of $500 million.
EDBI, the investment arm of Singapore’s Economic Development Board, has invested in Vesta, a US-based fraud and payment technology start-up with ambitions to expand into Asia.
Hana Financial has invested KRW100 billion ($85 million) in a portfolio of Korean waste to energy (WTE) projects controlled by Global Infrastructure Partners (GIP).