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China’s vegetable selling app Meicai said to raise $450m from Tiger Global, others at $2.8b valuation
The funding underscores the lofty valuations Chinese companies are fetching in a market awash with capital.
The Twitch-like streaming division is seeking to raise at least $200 million this year to fund expansion in a fledgling but heated sector
Son has rattled rivals with his growing influence and changed the game of startup investing — for better or worse.
Asia’s biggest internet company wants to capitalize on digital-music sales in mainland China that are expected to surge 88 percent within four years.
It is considering an offering as soon as next year with banks suggesting Hong Kong as the most likely destination. Xiaomi last raised money in 2014 at a $46 billion valuation.
It raised $5.5 million in September in a round backed by GGV Capital and Temasek’s Heliconia Capital Management.
The merger would end a costly and frosty battle and create a dominant player in a domestic trucking market estimated to be worth 5 trillion yuan ($753 billion).
Other backers include Malaysian sovereign wealth fund Khazanah, Sequoia Capital, IFC and Alibaba Entrepreneurs Fund.
Among the criteria used to decide winners were innovation, community impact and market potential.
Tencent’s e-books business soared almost 90 percent on its debut, Hong Kong’s largest tech coming-out party since 2007.