Automotive manufacturer Guangzhou Automobile Group (GAC) invested an undisclosed sum in Uber China, the Chinese subsidiary of US-based ride hailing company Uber on Monday. Uber China, which operates in 21 Chinese cities, raised $1.2bn in funding from Uber and internet services company Baidu, in September this year. The GAC partnership will involve collaboration on auto sales, services, financing and marketing.
Pharmaceutical firm Takeda invested $5m in Aquinnah Pharmaceuticals, a US-based startup developing treatments for neurodegenerative diseases including Amyotrophic Lateral Sclerosis,…
