SoftBank Ventures leads $10m Series A in AI biopharma startup twoXAR


The latest fundraising follows a $4.3-million seed round twoXAR raised from investors, including Andreessen Horowitz, CLI Ventures and Stanford-StartX Fund.

HarbourVest raises $1.7b Europe, Asia, emerging markets-focused fund

The new fund also raised 13 per cent more than the prior fund, which closed in August 2015 with $1.5 billion.

Mexico, one of Uber’s most profitable markets, to be invaded by China’s Didi

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.

HK-listed Samsonite hunts for handbag brand to rival $1.8b Tumi deal

Handbags would help Samsonite fill a gap as the company focuses on boosting sales of office gear and non-travel products to women.

Citigroup wants more women in top management at Asia markets unit

Citigroup’s regional markets business currently has an 80:20 split in favour of men at the managing director level.

TPG said to target $11b for next flagship buyout fund

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.

Bike-sharing firms face operational hurdles in US as cities protect sidewalks

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.

CLSA’s Sunrise Capital III acquires Japanese e-commerce business MOA

This is the second purchase by the Japanese vehicle this month after it acquired a beauty salon franchise

S Korea’s KEPCO, COPA Fund buy 235MW worth assets from Canadian Solar unit

KEPCO has partnered PE firm COPA Fund for the deal. COPA is backed by Korea’s National Pension Service.

Shell to sell New Zealand assets to Austria’s OMV for $578m

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.