Sectors
AstraZeneca and the Chinese Future Industry Investment Fund have joined forces to launch drug development firm Dizal Pharmaceutical.
Paytm Mall is seeking an investment of $500m to $600m and has approached SoftBank about serving as lead investor in the round.
Rocket Internet-backed car classified portal Carmudi has sold its site in Vietnam to Fram Skandinavien for $50,000.
Unilever Ventures has committed $10m to the IDG Ventures India Fund, with the money going towards startups operating in the consumer and digital spaces.
Ping An Good Doctor, an online healthcare platform backed by Ping An Insurance, is targeting a $1bn initial public offering in Hong Kong as early as the first half of 2018.
Huochebang, backed by Baidu and Tencent, is set to merge with its local peer Yunmanman in a deal that would value the combined entity at more than $2bn.
Itochu, KDDI and SBI Holdings have all invested in the cross-border mobile commerce platform to increase its total funding to $109m.
The UAE-based conglomerate has diversified into direct VC investments, and will put half the cash into MENA-based companies.
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