The video streaming platform has added Softbank to a list of shareholders that already included online video provider Youku Tudou.
Month: January 2016
Lufax raises $1.2bn in massive series B
The Ping An-backed trading platform has confirmed the financing, raised at an $18.5bn valuation, and will look to go public later this year.
Qualcomm and Guizhou to conduct $280m joint venture
Qualcomm has inked an agreement with the government of Guizhou to set up its Chinese corporate venturing unit in the province and launch a $280m joint venture.
Investors to transfer $1bn to JD Finance
JD Finance, the financial services subsidiary of China-based e-commerce company JD.com, agreed a RMB6.65bn ($1bn) share subscription on Saturday co-led by insurance provider China Taiping Insurance. Venture capital firm Sequoia Capital and investment firm China Harvest Investments co-led the round with Taiping, while a range of unnamed investors also participated. The deal values JD Finance… Continue reading Investors to transfer $1bn to JD Finance
Weekly corporate venturing deal net: 11-15 January 2016
India-based messaging app developer Hike has received an undisclosed amount of funding from individual investors Adam D’Angelo, Matt Mullenweg, Aditya Agarwal and Ruchi Sanghvi, TechCrunch reported on Monday. It had previously raised approximately $86m from Bharti Softbank, a joint venture formed by telecommunications companies Softbank and Bharti Group, and Tiger Global Management. US-based cancer diagnostics… Continue reading Weekly corporate venturing deal net: 11-15 January 2016
News round up 18 January 2016
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Silvertree to help startups bloom with $10m
E-commerce holding company Silvertree Internet Holdings plans to invest $10m in Africa-based online companies from the start of 2016.
Mondini to materialise outside of Sabic
Fabien Mondini, Sabic Ventures’ senior investment manager in Europe since 2012, has left its parent company, chemicals and advanced materials producer Sabic.
Healthline subsidiary Talix spins out with $14m
General Electric and RELX were among the investors that supplied the risk management software provider with capital as it spun out from Healthline Networks.
Singtel Innov8 calls up startups
The telecoms firm has launched a new program to invest in startups that can solve business challenges faced by the company, and will provide up to $50,000 to each.
Looker hooks $48m
The data analytics technology developer has now raised $96m altogether, after closing a series C round featuring Sapphire Ventures.
Syros secures $40m in series C cycle
WuXi Healthcare Ventures and corporate-backed Deerfield Management are among the investors in the gene control drug developer’s series C round.
D+H provides capital as IVP reaches $72.5m
Information Venture Partners, a fintech-focused VC firm spun out of Royal Bank of Canada, has secured D+H as a limited partner on its way to a $100m final close for its latest fund.
App Annie looks after series E with $63m
App Annie, a US-based mobile app analytics provider backed by publisher International Data Group (IDG), attracted $63m in series E capital yesterday in a round led by venture capital firm Greenspring Associates. VC firms E.Ventures, Greycroft Partners, Institutional Venture Partners and Sequoia Capital also contributed funds to the round. Founded in 2010, App Annie offers… Continue reading App Annie looks after series E with $63m