Redux raised $5 million in March 2017, and concentrated on markets including computing, mobile, automotive and industrial controls.
The $97 billion Vision Fund is in talks to invest in Lufax, China’s largest online-financing company, OneConnect, which offers AI-powered services, and health-care portal Ping An Good Doctor. The fund would look to take between 5 percent and 10 percent of the companies.
Uber and Yandex agreed in July to merge their ride-hailing businesses in Russia.
The company will be re-branded Virgin Hyperloop One.
VC firm Benchmark has sought a guarantee in writing from SoftBank.
However it is keen to bid excluding the troubled chip-maker’s U.S. business
SoftBank has built a less than 5% stake in IRobot, below the amount that would require a regulatory disclosure in the US.
Shares in Rocket Internet fell nearly 4% after Kinnevik said it was exiting it.
The new commitments would take the total pool to $100 billion.
LeEco, controlled by Jia Yueting, is suffering from a cash crunch