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DST-backed Chinese startup Fenqile said to plan $600m IPO

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Fenqile, a Chinese online shopping mall that lets users pay in installments, is planning a U.S. initial public offering that could raise about $600 million, according to people with knowledge of the matter. The Shenzhen-based startup, founded by former Tencent Holdings Ltd. executive Xiao Wenjie, could list as soon as… Read more »

Chinese 100 yuan banknotes are seen in this picture illustration taken in Beijing May 7, 2013. REUTERS/Petar Kujundzic
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Practo CEO Shashank ND. Apart from healthcare start-ups Enlightiks, Qikwell and Insta, Practo has also acquired FitHo and Genii. Photo: Mint
India: Practo buys healthcare analytics firm Enlightiks

Healthcare services platform Practo Technologies Pvt. Ltd has acquired Enlightiks Business Solutions Pvt. Ltd, a healthcare analytics solutions firm, in a cash and stock deal. Established in 2012, with offices in Bengaluru and Charlotte in the US, Enlightiks owns a predictive clinical and computational platform called Querent and uses big… Read more »

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Bhavish Aggarwal, CEO and co-founder of Ola, an app-based cab service provider, poses in front of an Ola cab in Mumbai March 3, 2015. REUTERS/Shailesh Andrade/File Photo
Shashank ND, Co-Founder and CEO of Practo
India: Healthcare startup Practo’s loss widens to $9.5m in FY 2016

Healthcare start-up Practo Technologies Pvt. Ltd recorded a five-fold increase in revenue in the fiscal year ended 31 March, while its loss widened almost five times, documents filed with the Registrar of Companies show. Practo clocked revenue of Rs165.14 crore for the year ended 31 March, 2016, as against Rs29.73… Read more »

Uber deal tests Didi’s pact with Ola

As long as Didi owns shares in Ola, or for a period of two years after it sells its shares in Ola, Didi must not link up with any business that competes with Ola, according to according to documents filed with India’s Registrar of Companies.