By Mars Woo
The latest fundraising follows a $4.3-million seed round twoXAR raised from investors, including Andreessen Horowitz, CLI Ventures and Stanford-StartX Fund.
The new fund also raised 13 per cent more than the prior fund, which closed in August 2015 with $1.5 billion.
To learn how to conquer Uber, the Chinese firm is going straight to the source. It is poaching Uber employees for its Mexico management team.
Handbags would help Samsonite fill a gap as the company focuses on boosting sales of office gear and non-travel products to women.
Citigroup’s regional markets business currently has an 80:20 split in favour of men at the managing director level.
TPG is also launching a sidecar healthcare pool with a target of $2.5 billion and is likely to split the main fund’s healthcare deals on a 50-50 basis.
Many major U.S. cities have pre-empted that problem with rules that sharply limit how many dockless-bike companies can operate and how many bikes they can offer.
This is the second purchase by the Japanese vehicle this month after it acquired a beauty salon franchise
KEPCO has partnered PE firm COPA Fund for the deal. COPA is backed by Korea’s National Pension Service.
Shell has sold or agreed to sell over $25 billion of assets as part of a three-year program to dispose of $30 billion by the end of 2018.