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Page 535

Aslan hashes out $42m from IPO

The AMT, Accuron and Tianda Pharmaceuticals-backed cancer drug developer raised half of its initial target for the offering.

May 10, 2018

Big Deal: Corporates cash in as Walmart buys $16bn stake in Flipkart

Walmart invested in the e-commerce platform at a $20.8bn valuation, allowing SoftBank, Naspers and eBay to achieve billion-dollar returns.

May 10, 2018

Alibaba beats path to Daraz acquisition

E-commerce marketplace Daraz was launched by Rocket Internet and received funding from the Rocket and Ooreedo-formed Asia Pacific Internet Group.

May 10, 2018

Intel spreads $72m across 12 companies

Intel Capital has revealed investments in 12 US or China-based portfolio companies and a partnership with the NBA.

May 10, 2018

MIT and Socar spud Azerbaijan-focused fund

MIT has teamed up Socar-AQS to fund app-based technologies originating from the entrepreneurship ecosystem of Ada University.

May 10, 2018

Petronas Chemicals cracks open corporate venturing

The chemicals arm of oil and gas producer Petronas will use corporate venturing as one route to emerging technologies and markets.

May 9, 2018

Alibaba affiliates cater to Xiyun in $200m round

Koubei and Ant Financial joined asset manager CDH Investments for catering service provider Xiyun International's series A round.

May 9, 2018

Shenma Finance motors to $47m series C

The automotive finance provider has raised money from investors including CreditEase and Tongbanjie as it moves into four-wheeler loans.

May 9, 2018

ReNew Power gears up for possible $1bn IPO

The Tokyo Electric and Chubu Electric-backed renewable energy provider is targeting an initial $386m, though share sales could take the offering to $1bn.

May 9, 2018

CStone rocks $260m series B

WuXi Healthcare Ventures has returned to support the drug developer's series B round, which included Taikang Insurance.

May 9, 2018
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