Social Leverage Acquisition Corp I will acquire AMD and ConsenSys-backed W3BCloud while China Life took part in a $300m round for Taibang Biologic.

M&A

Zeelo, the UK-based smart bus portal operator backed by carmaker Jaguar Land Rover’s InMotion Ventures subsidiary, has agreed to terminate a merger with ride hailing service Swvl announced in April this year, due to market volatility.

Reverse merger

New York-listed special purpose acquisition company Social Leverage Acquisition Corp I has agreed to purchase W3BCloud, the Ireland-based compute infrastructure builder that counts graphics processing unit producer Advanced Micro Devices (AMD) and blockchain technology provider ConsenSys as investors.…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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