22-23 May, London (UK)
Month: April 2018
Alisports scores $190m series A
China Taiping Insurance has backed a series A round for Alisports, the sports affiliate of Alibaba that revealed the deal at the same time as its acquisition of wearables maker Ledongli.
Sofinnova launches $340m fund
The Crossover I vehicle has been backed by CNP Assurances and an unnamed Chinese biopharmaceutical firm, and will target both late-stage private and public companies.
NLight to shine in $86m IPO
Samsung-backed nLight Photonics has filed for an initial public offering, aiming to raise approximately $86.3m when it floats on the Nasdaq Global Market.
Alzheon shoots for $86m IPO
Aptus Therapeutics-backed Alzheon has set its pricing range at $13 to $15 and could raise almost $86.3m if underwriters take up their option to purchase additional shares.
SiFive receives $50.6m series C instructions
SiFive, a US-based fabless provider of customised semiconductors, received $50.6m yesterday in a series C round that featured multiple corporates. SK Telecom, part of diversified conglomerate SK Group, wearable device maker Huami and computer storage vendor Western Digital all participated in the round, co-led by spinout-focused investment firm Osage University Partners, Sutter Hill Ventures and… Continue reading SiFive receives $50.6m series C instructions
Unum clocks $69m IPO
Unum Therapeutics has listed on the Nasdaq Global Select Market, providing exits to Novo, Sanofi, EMS and Seattle Genetics.
Homology homes in on $165m IPO
Novartis-backed Homology Medicines priced its shares at $16 and raised $165m when it floated on the Nasdaq Global Select Market.
Paytm Mall pockets $445m
SoftBank is putting $400m into Paytm Mall, while Alibaba is providing the remaining $45m, with the total amount falling short of the $500m to $600m the company was reportedly seeking.
Meituan-Dianping to pick up Mobike
The corporate has agreed to acquire Mobike, backed by Tencent, for $2.7bn.
Alibaba gobbles up Ele.me at $9.5bn valuation
Following reports in February, Alibaba has confirmed it will acquire the remaining shares in Ele.me, currently owned by investors such as JD.com, Tencent and Baidu.
News round up 3 April 2018
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Analysis: Dropbox raises $756 in IPO
The file storage cloud platform Dropbox floated above the original range it had set in an oversubscribed IPO which valued it at over $8bn.
Editorial: Management approaches to portfolio
Given the rise of intangibles in the economy, control versus delegation strikes at the heart of modern business practices. If or whether both Tencent and Alibaba continue to perform as well in the future might reflect their approaches in management.