Funding in Asia, however, stayed constant at $15 billion in each of the last two quarters.
Singapore REITs raise record capital via secondary share sales
Chinese AI Startup Megvii goes full tilt with IPO despite US blacklisting
Mubadala eyes debt market, mulls backing SoftBank Vision Fund 2
Qatar’s dairy firm Baladna to raise around $392m in IPO
India: IL&FS raises $115m through sale of wind assets to Japan’s Orix
Indonesian unicorn Tokopedia in talks to raise pre-IPO financing
State-backed Cool Japan Fund to invest $50m in Indonesia’s Gojek
Indonesian restaurant operator Champ Resto mulls $150m IPO
Singapore: Insignia Ventures Partners raises $200m for second fund
Ant Financial-backed BAce leads Series A funding in Indonesian proptech startup RoomMe
The additional investment will come directly from the Japanese group rather than its roughly $100 billion Vision Fund.
P7 has already committed to two new investments.
The stake will be sold by an affiliate of Goldman Sachs Infrastructure Partners.
WeWork's preferred option is a roughly $5 billion financing package led by JPMorgan, which may include at least $2 billion of unsecured payment-in-kin
SoftBank led a $17.6-million round in Brazilian used-car platform Volanty with Argentina's Kaszek Ventures, which is also an investor in Kavak.
The owners will now seek to raise about $678.6 million in exchange for up to 33% of the company.
The package would significantly increase the stake of SoftBank, which already owns around one-third of WeWork.
SoftBank has invested in 10 companies from its Latam fund including Colombian delivery-app Rappi and Brazilian lender Banco Inter SA.
Policy & Regulations
The lawsuit argues that the cruising rule threatens to shift business away from ride-hailing firms in favor of taxis.
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